Gary S. Winemaster Sells 17,983 Shares of Power Solutions International Inc (NASDAQ:PSIX) Stock

Power Solutions International Inc (NASDAQ:PSIX) major shareholder Gary S. Winemaster sold 17,983 shares of Power Solutions International 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 sale, the insider now directly owns 2,981,119 shares of the company’s stock, 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 SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Power Solutions International Stock Up 22.1 %

Shares of PSIX stock opened at $38.96 on Wednesday. The stock has a market cap of $896.08 million, a P/E ratio of 16.51 and a beta of 0.99. Power Solutions International Inc has a 52 week low of $1.89 and a 52 week high of $45.74.

Institutional Trading of Power Solutions International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Heck Capital Advisors LLC acquired a new stake in Power Solutions International in the 4th quarter worth about $94,000. Spire Wealth Management acquired a new stake in Power Solutions International in the 4th quarter worth about $96,000. Astoria Portfolio Advisors LLC. acquired a new stake in Power Solutions International in the 4th quarter worth about $216,000. Evernest Financial Advisors LLC acquired a new stake in Power Solutions International in the 4th quarter worth about $223,000. Finally, Gagnon Advisors LLC acquired a new stake in Power Solutions International in the 4th quarter worth about $13,987,000. Institutional investors and hedge funds own 22.28% 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.