Shares of Power Solutions International Inc (NASDAQ:PSIX - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $41.48, but opened at $43.44. Power Solutions International shares last traded at $43.38, with a volume of 45,834 shares traded.
Power Solutions International Stock Performance
The stock has a market capitalization of $998.20 million, a P/E ratio of 18.39 and a beta of 1.03.
Insider Activity at Power Solutions International
In other Power Solutions International news, major shareholder Gary S. Winemaster sold 15,181 shares of Power Solutions International stock in a transaction 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 of the company's stock, valued at $111,116,729.10. The trade was a 0.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders sold 50,625 shares of company stock valued at $1,683,476. 0.60% of the stock is owned by company insiders.
Hedge Funds Weigh In On Power Solutions International
A number of hedge funds have recently bought and sold shares of the company. World Equity Group Inc. purchased a new position in Power Solutions International during the 4th quarter worth $529,000. Thompson Davis & CO. Inc. purchased a new position in Power Solutions International during the 4th quarter worth $251,000. Spire Wealth Management bought a new stake in shares of Power Solutions International during the 4th quarter worth $96,000. Gagnon Advisors LLC bought a new stake in shares of Power Solutions International during the 4th quarter worth $13,987,000. Finally, Gagnon Securities LLC bought a new stake in shares of Power Solutions International during the 4th quarter worth $25,292,000. 22.28% of the stock is owned by hedge funds and other 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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