Gagnon Advisors LLC Invests $13.99 Million in Power Solutions International Inc (NASDAQ:PSIX)

In the fourth quarter, Gagnon Advisors LLC made headlines by acquiring a significant new stake in Power Solutions International Inc (NASDAQ:PSIX). According to recent filings with the Securities and Exchange Commission, Gagnon Advisors LLC purchased 470,165 shares of PSIX, with a total value estimated at around $13,987,000. This purchase positions Power Solutions International as the second largest holding in Gagnon Advisors LLC's investment portfolio, comprising about 9.0% of their total assets. By the end of the last quarter, Gagnon Advisors held approximately 2.04% of the total shares of Power Solutions International.

In addition to Gagnon Advisors LLC, several other institutional investors and hedge funds have recently engaged in trading shares of PSIX. For instance, Heck Capital Advisors LLC established a new position with shares worth approximately $94,000 during the fourth quarter. Astoria Portfolio Advisors LLC also acquired new shares valued around $216,000 in the same period. Evernest Financial Advisors LLC further invested in Power Solutions International with a stake worth about $223,000 in the fourth quarter. Notably, Gagnon Securities LLC made a substantial investment, purchasing shares valued at approximately $25,292,000. Overall, institutional investors and hedge funds collectively own about 22.28% of Power Solutions International's stock.

Power Solutions International Stock Performance

As of Friday, shares of NASDAQ PSIX opened at $42.31. The company boasts a market capitalization of $973.13 million, with a price-to-earnings (P/E) ratio of 17.93 and a beta of 0.99. Over the past year, Power Solutions International's stock has seen considerable fluctuation, with a 52-week low at $1.89 and a high reaching $45.74.

Insider Activity at Power Solutions International

In other news regarding the company, Gary S. Winemaster, a major shareholder, recently sold 15,181 shares of Power Solutions International on January 14th. The shares were sold at an average price of $37.05, resulting in a total transaction value of $562,456.05. Following this sale, Winemaster owns approximately 2,999,102 shares, equating to a value of roughly $111,116,729.10. This transaction reflects a 0.50% decrease in their ownership stake. This insider trade has been disclosed through filings with the SEC, which provide transparency around such transactions. Over the last quarter, insiders have sold a total of 50,625 shares worth about $1,683,476, and currently, 0.60% of the company's stock is owned by insiders.

Company Overview: Power Solutions International

Power Solutions International, Inc. specializes in the design, manufacturing, and trading of power systems and electrical power generation equipment. The company provides comprehensive, integrated solutions for both global original equipment manufacturers and end-user customers across various sectors, including energy, industrial, and transportation.

Looking Ahead

For potential investors considering their next moves, MarketBeat keeps track of top analysts and their recommendations on stocks to buy. Although Power Solutions International currently holds a "Hold" rating among analysts, they suggest several alternative investments that may present better opportunities. Investors are encouraged to explore these options before making financial decisions.

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