Power Solutions International Inc (NASDAQ:PSIX - Get Free Report)'s share price gapped down before the market opened on Wednesday . The stock had previously closed at $25.92, but opened at $24.67. Power Solutions International shares last traded at $25.45, with a volume of 25,261 shares trading hands.
Analysts Set New Price Targets
Separately, Craig Hallum reiterated a "buy" rating on shares of Power Solutions International in a research note on Tuesday, March 25th.
Get Our Latest Research Report on PSIX
Power Solutions International Price Performance
The company's fifty day simple moving average is $33.47. The company has a market capitalization of $467.06 million, a P/E ratio of 8.60 and a beta of 1.04.
Power Solutions International (NASDAQ:PSIX - Get Free Report) last released its quarterly earnings results on Monday, March 24th. The company reported $1.03 EPS for the quarter. Power Solutions International had a net margin of 12.46% and a return on equity of 293.35%. The firm had revenue of $144.30 million for the quarter.
Insider Transactions at Power Solutions International
In other news, major shareholder Gary S. Winemaster sold 15,181 shares of the company's stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $37.05, for a total transaction of $562,456.05. Following the transaction, the insider now directly owns 2,999,102 shares in the company, valued at approximately $111,116,729.10. This represents a 0.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.60% of the company's stock.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. Heck Capital Advisors LLC acquired a new stake in shares of Power Solutions International in the 4th quarter valued at $94,000. Citadel Advisors LLC acquired a new stake in Power Solutions International in the fourth quarter worth about $366,000. Manatuck Hill Partners LLC bought a new stake in Power Solutions International during the 4th quarter worth about $620,000. Schonfeld Strategic Advisors LLC acquired a new position in Power Solutions International during the 4th quarter valued at about $455,000. Finally, S Squared Technology LLC bought a new position in shares of Power Solutions International in the 4th quarter valued at about $8,718,000. Institutional investors own 22.28% of the company's stock.
About Power Solutions International
(
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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