World Equity Group Inc. purchased a new stake in Power Solutions International Inc (NASDAQ:PSIX - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 17,794 shares of the company's stock, valued at approximately $529,000. World Equity Group Inc. owned approximately 0.08% of Power Solutions International at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Gagnon Securities LLC bought a new stake in Power Solutions International during the fourth quarter worth about $25,292,000. Gagnon Advisors LLC bought a new stake in Power Solutions International during the fourth quarter worth about $13,987,000. Thompson Davis & CO. Inc. bought a new stake in Power Solutions International during the fourth quarter worth about $251,000. Evernest Financial Advisors LLC bought a new stake in Power Solutions International during the fourth quarter worth about $223,000. Finally, Astoria Portfolio Advisors LLC. bought a new stake in Power Solutions International during the fourth quarter worth about $216,000. 22.28% of the stock is currently owned by institutional investors.
Power Solutions International Trading Down 2.8 %
PSIX traded down $0.97 on Thursday, hitting $33.24. 158,069 shares of the company were exchanged, compared to its average volume of 339,236. Power Solutions International Inc has a 12 month low of $1.89 and a 12 month high of $45.74. The company has a market cap of $764.52 million, a P/E ratio of 14.08 and a beta of 1.03. The company has a fifty day moving average price of $36.66.
Insider Buying and Selling
In related news, major shareholder Gary S. Winemaster sold 17,983 shares of the company's stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $36.84, for a total transaction of $662,493.72. Following the sale, the insider now owns 2,981,119 shares in the company, valued at approximately $109,824,423.96. This represents a 0.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have sold 50,625 shares of company stock worth $1,683,476. Corporate insiders own 0.60% of the company's stock.
About Power Solutions International
(
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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