World Equity Group Inc. Makes New $529,000 Investment in Power Solutions International Inc (NASDAQ:PSIX)

World Equity Group Inc. bought a new stake in shares of Power Solutions International Inc (NASDAQ:PSIX) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 17,794 shares of the company’s stock, valued at approximately $529,000. World Equity Group Inc. owned about 0.08% of Power Solutions International at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in PSIX. Heck Capital Advisors LLC purchased a new position in shares of Power Solutions International during the 4th quarter valued at approximately $94,000. Spire Wealth Management purchased a new position in shares of Power Solutions International during the 4th quarter valued at approximately $96,000. Astoria Portfolio Advisors LLC. purchased a new position in shares of Power Solutions International during the 4th quarter valued at approximately $216,000. Evernest Financial Advisors LLC purchased a new position in shares of Power Solutions International during the 4th quarter valued at approximately $223,000. Finally, Thompson Davis & CO. Inc. purchased a new position in shares of Power Solutions International during the 4th quarter valued at approximately $251,000. 22.28% of the stock is currently owned by hedge funds and other institutional investors.

Power Solutions International Price Performance

Power Solutions International stock opened at $32.50 on Monday. The company has a market cap of $747.50 million, a PE ratio of 13.77 and a beta of 1.03. Power Solutions International Inc has a 52 week low of $1.89 and a 52 week high of $45.74.

Insider Activity

In related news, major shareholder Gary S. Winemaster sold 15,181 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $37.05, for a total transaction of $562,456.05. Following the sale, the insider now directly owns 2,999,102 shares of the company’s stock, valued at approximately $111,116,729.10. This represents a 0.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders sold 50,625 shares of company stock worth $1,683,476. 0.60% of the stock is currently owned by insiders.

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.