Power Solutions International (NASDAQ:PSIX) Shares Gap Up – Here’s Why

Shares of Power Solutions International Inc (NASDAQ:PSIX) gapped up prior to trading on Tuesday . The stock had previously closed at $47.90, but opened at $49.26. Power Solutions International shares last traded at $48.80, with a volume of 62,858 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Craig Hallum restated a “buy” rating on shares of Power Solutions International in a report on Tuesday, March 25th.

Power Solutions International Price Performance

The firm has a market capitalization of $1.15 billion, a P/E ratio of 21.18 and a beta of 1.26. The firm’s 50-day moving average is $31.86.

Power Solutions International (NASDAQ:PSIX) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.83 EPS for the quarter. The company had revenue of $135.45 million during the quarter. Power Solutions International had a return on equity of 293.35% and a net margin of 12.46%.

Insider Activity at Power Solutions International

In other Power Solutions International news, major shareholder Gary S. Winemaster sold 2,000 shares of the firm’s stock in a transaction on Friday, April 11th. The stock was sold at an average price of $23.27, for a total value of $46,540.00. Following the completion of the sale, the insider now directly owns 2,944,281 shares of the company’s stock, valued at $68,513,418.87. This trade represents a 0.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.60% of the stock is currently owned by company insiders.

Institutional Trading of Power Solutions International

A number of large investors have recently bought and sold shares of the company. Portolan Capital Management LLC purchased a new stake in Power Solutions International in the fourth quarter worth $10,153,000. S Squared Technology LLC purchased a new stake in Power Solutions International in the fourth quarter worth $8,718,000. O Shaughnessy Asset Management LLC purchased a new stake in Power Solutions International in the fourth quarter worth $2,168,000. Marshall Wace LLP purchased a new stake in Power Solutions International in the fourth quarter worth $2,130,000. Finally, Independent Advisor Alliance purchased a new stake in Power Solutions International in the first quarter worth $1,086,000. 22.28% of the stock is owned by hedge funds and other institutional investors.

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.