Simpkins of Power Solutions (PSIX) sells $474k in stock

Director Frank P Simpkins of Power Solutions International (NYSE:PSIX), a company that has delivered an impressive 621% return over the past year and maintains a GREAT financial health score according to InvestingPro, sold 5,000 shares of common stock on August 12, 2025, for a total value of $474523.

The sales were executed in multiple transactions with prices ranging from $91.741 to $96.205. Specifically, 108 shares were sold at an average price of $91.741, 384 shares at $92.522, 282 shares at $93.679, 912 shares at $94.462, 3108 shares at $95.464 and 206 shares at $96.205. The stock, currently trading near its 52-week high of $121.78, appears overvalued according to InvestingPro’s Fair Value analysis.

Following these transactions, Simpkins directly owns 35,000 shares of Power Solutions International stock, representing a stake in the company that now has a market capitalization of $2.08 billion. Track insider transactions and access 11 additional ProTips with InvestingPro.

In other recent news, Power Solutions International has secured a $135 million credit facility by amending its Uncommitted Revolving Credit Agreement with Standard Chartered Bank. This agreement, finalized on July 30, 2025, extends the credit facility through July 30, 2027, and allows the company to fully repay its previous borrowings under the Shareholder’s Loan Agreement with Weichai America Corp. Additionally, Power Solutions International announced the resignation of board member Kenneth W. Landini, who stepped down on July 23, citing concerns over board management and compensation practices. The board reviewed his resignation letter and disagreed with his claims. Furthermore, the company is set to be included in key indexes such as the Russell 3000®, Russell 2000®, and Russell Microcap®, following a preliminary announcement from FTSE Russell, with final inclusion expected after the U.S. market opens on June 30, 2025. This follows its recent addition to the MSCI US Small Cap Index on May 30. These developments reflect ongoing changes and strategic moves within Power Solutions International.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.