America Corp. Weichai Purchases 200,000 Shares of Power Solutions International, Inc. (OTC:PSIX) Stock

Power Solutions International, Inc. (OTC:PSIX) major shareholder America Corp. Weichai bought 200,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were bought at an average price of $9.50 per share, with a total value of $1,900,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Power Solutions International, Inc. (OTC:PSIX) opened at 9.10 on Friday. Power Solutions International, Inc. has a 52 week low of $2.76 and a 52 week high of $15.81. The stock has a market capitalization of $99.00 million, a P/E ratio of 92.86 and a beta of 2.73. The company has a 50 day moving average of $9.04 and a 200 day moving average of $8.07.

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Separately, Zacks Investment Research upgraded shares of Power Solutions International from a “sell” rating to a “buy” rating and set a $13.00 target price for the company in a research report on Tuesday, May 30th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Power Solutions International has a consensus rating of “Hold” and an average target price of $13.33.

A number of hedge funds have recently modified their holdings of the company. Gagnon Securities LLC increased its stake in shares of Power Solutions International by 38.6% in the second quarter. Gagnon Securities LLC now owns 484,678 shares of the company’s stock worth $4,314,000 after buying an additional 135,069 shares in the last quarter. Scout Investments Inc. bought a new stake in shares of Power Solutions International during the first quarter worth about $518,000. Elk Creek Partners LLC increased its stake in shares of Power Solutions International by 45.1% in the first quarter. Elk Creek Partners LLC now owns 748,747 shares of the company’s stock worth $7,555,000 after buying an additional 232,566 shares in the last quarter. Parametric Portfolio Associates LLC bought a new stake in shares of Power Solutions International during the first quarter worth about $178,000. Finally, FNY Managed Accounts LLC bought a new stake in shares of Power Solutions International during the first quarter worth about $15,586,000. Institutional investors own 24.61% of the company’s stock.

About Power Solutions International

Power Solutions International, Inc is a producer and distributor of a range of low-emission power systems that run on non-diesel fuels, such as natural gas, propane and gasoline. The Company’s industrial power systems are used by original equipment manufacturers (OEMs) in a range of industries with a diversified set of applications, including stationary electricity generators, oil and gas equipment, forklifts, aerial work platforms, industrial sweepers, arbor equipment, agricultural and turf equipment, aircraft ground support equipment, construction and irrigation equipment, and other industrial equipment.

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