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 on Tuesday, January 14th. The shares were sold at an average price of $37.05, for a total value 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 $111,116,729.10. The trade was a 0.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Power Solutions International Trading Down 2.6 %

Shares of PSIX stock traded down $0.92 on Friday, reaching $35.05. 163,564 shares of the company’s stock traded hands, compared to its average volume of 305,569. The company has a market capitalization of $806.15 million, a price-to-earnings ratio of 14.85 and a beta of 0.99. Power Solutions International Inc has a 12-month low of $1.70 and a 12-month high of $38.87.

Institutional Investors 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 position in shares of Power Solutions International Inc (NASDAQ:PSIX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,277 shares of the company’s stock, valued at approximately $216,000. 22.28% of the stock is owned by hedge funds and other 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.