Insider Selling: Power Solutions International Inc (NASDAQ:PSIX) Major Shareholder Sells 15,181 Shares of Stock

Power Solutions International Inc (NASDAQ:PSIX) major shareholder Gary S. Winemaster sold 15,181 shares of the stock in a transaction dated 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 owns 2,999,102 shares of the company’s stock, valued at approximately $111,116,729.10. The trade was a 0.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Power Solutions International Stock Performance

Shares of Power Solutions International stock opened at $35.05 on Friday. Power Solutions International Inc has a 1-year low of $1.70 and a 1-year high of $38.87. The company has a market cap of $806.15 million, a PE ratio of 14.85 and a beta of 0.99.

Hedge Funds Weigh In On Power Solutions International

An institutional investor recently bought a new position in Power Solutions International stock. Astoria Portfolio Advisors LLC. purchased a new stake in shares of Power Solutions International Inc (NASDAQ:PSIX) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 7,277 shares of the company’s stock, valued at approximately $216,000. 22.28% of the stock is owned by institutional investors.

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.