Tidal Investments LLC boosted its position in Power Solutions International, Inc. (NASDAQ:PSIX – Free Report) by 146.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 72,447 shares of the company’s stock after acquiring an additional 43,068 shares during the quarter. Tidal Investments LLC’s holdings in Power Solutions International were worth $2,817,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in PSIX. Sequent Planning LLC boosted its position in Power Solutions International by 4.2% in the 1st quarter. Sequent Planning LLC now owns 6,423 shares of the company’s stock valued at $391,000 after buying an additional 260 shares during the last quarter. Strs Ohio increased its position in shares of Power Solutions International by 16.7% during the first quarter. Strs Ohio now owns 2,100 shares of the company’s stock worth $128,000 after acquiring an additional 300 shares during the last quarter. Astoria Portfolio Advisors LLC. lifted its stake in shares of Power Solutions International by 4.9% in the fourth quarter. Astoria Portfolio Advisors LLC. now owns 6,712 shares of the company’s stock worth $384,000 after acquiring an additional 313 shares in the last quarter. Kestra Advisory Services LLC lifted its stake in shares of Power Solutions International by 8.1% in the first quarter. Kestra Advisory Services LLC now owns 5,399 shares of the company’s stock worth $329,000 after acquiring an additional 405 shares in the last quarter. Finally, Thoroughbred Financial Services LLC boosted its holdings in Power Solutions International by 1.9% in the fourth quarter. Thoroughbred Financial Services LLC now owns 24,896 shares of the company’s stock valued at $1,422,000 after purchasing an additional 459 shares during the last quarter. Institutional investors and hedge funds own 22.28% of the company’s stock.
Power Solutions International Price Performance
Shares of PSIX stock opened at $39.25 on Wednesday. The firm has a market cap of $905.30 million, a P/E ratio of 13.31 and a beta of 2.11. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.57 and a quick ratio of 1.49. Power Solutions International, Inc. has a 1-year low of $25.28 and a 1-year high of $119.70. The firm has a fifty day moving average of $35.57 and a two-hundred day moving average of $48.14.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on PSIX shares. Freedom Capital upgraded Power Solutions International from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Weiss Ratings lowered Power Solutions International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $99.95.
Get Our Latest Stock Analysis on Power Solutions International
Power Solutions International Profile
Power Solutions International, Inc (NASDAQ: PSIX) designs, engineers, manufactures and supplies engines, power systems and related technologies for original equipment manufacturers. Its product portfolio includes engines powered by natural gas, propane, gasoline and diesel, along with electronic controls, fuel systems and other components used to manage and optimize engine performance.
The company serves a range of markets, including power generation, industrial equipment, construction, agriculture, material handling, transportation and other off-road applications.
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