Power Solutions International Inc (NASDAQ:PSIX - Get Free Report) shot up 8% during trading on Monday . The company traded as high as $33.91 and last traded at $32.92. 33,092 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 307,803 shares. The stock had previously closed at $30.49.
Power Solutions International Price Performance
The business's 50 day moving average price is $35.66. The firm has a market capitalization of $702.42 million, a PE ratio of 12.94 and a beta of 1.04.
Insider Buying and Selling at Power Solutions International
In other news, major shareholder Gary S. Winemaster sold 15,181 shares of the business's stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $37.05, for a total value of $562,456.05. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have sold 50,625 shares of company stock valued at $1,683,476 over the last quarter. Corporate insiders own 0.60% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in PSIX. Gagnon Securities LLC purchased a new stake in shares of Power Solutions International during the fourth quarter worth about $25,292,000. Gagnon Advisors LLC purchased a new position in shares of Power Solutions International during the fourth quarter valued at approximately $13,987,000. Portolan Capital Management LLC acquired a new stake in Power Solutions International during the fourth quarter worth approximately $10,153,000. S Squared Technology LLC purchased a new stake in Power Solutions International in the 4th quarter worth approximately $8,718,000. Finally, O Shaughnessy Asset Management LLC acquired a new position in Power Solutions International in the 4th quarter valued at $2,168,000. Institutional investors and hedge funds 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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