Power Solutions International Inc (NASDAQ:PSIX - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $31.37, but opened at $29.64. Power Solutions International shares last traded at $28.05, with a volume of 82,589 shares changing hands.
Power Solutions International Price Performance
The company has a market capitalization of $631.35 million, a PE ratio of 11.63 and a beta of 1.04. The company has a 50-day simple moving average of $35.83.
Insider Transactions at Power Solutions International
In other news, major shareholder Gary S. Winemaster sold 17,983 shares of the business's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $36.84, for a total value of $662,493.72. Following the completion of the transaction, the insider now directly owns 2,981,119 shares of the company's stock, valued at approximately $109,824,423.96. The trade was a 0.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders sold 50,625 shares of company stock valued at $1,683,476. Corporate insiders own 0.60% of the company's stock.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in PSIX. Astoria Portfolio Advisors LLC. bought a new position in shares of Power Solutions International in the 4th quarter worth $216,000. Evernest Financial Advisors LLC acquired a new position in Power Solutions International during the 4th quarter valued at about $223,000. Heck Capital Advisors LLC acquired a new position in Power Solutions International during the 4th quarter valued at about $94,000. Gagnon Securities LLC acquired a new position in Power Solutions International during the 4th quarter valued at about $25,292,000. Finally, Gagnon Advisors LLC acquired a new position in Power Solutions International during the 4th quarter valued at about $13,987,000. 22.28% of the stock is owned by institutional investors.
Power Solutions International Company Profile
(
Get Free Report)
Power Solutions International, Inc engages in the design, manufacture, and trade of power systems and electrical power generation equipment. The firm provides integrated turnkey solutions to global original equipment manufacturers and end-user customers within the energy, industrial, and transportation end markets.
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