Perritt Capital Management Inc Purchases Shares of 15,000 Power Solutions International Inc (NASDAQ:PSIX)

Perritt Capital Management Inc acquired a new stake in shares of Power Solutions International Inc (NASDAQ:PSIX) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,000 shares of the company’s stock, valued at approximately $446,000. Perritt Capital Management Inc owned 0.07% of Power Solutions International at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Heck Capital Advisors LLC acquired a new position in Power Solutions International during the 4th quarter worth approximately $94,000. Spire Wealth Management bought a new stake in shares of Power Solutions International during the fourth quarter valued at approximately $96,000. Astoria Portfolio Advisors LLC. acquired a new position in shares of Power Solutions International during the fourth quarter worth approximately $216,000. Evernest Financial Advisors LLC bought a new position in shares of Power Solutions International in the 4th quarter worth $223,000. Finally, Thompson Davis & CO. Inc. acquired a new stake in Power Solutions International in the 4th quarter valued at $251,000. Institutional investors own 22.28% of the company’s stock.

Power Solutions International Stock Up 2.5 %

Shares of PSIX stock opened at $25.92 on Wednesday. Power Solutions International Inc has a 12 month low of $2.00 and a 12 month high of $45.74. The company has a market cap of $596.37 million, a price-to-earnings ratio of 10.98 and a beta of 1.04. The company’s fifty day simple moving average is $34.54.

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

Insiders Place Their Bets

In related news, major shareholder Gary S. Winemaster sold 15,181 shares of Power Solutions International stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $37.05, for a total transaction of $562,456.05. Following the transaction, the insider now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.60% of the company’s stock.

About Power Solutions International

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.