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

Shares of Power Solutions International Inc (NASDAQ:PSIX) gapped up before the market opened on Tuesday . The stock had previously closed at $29.83, but opened at $33.06. Power Solutions International shares last traded at $34.40, with a volume of 369,153 shares traded.

Power Solutions International Price Performance

The stock’s fifty day moving average price is $35.25. The stock has a market capitalization of $691.61 million, a PE ratio of 12.74 and a beta of 1.04.

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

Insider Activity at Power Solutions International

In other Power Solutions International 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 value of $562,456.05. Following the completion of the transaction, the insider now directly owns 2,999,102 shares in the company, 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 legal filing with the SEC, which is available at this link. Insiders own 0.60% of the company’s stock.

Institutional Trading of Power Solutions International

Several large investors have recently added to or reduced their stakes in the business. Astoria Portfolio Advisors LLC. bought a new position in shares of Power Solutions International in the fourth quarter valued at approximately $216,000. Evernest Financial Advisors LLC bought a new position in Power Solutions International during the 4th quarter valued at $223,000. Heck Capital Advisors LLC acquired a new position in shares of Power Solutions International during the 4th quarter valued at $94,000. Gagnon Securities LLC acquired a new stake in shares of Power Solutions International in the fourth quarter valued at $25,292,000. Finally, Gagnon Advisors LLC bought a new position in Power Solutions International during the fourth quarter valued at about $13,987,000. 22.28% of the stock is currently owned by institutional investors and hedge funds.

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.