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

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

Power Solutions International Trading Down 4.6 %

The firm’s 50 day moving average price is $35.55. The company has a market capitalization of $702.42 million, a P/E ratio of 12.94 and a beta of 1.04.

Insider Activity

In related news, major shareholder Gary S. Winemaster sold 17,983 shares of the business’s 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 owns 2,981,119 shares in the company, valued at $109,824,423.96. The trade was a 0.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders sold 50,625 shares of company stock valued at $1,683,476. Insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Gagnon Securities LLC purchased a new position in shares of Power Solutions International during the 4th quarter worth approximately $25,292,000. Gagnon Advisors LLC purchased a new position in shares of Power Solutions International during the 4th quarter worth approximately $13,987,000. Portolan Capital Management LLC purchased a new position in shares of Power Solutions International during the 4th quarter worth approximately $10,153,000. S Squared Technology LLC purchased a new position in shares of Power Solutions International during the 4th quarter worth approximately $8,718,000. Finally, O Shaughnessy Asset Management LLC purchased a new position in shares of Power Solutions International during the 4th quarter worth approximately $2,168,000. Hedge funds and other 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.