8,450 Shares in Power Solutions International Inc (NASDAQ:PSIX) Bought by Thompson Davis & CO. Inc.

Thompson Davis & CO. Inc. purchased a new position in shares of Power Solutions International Inc (NASDAQ:PSIX) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 8,450 shares of the company’s stock, valued at approximately $251,000.

Other large investors have also recently bought and sold shares of the company. Heck Capital Advisors LLC acquired a new stake in Power Solutions International during the 4th quarter worth about $94,000. Spire Wealth Management acquired a new stake in Power Solutions International during the 4th quarter worth about $96,000. Astoria Portfolio Advisors LLC. acquired a new stake in Power Solutions International during the 4th quarter worth about $216,000. Evernest Financial Advisors LLC acquired a new stake in Power Solutions International during the 4th quarter worth about $223,000. Finally, Gagnon Advisors LLC acquired a new stake in Power Solutions International during the 4th quarter worth about $13,987,000. 22.28% of the stock is currently owned by institutional investors and hedge funds.

Power Solutions International Price Performance

Shares of Power Solutions International stock opened at $32.50 on Friday. Power Solutions International Inc has a 1-year low of $1.89 and a 1-year high of $45.74. The stock has a market cap of $747.50 million, a price-to-earnings ratio of 13.77 and a beta of 1.03.

Insiders Place Their Bets

In other news, major shareholder Gary S. Winemaster sold 15,181 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 2,999,102 shares in the company, valued at $111,116,729.10. This trade represents a 0.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In the last ninety days, insiders sold 50,625 shares of company stock worth $1,683,476. Company insiders own 0.60% of the company’s stock.

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.