Power Solutions International Inc (NASDAQ:PSIX - Get Free Report)'s share price fell 5.6% during trading on Thursday . The company traded as low as $32.50 and last traded at $32.59. 155,392 shares were traded during trading, a decline of 49% from the average session volume of 307,688 shares. The stock had previously closed at $34.52.
Power Solutions International Trading Down 2.3 %
The stock has a market capitalization of $686.09 million, a PE ratio of 12.64 and a beta of 1.04. The business's 50 day moving average price is $35.55.
Insider Activity at Power Solutions International
In other Power Solutions International news, major shareholder Gary S. Winemaster sold 17,983 shares of the firm's stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $36.84, for a total value of $662,493.72. Following the sale, the insider now directly owns 2,981,119 shares of the company's stock, valued at approximately $109,824,423.96. This trade represents a 0.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.60% of the company's stock.
Institutional Trading of Power Solutions International
Several large investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN acquired a new stake in shares of Power Solutions International in the fourth quarter valued at about $33,000. Heck Capital Advisors LLC purchased a new position in Power Solutions International in the 4th quarter worth approximately $94,000. Spire Wealth Management acquired a new stake in Power Solutions International in the fourth quarter valued at approximately $96,000. Astoria Portfolio Advisors LLC. purchased a new stake in shares of Power Solutions International during the fourth quarter valued at approximately $216,000. Finally, Evernest Financial Advisors LLC acquired a new position in shares of Power Solutions International during the fourth quarter worth $223,000. 22.28% of the stock is currently owned by institutional investors and hedge funds.
Power Solutions International Company Profile
(
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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.
Further Reading
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