Power Solutions International (NASDAQ:PSIX) Shares Down 7.6% – Time to Sell?

Shares of Power Solutions International Inc (NASDAQ:PSIX) were down 7.6% on Thursday . The stock traded as low as $28.07 and last traded at $28.74. Approximately 29,182 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 322,970 shares. The stock had previously closed at $31.10.

Power Solutions International Trading Up 1.9 %

The firm has a market cap of $631.35 million, a PE ratio of 11.63 and a beta of 1.04. The firm has a 50 day simple moving average of $36.00.

Insider Buying and Selling

In related news, major shareholder Gary S. Winemaster sold 15,181 shares of Power Solutions International stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $37.05, for a total value of $562,456.05. Following the completion of the sale, the insider now owns 2,999,102 shares of the company’s stock, valued at $111,116,729.10. The trade was a 0.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 50,625 shares of company stock valued at $1,683,476 over the last 90 days. Company insiders own 0.60% of the company’s stock.

Institutional Trading of Power Solutions International

Several large investors have recently modified their holdings of PSIX. Gagnon Securities LLC bought a new stake in Power Solutions International during the fourth quarter valued at about $25,292,000. Gagnon Advisors LLC bought a new stake in Power Solutions International during the fourth quarter valued at about $13,987,000. Portolan Capital Management LLC bought a new stake in Power Solutions International during the fourth quarter valued at about $10,153,000. S Squared Technology LLC bought a new stake in Power Solutions International during the fourth quarter valued at about $8,718,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in Power Solutions International during the fourth quarter valued at about $2,168,000. Institutional investors 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.