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

Shares of Power Solutions International Inc (NASDAQ:PSIX) gapped down before the market opened on Monday . The stock had previously closed at $27.45, but opened at $26.05. Power Solutions International shares last traded at $25.57, with a volume of 55,402 shares.

Power Solutions International Stock Up 6.9 %

The company has a market capitalization of $666.54 million, a P/E ratio of 12.28 and a beta of 1.04. The business has a fifty day simple moving average of $35.65.

Insider Buying and Selling

In other news, major shareholder Gary S. Winemaster sold 17,983 shares of Power Solutions International stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $36.84, for a total value of $662,493.72. Following the completion of the transaction, the insider now owns 2,981,119 shares in the company, valued at approximately $109,824,423.96. This trade represents a 0.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders sold 50,625 shares of company stock worth $1,683,476. Corporate insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Power Solutions International

Several institutional investors and hedge funds have recently made changes to their positions in the company. Astoria Portfolio Advisors LLC. acquired a new position in Power Solutions International in the fourth quarter worth $216,000. Evernest Financial Advisors LLC bought a new position in shares of Power Solutions International in the 4th quarter worth about $223,000. Heck Capital Advisors LLC acquired a new position in shares of Power Solutions International in the 4th quarter valued at about $94,000. Gagnon Securities LLC bought a new stake in shares of Power Solutions International during the 4th quarter valued at about $25,292,000. Finally, Gagnon Advisors LLC acquired a new stake in Power Solutions International during the fourth quarter worth about $13,987,000. 22.28% of the stock is owned by institutional investors and hedge funds.

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.