Power Solutions International (NASDAQ:PSIX) Shares Gap Down – Here’s What Happened

Power Solutions International Inc (NASDAQ:PSIX)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $27.45, but opened at $26.05. Power Solutions International shares last traded at $25.57, with a volume of 55,402 shares.

Power Solutions International Trading Down 4.5 %

The business has a fifty day moving average of $35.83. The stock has a market capitalization of $603.06 million, a PE ratio of 11.11 and a beta of 1.04.

Insider Transactions at Power Solutions International

In related news, major shareholder Gary S. Winemaster sold 17,983 shares of Power Solutions International stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $36.84, for a total transaction of $662,493.72. Following the transaction, the insider now directly owns 2,981,119 shares of the company’s stock, valued at $109,824,423.96. The trade was a 0.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 50,625 shares of company stock valued at $1,683,476. Corporate insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Power Solutions International

Large investors have recently made changes to their positions in the business. Wells Fargo & Company MN acquired a new stake in Power Solutions International during the fourth quarter valued at approximately $33,000. Heck Capital Advisors LLC bought a new position in shares of Power Solutions International in the fourth quarter valued at $94,000. Spire Wealth Management acquired a new stake in shares of Power Solutions International during the 4th quarter valued at $96,000. Astoria Portfolio Advisors LLC. bought a new stake in shares of Power Solutions International during the 4th quarter worth $216,000. Finally, Evernest Financial Advisors LLC bought a new stake in shares of Power Solutions International during the 4th quarter worth $223,000. Institutional investors own 22.28% of the company’s stock.

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.