Power Solutions International, Inc. (NASDAQ:PSIX) Director Frank P. Simpkins Sells 5,000 Shares

Power Solutions International, Inc. (NASDAQ:PSIX) Director Frank P. Simpkins sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $94.90, for a total value of $474,500.00. Following the completion of the sale, the director owned 35,000 shares of the company’s stock, valued at $3,321,500. The trade was a 12.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Power Solutions International Stock Performance

NASDAQ:PSIX opened at $85.67 on Friday. The business has a 50 day moving average of $75.31 and a 200 day moving average of $46.99. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 17.81 and a beta of 1.47. Power Solutions International, Inc. has a 1-year low of $14.26 and a 1-year high of $121.78. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.26 and a quick ratio of 0.67.

Power Solutions International (NASDAQ:PSIX) last released its earnings results on Thursday, August 7th. The company reported $2.23 earnings per share for the quarter. The company had revenue of $191.91 million during the quarter. Power Solutions International had a return on equity of 136.57% and a net margin of 18.56%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PSIX. Wells Fargo & Company MN bought a new position in shares of Power Solutions International during the fourth quarter valued at about $33,000. Marshall Wace LLP bought a new position in shares of Power Solutions International during the fourth quarter valued at about $2,130,000. S Squared Technology LLC bought a new position in shares of Power Solutions International during the fourth quarter valued at about $8,718,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Power Solutions International during the fourth quarter valued at about $455,000. Finally, Manatuck Hill Partners LLC bought a new position in shares of Power Solutions International during the fourth quarter valued at about $620,000. 22.28% of the stock is owned by 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.