Gagnon Securities LLC Buys Shares of 850,146 Power Solutions International Inc (NASDAQ:PSIX)

Gagnon Securities LLC bought a new stake in Power Solutions International Inc (NASDAQ:PSIX) during the 4th quarter, Holdings Channel.com reports. The firm bought 850,146 shares of the company’s stock, valued at approximately $25,292,000. Power Solutions International comprises approximately 5.1% of Gagnon Securities LLC’s holdings, making the stock its 6th biggest position.

Other institutional investors have also recently bought and sold shares of the company. Heck Capital Advisors LLC bought a new stake in Power Solutions International in the 4th quarter valued at approximately $94,000. Astoria Portfolio Advisors LLC. bought a new stake in shares of Power Solutions International during the 4th quarter worth approximately $216,000. Finally, Evernest Financial Advisors LLC bought a new stake in shares of Power Solutions International during the 4th quarter worth approximately $223,000. Institutional investors own 22.28% of the company’s stock.

Insider Transactions at Power Solutions International

In related news, major shareholder Gary S. Winemaster sold 15,181 shares of the stock in a transaction 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 sale, the insider now owns 2,999,102 shares in the company, valued at approximately $111,116,729.10. This represents a 0.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 50,625 shares of company stock worth $1,683,476 in the last 90 days. Corporate insiders own 0.60% of the company’s stock.

Power Solutions International Trading Up 1.0 %

Shares of Power Solutions International stock opened at $42.31 on Friday. Power Solutions International Inc has a 12-month low of $1.89 and a 12-month high of $45.74. The company has a market cap of $973.13 million, a PE ratio of 17.93 and a beta of 0.99.

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.