Thoroughbred Financial Services LLC Buys Shares of 10,433 Power Solutions International Inc (NASDAQ:PSIX)

Thoroughbred Financial Services LLC purchased a new position in Power Solutions International Inc (NASDAQ:PSIX) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,433 shares of the company’s stock, valued at approximately $310,000.

Several other hedge funds and other institutional investors have also modified their holdings of PSIX. Gagnon Advisors LLC acquired a new stake in Power Solutions International during the fourth quarter worth about $13,987,000. World Equity Group Inc. acquired a new stake in shares of Power Solutions International during the 4th quarter worth approximately $529,000. Gagnon Securities LLC bought a new stake in shares of Power Solutions International in the 4th quarter worth approximately $25,292,000. Evernest Financial Advisors LLC acquired a new position in Power Solutions International during the 4th quarter valued at approximately $223,000. Finally, Thompson Davis & CO. Inc. acquired a new position in Power Solutions International during the 4th quarter valued at approximately $251,000. 22.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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 at Power Solutions International

In other news, major shareholder Gary S. Winemaster sold 15,181 shares of the stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $37.05, for a total value of $562,456.05. Following the completion of the transaction, the insider now owns 2,999,102 shares of the company’s stock, valued at approximately $111,116,729.10. This represents a 0.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.60% of the stock is owned by company insiders.

Power Solutions International Stock Performance

Shares of NASDAQ:PSIX opened at $20.30 on Monday. Power Solutions International Inc has a fifty-two week low of $2.00 and a fifty-two week high of $45.74. The company has a market cap of $467.06 million, a P/E ratio of 8.60 and a beta of 0.80. The firm has a 50-day moving average price of $33.47.

Power Solutions International (NASDAQ:PSIX) last released its quarterly earnings results on Monday, March 24th. The company reported $1.03 earnings per share for the quarter. Power Solutions International had a return on equity of 293.35% and a net margin of 12.46%. The company had revenue of $144.30 million for the quarter.

About Power Solutions International

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.