Power Solutions International Inc (NASDAQ:PSIX - Get Free Report) dropped 5.9% during mid-day trading on Wednesday . The stock traded as low as $38.50 and last traded at $39.00. Approximately 272,460 shares changed hands during trading, a decline of 26% from the average daily volume of 369,432 shares. The stock had previously closed at $41.45.
Power Solutions International Stock Performance
The stock has a market cap of $889.41 million, a PE ratio of 16.39 and a beta of 1.03.
Insider Activity at Power Solutions International
In related news, major shareholder Gary S. Winemaster sold 17,461 shares of the business's stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $26.26, for a total transaction of $458,525.86. Following the completion of the sale, the insider now directly owns 3,053,551 shares in the company, valued at approximately $80,186,249.26. The trade was a 0.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders sold 50,625 shares of company stock worth $1,683,476. 0.60% of the stock is owned by company insiders.
Hedge Funds Weigh In On Power Solutions International
Several large investors have recently added to or reduced their stakes in PSIX. Astoria Portfolio Advisors LLC. purchased a new position in Power Solutions International during the fourth quarter valued at approximately $216,000. Evernest Financial Advisors LLC purchased a new position in Power Solutions International during the fourth quarter valued at approximately $223,000. Heck Capital Advisors LLC purchased a new position in Power Solutions International during the fourth quarter valued at approximately $94,000. Gagnon Securities LLC purchased a new position in Power Solutions International during the fourth quarter valued at approximately $25,292,000. Finally, Gagnon Advisors LLC purchased a new position in Power Solutions International during the fourth quarter valued at approximately $13,987,000. Hedge funds and other institutional investors own 22.28% of the company's stock.
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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