Power Solutions International Inc (NASDAQ:PSIX) Major Shareholder Sells $46,540.00 in Stock

Power Solutions International Inc (NASDAQ:PSIX) major shareholder Gary S. Winemaster sold 2,000 shares of the firm’s stock in a transaction on Friday, April 11th. The shares were sold at an average price of $23.27, for a total transaction of $46,540.00. Following the sale, the insider now owns 2,944,281 shares in the company, valued at approximately $68,513,418.87. This represents a 0.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Power Solutions International Stock Performance

Shares of PSIX opened at $24.38 on Thursday. The firm has a market capitalization of $560.94 million, a price-to-earnings ratio of 10.33 and a beta of 0.80. Power Solutions International Inc has a 12 month low of $2.00 and a 12 month high of $45.74. The firm has a 50 day simple moving average of $29.74.

Power Solutions International (NASDAQ:PSIX) last released its quarterly earnings results on Monday, March 24th. The company reported $1.03 earnings per share (EPS) for the quarter. The firm had revenue of $144.30 million for the quarter. Power Solutions International had a net margin of 12.46% and a return on equity of 293.35%.

Institutional Trading of Power Solutions International

A number of institutional investors and hedge funds have recently modified their holdings of PSIX. Wells Fargo & Company MN purchased a new position in Power Solutions International in the 4th quarter valued at about $33,000. Heck Capital Advisors LLC purchased a new stake in Power Solutions International during the 4th quarter worth approximately $94,000. Spire Wealth Management acquired a new position in shares of Power Solutions International during the fourth quarter valued at approximately $96,000. Astoria Portfolio Advisors LLC. purchased a new position in shares of Power Solutions International in the fourth quarter valued at approximately $216,000. Finally, Evernest Financial Advisors LLC acquired a new stake in shares of Power Solutions International in the fourth quarter worth approximately $223,000. Hedge funds and other institutional investors own 22.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum restated a “buy” rating on shares of Power Solutions International in a research report on Tuesday, March 25th.

Power Solutions International Company Profile

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.