3,695 Shares in Power Solutions International, Inc. $PSIX Bought by Rathbones Group PLC

Rathbones Group PLC purchased a new stake in Power Solutions International, Inc. (NASDAQ:PSIX) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 3,695 shares of the company’s stock, valued at approximately $239,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Burney Co. acquired a new position in shares of Power Solutions International during the 1st quarter valued at about $857,000. Cetera Investment Advisers purchased a new stake in shares of Power Solutions International in the 1st quarter valued at approximately $516,000. Navellier & Associates Inc. acquired a new position in Power Solutions International in the first quarter valued at approximately $1,104,000. Vestcor Inc acquired a new stake in Power Solutions International in the 1st quarter valued at approximately $29,000. Finally, Thoroughbred Financial Services LLC lifted its stake in Power Solutions International by 108.8% during the first quarter. Thoroughbred Financial Services LLC now owns 21,783 shares of the company’s stock worth $550,000 after purchasing an additional 11,350 shares in the last quarter. Hedge funds and other institutional investors own 22.28% of the company’s stock.

Insider Buying and Selling at Power Solutions International

In other news, major shareholder America Corp. Weichai sold 79,839 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $93.46, for a total transaction of $7,461,752.94. Following the completion of the sale, the insider owned 10,599,759 shares in the company, valued at approximately $990,653,476.14. This represents a 0.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Xun Li sold 8,000 shares of the firm’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $92.36, for a total value of $738,880.00. Following the transaction, the chief financial officer directly owned 221 shares in the company, valued at approximately $20,411.56. This represents a 97.31% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 177,509 shares of company stock worth $15,576,677. 0.96% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Power Solutions International in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy”.

Power Solutions International Stock Down 4.6%

Shares of NASDAQ PSIX opened at $61.94 on Wednesday. The stock has a market cap of $1.43 billion, a P/E ratio of 12.88 and a beta of 1.59. The business’s fifty day simple moving average is $90.35 and its 200-day simple moving average is $72.85. Power Solutions International, Inc. has a 12-month low of $15.30 and a 12-month high of $121.78. The company has a current ratio of 1.26, a quick ratio of 0.65 and a debt-to-equity ratio of 0.01.

Power Solutions International (NASDAQ:PSIX) last issued its quarterly earnings results on Thursday, November 6th. The company reported $1.20 earnings per share (EPS) for the quarter. Power Solutions International had a net margin of 18.56% and a return on equity of 136.57%. The company had revenue of $203.83 million during the quarter.

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.