Power Solutions International Inc (NASDAQ:PSIX - Get Free Report)'s share price shot up 11.3% during trading on Wednesday . The company traded as high as $33.87 and last traded at $33.87. 97,961 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 340,003 shares. The stock had previously closed at $30.43.
Power Solutions International Price Performance
The stock has a fifty day simple moving average of $36.58. The company has a market capitalization of $767.51 million, a P/E ratio of 14.14 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 firm's stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $26.26, for a total transaction of $458,525.86. Following the sale, the insider now directly owns 3,053,551 shares of the company's stock, valued at $80,186,249.26. This trade represents a 0.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders have sold 50,625 shares of company stock valued at $1,683,476. 0.60% of the stock is owned by company insiders.
Institutional Investors Weigh In On Power Solutions International
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Gagnon Securities LLC bought a new stake in Power Solutions International during the fourth quarter valued at about $25,292,000. Gagnon Advisors LLC bought a new stake in Power Solutions International during the fourth quarter valued at about $13,987,000. Portolan Capital Management LLC bought a new stake in Power Solutions International during the fourth quarter valued at about $10,153,000. S Squared Technology LLC bought a new stake in Power Solutions International during the fourth quarter valued at about $8,718,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in Power Solutions International during the fourth quarter valued at about $2,168,000. 22.28% of the stock is owned by 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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