Power Solutions International Inc (NASDAQ:PSIX - Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $33.37, but opened at $35.77. Power Solutions International shares last traded at $33.66, with a volume of 64,547 shares trading hands.
Power Solutions International Stock Down 13.4 %
The company's 50-day moving average is $36.19. The stock has a market cap of $619.62 million, a P/E ratio of 11.42 and a beta of 1.03.
Insider Buying and Selling
In other Power Solutions International news, major shareholder Gary S. Winemaster sold 17,461 shares of the company's stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $26.26, for a total value of $458,525.86. Following the sale, the insider now owns 3,053,551 shares in the company, valued at approximately $80,186,249.26. This represents a 0.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 50,625 shares of company stock worth $1,683,476 in the last three months. 0.60% of the stock is owned by corporate insiders.
Institutional Trading of Power Solutions International
Several hedge funds and other institutional investors have recently made changes to their positions in PSIX. Gagnon Advisors LLC bought a new stake in Power Solutions International in the fourth quarter worth $13,987,000. World Equity Group Inc. bought a new position in Power Solutions International in the 4th quarter worth about $529,000. Gagnon Securities LLC purchased a new stake in Power Solutions International during the 4th quarter valued at about $25,292,000. Evernest Financial Advisors LLC bought a new stake in Power Solutions International during the 4th quarter valued at about $223,000. Finally, Thompson Davis & CO. Inc. purchased a new position in Power Solutions International in the fourth quarter worth about $251,000. Hedge funds and other 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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