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

Power Solutions International Inc (NASDAQ:PSIX)’s share price 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 changing hands.

Power Solutions International Stock Performance

The company has a market capitalization of $587.16 million, a price-to-earnings ratio of 10.81 and a beta of 1.04. The firm has a 50-day moving average price of $34.54.

Power Solutions International (NASDAQ:PSIX) last announced its quarterly earnings data 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 return on equity of 293.35% and a net margin of 12.46%.

Insiders Place Their Bets

In other news, major shareholder Gary S. Winemaster sold 17,983 shares of the company’s stock in a transaction that occurred 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 sale, the insider now directly owns 2,981,119 shares of the company’s stock, valued at approximately $109,824,423.96. This represents a 0.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Power Solutions International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Astoria Portfolio Advisors LLC. acquired a new position in Power Solutions International during the fourth quarter worth about $216,000. Evernest Financial Advisors LLC acquired a new position in shares of Power Solutions International in the fourth quarter worth about $223,000. Heck Capital Advisors LLC purchased a new position in shares of Power Solutions International in the fourth quarter worth approximately $94,000. Gagnon Securities LLC acquired a new stake in shares of Power Solutions International during the fourth quarter valued at approximately $25,292,000. Finally, Gagnon Advisors LLC purchased a new stake in shares of Power Solutions International in the 4th quarter valued at approximately $13,987,000. Institutional investors 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.