Shares of Power Solutions International Inc (NASDAQ:PSIX - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $29.83, but opened at $33.06. Power Solutions International shares last traded at $34.40, with a volume of 369,153 shares trading hands.
Power Solutions International Stock Performance
The firm's fifty day moving average is $34.94. The company has a market capitalization of $602.58 million, a price-to-earnings ratio of 11.10 and a beta of 1.04.
Power Solutions International (NASDAQ:PSIX - Get Free Report) last released its earnings results on Monday, March 24th. The company reported $1.03 earnings per share (EPS) for the quarter. Power Solutions International had a return on equity of 293.35% and a net margin of 12.46%. The company had revenue of $144.30 million for the quarter.
Insiders Place Their Bets
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 $109,824,423.96. The trade was a 0.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.60% of the stock is currently owned by company insiders.
Institutional Trading of Power Solutions International
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Astoria Portfolio Advisors LLC. acquired a new stake in shares of Power Solutions International during the 4th quarter worth about $216,000. Evernest Financial Advisors LLC purchased a new position in shares of Power Solutions International during the fourth quarter valued at approximately $223,000. Heck Capital Advisors LLC acquired a new stake in Power Solutions International during the fourth quarter worth approximately $94,000. Gagnon Securities LLC purchased a new stake in Power Solutions International in the 4th quarter worth approximately $25,292,000. Finally, Gagnon Advisors LLC acquired a new position in Power Solutions International in the 4th quarter valued at $13,987,000. 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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