Power Solutions International Inc (NASDAQ:PSIX) Major Shareholder Sells $662,493.72 in Stock

Power Solutions International Inc (NASDAQ:PSIX) major shareholder Gary S. Winemaster sold 17,983 shares of Power Solutions International stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $36.84, for a total value of $662,493.72. Following the completion of the transaction, the insider now owns 2,981,119 shares in the company, valued at $109,824,423.96. The trade was a 0.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large 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 Down 25.8 %

Shares of PSIX stock opened at $31.91 on Tuesday. The firm has a market capitalization of $733.93 million, a PE ratio of 13.52 and a beta of 0.99. Power Solutions International Inc has a twelve month low of $1.89 and a twelve month high of $45.74.

Institutional Trading of Power Solutions International

Hedge funds and other institutional investors have recently bought and sold shares of the company. Heck Capital Advisors LLC bought a new position in Power Solutions International in the fourth quarter worth about $94,000. Spire Wealth Management bought a new position in Power Solutions International in the 4th quarter worth about $96,000. Astoria Portfolio Advisors LLC. acquired a new stake in shares of Power Solutions International in the fourth quarter valued at approximately $216,000. Evernest Financial Advisors LLC bought a new stake in Power Solutions International during the 4th quarter valued at $223,000. Finally, Gagnon Advisors LLC bought a new stake in shares of Power Solutions International during the fourth quarter valued at about $13,987,000. 22.28% of the stock is owned by institutional investors.

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.