293,034 Shares in Power Solutions International Inc (NASDAQ:PSIX) Bought by S Squared Technology LLC

S Squared Technology LLC purchased a new stake in shares of Power Solutions International Inc (NASDAQ:PSIX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 293,034 shares of the company’s stock, valued at approximately $8,718,000. Power Solutions International makes up 3.6% of S Squared Technology LLC’s investment portfolio, making the stock its 14th largest position. S Squared Technology LLC owned approximately 1.27% of Power Solutions International at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PSIX. Wells Fargo & Company MN bought a new position in shares of Power Solutions International during the 4th quarter valued at about $33,000. Heck Capital Advisors LLC bought a new position in Power Solutions International during the fourth quarter valued at approximately $94,000. Spire Wealth Management bought a new position in Power Solutions International during the fourth quarter valued at approximately $96,000. Astoria Portfolio Advisors LLC. purchased a new position in shares of Power Solutions International during the fourth quarter worth approximately $216,000. Finally, Evernest Financial Advisors LLC bought a new stake in shares of Power Solutions International in the 4th quarter worth approximately $223,000. Institutional investors own 22.28% of the company’s stock.

Analysts Set New Price Targets

Separately, Craig Hallum reaffirmed a “buy” rating on shares of Power Solutions International in a report on Tuesday, March 25th.

Power Solutions International Stock Performance

NASDAQ PSIX opened at $24.38 on Thursday. The company has a market cap of $560.94 million, a price-to-earnings ratio of 10.33 and a beta of 0.80. Power Solutions International Inc has a 1-year low of $2.00 and a 1-year high of $45.74. The firm has a 50-day moving average of $29.74.

Power Solutions International (NASDAQ:PSIX) last announced its quarterly earnings data on Monday, March 24th. The company reported $1.03 earnings per share for the quarter. Power Solutions International had a return on equity of 293.35% and a net margin of 12.46%. The firm had revenue of $144.30 million during the quarter.

Insider Buying and Selling at Power Solutions International

In other news, major shareholder Gary S. Winemaster sold 2,000 shares of the company’s stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $23.27, for a total transaction of $46,540.00. Following the completion of the transaction, the insider now directly owns 2,944,281 shares of the company’s stock, valued at approximately $68,513,418.87. This represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

Power Solutions International 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.