Cetera Investment Advisers Makes New $516,000 Investment in Power Solutions International, Inc. (NASDAQ:PSIX)

Cetera Investment Advisers bought a new position in Power Solutions International, Inc. (NASDAQ:PSIX) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 20,403 shares of the company’s stock, valued at approximately $516,000. Cetera Investment Advisers owned about 0.09% of Power Solutions International at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Wells Fargo & Company MN acquired a new position in Power Solutions International in the 4th quarter worth about $33,000. Heck Capital Advisors LLC acquired a new position in Power Solutions International in the 4th quarter worth about $94,000. Spire Wealth Management increased its position in Power Solutions International by 84.5% in the 1st quarter. Spire Wealth Management now owns 5,984 shares of the company’s stock worth $151,000 after purchasing an additional 2,741 shares during the last quarter. D.A. Davidson & CO. acquired a new position in Power Solutions International in the 1st quarter worth about $257,000. Finally, Citadel Advisors LLC acquired a new position in Power Solutions International in the 4th quarter worth about $366,000. 22.28% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Power Solutions International

In other news, Director Frank P. Simpkins sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $94.90, for a total transaction of $474,500.00. Following the completion of the sale, the director owned 35,000 shares in the company, valued at approximately $3,321,500. This represents a 12.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Hong He sold 2,500 shares of the company’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $90.03, for a total value of $225,075.00. Following the sale, the director owned 26,250 shares of the company’s stock, valued at approximately $2,363,287.50. This trade represents a 8.70% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,505 shares of company stock worth $3,192,154. 0.96% of the stock is owned by corporate insiders.

Power Solutions International Stock Performance

Shares of PSIX stock opened at $85.67 on Friday. The firm has a market cap of $1.97 billion, a P/E ratio of 17.81 and a beta of 1.47. The stock’s 50-day moving average is $75.31 and its two-hundred day moving average is $47.04. 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 current ratio of 1.26 and a quick ratio of 0.67.

Power Solutions International (NASDAQ:PSIX) last released its quarterly earnings results on Thursday, August 7th. The company reported $2.23 earnings per share (EPS) 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%.

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.