Power Solutions International, Inc. (NASDAQ:PSIX – Get Free Report) shares rose 7.3% on Tuesday. The stock traded as high as $48.07 and last traded at $48.13. Approximately 128,063 shares traded hands during trading, a decline of 78% from the average session volume of 574,490 shares. The stock had previously closed at $44.87.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the stock. Weiss Ratings lowered shares of Power Solutions International from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, July 24th. Freedom Capital raised Power Solutions International from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $99.95.
View Our Latest Report on Power Solutions International
Power Solutions International Price Performance
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Newtyn Management LLC bought a new position in shares of Power Solutions International in the second quarter worth about $23,369,000. Arrowstreet Capital Limited Partnership raised its position in shares of Power Solutions International by 5.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 466,204 shares of the company’s stock valued at $28,382,000 after buying an additional 23,108 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Power Solutions International by 40.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 283,241 shares of the company’s stock valued at $17,240,000 after acquiring an additional 81,350 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Power Solutions International by 12,036.6% in the first quarter. SG Americas Securities LLC now owns 216,395 shares of the company’s stock valued at $13,174,000 after purchasing an additional 214,612 shares in the last quarter. Finally, Hel Ved Capital Management Ltd raised its stake in shares of Power Solutions International by 57.3% in the 4th quarter. Hel Ved Capital Management Ltd now owns 108,126 shares of the company’s stock valued at $6,178,000 after buying an additional 39,406 shares in the last quarter. Institutional investors and hedge funds own 22.28% of the company’s stock.
Power Solutions International Company Profile
Power Solutions International, Inc (NASDAQ:PSIX) designs, engineers, manufactures and sells power systems and engines for a range of industrial and commercial applications. The company develops both complete engines and integrated power solutions, with products designed to meet the performance, emissions and packaging requirements of original equipment manufacturers.
Its product portfolio includes engines powered by gasoline, diesel, natural gas, propane and other alternative fuels. These systems are used in on-road vehicles, off-road equipment, material-handling vehicles, agricultural and construction machinery, generators and other stationary power applications.
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