Here’s Who Just Picked Up Power Solutions International Inc. (NASDAQ:PSIX) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),...
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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Power Solutions International Inc. (NASDAQ:PSIX) reported that Frontline Ltd has picked up 9,607,972 of common stock as of 2017-03-27.

The acquisition brings the aggregate amount owned by Frontline Ltd to a total of 9,607,972 representing a 10.2% stake in the company.

For those not familiar with the company, Power Solutions International, Inc. is a producer and distributor of a range of low-emission power systems that run on non-diesel fuels, such as natural gas, propane and gasoline. The Company’s industrial power systems are used by original equipment manufacturers (OEMs) in a range of industries with a diversified set of applications, including stationary electricity generators, oil and gas equipment, forklifts, aerial work platforms, industrial sweepers, arbor equipment, agricultural and turf equipment, aircraft ground support equipment, construction and irrigation equipment, and other industrial equipment. The Company provides alternative fuel power systems for OEMs of off-highway industrial equipment and on-road medium trucks and busses. In addition to its emission-certified power systems, the Company produces and distributes non-emission-certified power systems for industrial OEMs for particular applications in markets without emission standards.

A glance at Power Solutions International Inc. (NASDAQ:PSIX)’s key stats reveals a current market capitalization of 68.02 Million based on 10.88 Million shares outstanding and a price at last close of $6.40 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-03-04, Lewis picked up 1,000 at a purchase price of $11.24. This brings their total holding to 1,000 as of the date of the filing.

On the sell side, the most recent transaction saw Cohen unload 6,000 shares at a sale price of $73.78. This brings their total holding to 0.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Power Solutions International Inc. (NASDAQ:PSIX) as things move forward to see if its progress aligns with these transactions.

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