Power Solutions International Inc (NASDAQ:PSIX - Get Free Report)'s stock price dropped 9.9% during trading on Tuesday . The company traded as low as $29.00 and last traded at $29.64. Approximately 182,996 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 342,708 shares. The stock had previously closed at $32.90.
Power Solutions International Stock Up 0.4 %
The stock's 50 day simple moving average is $36.66. The company has a market capitalization of $767.51 million, a PE ratio of 14.14 and a beta of 1.03.
Insider Activity
In related news, major shareholder Gary S. Winemaster sold 17,461 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $26.26, for a total value of $458,525.86. Following the transaction, the insider now directly owns 3,053,551 shares in the company, valued at $80,186,249.26. This trade represents a 0.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 50,625 shares of company stock worth $1,683,476 in the last three months. Company insiders own 0.60% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN bought a new stake in Power Solutions International during the 4th quarter worth approximately $33,000. Heck Capital Advisors LLC purchased a new position in shares of Power Solutions International during the fourth quarter valued at approximately $94,000. Spire Wealth Management bought a new stake in Power Solutions International during the fourth quarter worth $96,000. Astoria Portfolio Advisors LLC. purchased a new stake in Power Solutions International in the 4th quarter valued at $216,000. Finally, Evernest Financial Advisors LLC bought a new position in Power Solutions International during the 4th quarter valued at $223,000. Institutional investors and hedge funds own 22.28% of the company's stock.
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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