Power Solutions International (NASDAQ:PSIX) Trading Down 5.6% – Time to Sell?

Power Solutions International Inc (NASDAQ:PSIX) shares were down 5.6% during trading on Thursday . The company traded as low as $32.50 and last traded at $32.59. Approximately 155,392 shares were traded during mid-day trading, a decline of 49% from the average daily volume of 307,688 shares. The stock had previously closed at $34.52.

Power Solutions International Stock Down 4.6 %

The company has a 50-day moving average of $35.55. The company has a market capitalization of $702.42 million, a PE ratio of 12.94 and a beta of 1.04.

Insider Transactions at Power Solutions International

In related news, major shareholder Gary S. Winemaster sold 15,181 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 2,999,102 shares of the company’s stock, 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 SEC, which can be accessed through this hyperlink. Insiders have sold a total of 50,625 shares of company stock valued at $1,683,476 in the last ninety days. 0.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Power Solutions International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PSIX. Wells Fargo & Company MN bought a new position in Power Solutions International in the 4th quarter valued at approximately $33,000. Heck Capital Advisors LLC bought a new position in Power Solutions International in the 4th quarter valued at approximately $94,000. Spire Wealth Management bought a new position in shares of Power Solutions International during the 4th quarter valued at $96,000. Astoria Portfolio Advisors LLC. bought a new position in shares of Power Solutions International during the 4th quarter valued at $216,000. Finally, Evernest Financial Advisors LLC bought a new position in shares of Power Solutions International during the 4th quarter valued at $223,000. 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.