Power Solutions International (NASDAQ:PSIX) Shares Gap Down – What’s Next?

Power Solutions International Inc (NASDAQ:PSIX) gapped down prior to trading on Wednesday . The stock had previously closed at $25.92, but opened at $24.67. Power Solutions International shares last traded at $25.45, with a volume of 25,261 shares trading hands.

Power Solutions International Price Performance

The company’s fifty day moving average price is $34.54. The firm has a market capitalization of $587.16 million, a price-to-earnings ratio of 10.81 and a beta of 1.04.

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

Insider Buying and Selling

In other news, major shareholder Gary S. Winemaster sold 15,181 shares of the business’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $37.05, for a total transaction of $562,456.05. Following the completion of the sale, the insider now directly 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Gagnon Securities LLC purchased a new position in shares of Power Solutions International in the 4th quarter worth about $25,292,000. Gagnon Advisors LLC purchased a new position in Power Solutions International in the fourth quarter valued at about $13,987,000. Portolan Capital Management LLC acquired a new position in shares of Power Solutions International during the fourth quarter worth about $10,153,000. S Squared Technology LLC purchased a new stake in shares of Power Solutions International during the 4th quarter valued at about $8,718,000. Finally, O Shaughnessy Asset Management LLC purchased a new position in Power Solutions International in the 4th quarter worth approximately $2,168,000. Institutional investors and hedge funds own 22.28% of the company’s stock.

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.