Gagnon Advisors LLC Takes Position in Power Solutions International Inc (NASDAQ:PSIX)

Gagnon Advisors LLC purchased a new position in shares of Power Solutions International Inc (NASDAQ:PSIX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 470,165 shares of the company’s stock, valued at approximately $13,987,000. Power Solutions International makes up approximately 9.0% of Gagnon Advisors LLC’s portfolio, making the stock its 2nd biggest position.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Gagnon Securities LLC acquired a new stake in shares of Power Solutions International in the fourth quarter valued at approximately $25,292,000. Heck Capital Advisors LLC purchased a new stake in Power Solutions International in the 4th quarter valued at approximately $94,000. Evernest Financial Advisors LLC acquired a new stake in Power Solutions International during the 4th quarter valued at $223,000. Finally, Astoria Portfolio Advisors LLC. purchased a new position in Power Solutions International during the fourth quarter worth $216,000. Institutional investors and hedge funds own 22.28% of the company’s stock.

Insider Transactions at Power Solutions International

In other news, major shareholder Gary S. Winemaster sold 15,181 shares of the company’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $37.05, for a total transaction of $562,456.05. Following the completion of the transaction, the insider now owns 2,999,102 shares of the company’s stock, valued at $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 is available through this link. Insiders sold a total of 50,625 shares of company stock worth $1,683,476 over the last ninety days. 0.60% of the stock is currently owned by corporate insiders.

Power Solutions International Trading Up 1.0 %

PSIX opened at $42.31 on Friday. Power Solutions International Inc has a 52 week low of $1.89 and a 52 week high of $45.74. The firm has a market cap of $973.13 million, a P/E ratio of 17.93 and a beta of 0.99.

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.