Power Solutions International, Inc. (NASDAQ:PSIX) CEO Sells $2,492,579.25 in Stock

Power Solutions International, Inc. (NASDAQ:PSIX) CEO Constantine Xykis sold 26,005 shares of Power Solutions International stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $95.85, for a total value of $2,492,579.25. Following the sale, the chief executive officer directly owned 7,854 shares of the company’s stock, valued at $752,805.90. This represents a 76.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Power Solutions International Stock Up 5.5%

PSIX opened at $85.67 on Friday. Power Solutions International, Inc. has a fifty-two week low of $14.26 and a fifty-two week high of $121.78. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.67 and a current ratio of 1.26. The company has a market capitalization of $1.97 billion, a P/E ratio of 17.81 and a beta of 1.47. The stock has a fifty day moving average of $75.31 and a 200-day moving average of $47.04.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PSIX. Wells Fargo & Company MN bought a new position in shares of Power Solutions International in the fourth quarter worth $33,000. Marshall Wace LLP bought a new position in shares of Power Solutions International in the fourth quarter worth $2,130,000. S Squared Technology LLC bought a new position in shares of Power Solutions International in the fourth quarter worth $8,718,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Power Solutions International in the fourth quarter worth $455,000. Finally, Manatuck Hill Partners LLC bought a new position in shares of Power Solutions International in the fourth quarter worth $620,000. 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.