Thoroughbred Financial Services LLC Takes Position in Power Solutions International Inc (NASDAQ:PSIX)

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

Several other large investors have also recently added to or reduced their stakes in the stock. Heck Capital Advisors LLC acquired a new stake in shares of Power Solutions International in the fourth quarter valued at about $94,000. Spire Wealth Management purchased a new position in Power Solutions International in the 4th quarter worth approximately $96,000. Astoria Portfolio Advisors LLC. purchased a new position in Power Solutions International in the 4th quarter worth approximately $216,000. Evernest Financial Advisors LLC acquired a new stake in Power Solutions International in the fourth quarter valued at approximately $223,000. Finally, Thompson Davis & CO. Inc. purchased a new stake in shares of Power Solutions International during the fourth quarter valued at approximately $251,000. 22.28% of the stock is currently owned by institutional investors and hedge funds.

Power Solutions International Trading Down 8.0 %

NASDAQ:PSIX opened at $20.30 on Monday. Power Solutions International Inc has a 1-year low of $2.00 and a 1-year high of $45.74. The stock has a market cap of $467.06 million, a PE 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 issued its quarterly earnings results on Monday, March 24th. The company reported $1.03 EPS for the quarter. Power Solutions International had a return on equity of 293.35% and a net margin of 12.46%. The firm had revenue of $144.30 million during the quarter.

Insider Transactions at Power Solutions International

In other Power Solutions International news, major shareholder Gary S. Winemaster sold 17,983 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $36.84, for a total transaction of $662,493.72. Following the transaction, the insider now directly owns 2,981,119 shares in the company, valued at $109,824,423.96. This represents a 0.60 % decrease in their position. The transaction 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.

Analysts Set New Price Targets

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

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.