Schonfeld Strategic Advisors LLC Makes New $455,000 Investment in Power Solutions International Inc (NASDAQ:PSIX)

Schonfeld Strategic Advisors LLC purchased a new stake in shares of Power Solutions International Inc (NASDAQ:PSIX) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 15,300 shares of the company’s stock, valued at approximately $455,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Gagnon Securities LLC acquired a new stake in Power Solutions International during the fourth quarter valued at $25,292,000. Gagnon Advisors LLC purchased a new stake in shares of Power Solutions International during the 4th quarter worth about $13,987,000. Portolan Capital Management LLC acquired a new stake in shares of Power Solutions International during the 4th quarter valued at about $10,153,000. S Squared Technology LLC bought a new stake in shares of Power Solutions International in the 4th quarter valued at approximately $8,718,000. Finally, O Shaughnessy Asset Management LLC acquired a new position in Power Solutions International in the fourth quarter worth approximately $2,168,000. 22.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, major shareholder Gary S. Winemaster sold 2,000 shares of Power Solutions International stock in a transaction on Friday, April 11th. The shares were sold at an average price of $23.27, for a total value of $46,540.00. Following the transaction, the insider now owns 2,944,281 shares in the company, valued at $68,513,418.87. This trade represents a 0.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.60% of the company’s stock.

Power Solutions International Stock Performance

PSIX stock opened at $30.25 on Friday. The firm has a market cap of $695.99 million, a price-to-earnings ratio of 12.82 and a beta of 1.09. Power Solutions International Inc has a 1 year low of $2.53 and a 1 year high of $45.74. The firm has a fifty day simple moving average of $26.39.

Power Solutions International (NASDAQ:PSIX) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.83 earnings per share for the quarter. The company had revenue of $135.45 million during the quarter. Power Solutions International had a return on equity of 293.35% and a net margin of 12.46%.

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.