Rathbones Group PLC Acquires New Position in Power Solutions International, Inc. $PSIX

Rathbones Group PLC acquired a new stake in Power Solutions International, Inc. (NASDAQ:PSIX) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,695 shares of the company’s stock, valued at approximately $239,000.

A number of other institutional investors have also recently made changes to their positions in PSIX. Wolff Wiese Magana LLC purchased a new position in shares of Power Solutions International during the second quarter valued at approximately $26,000. Farther Finance Advisors LLC grew its position in Power Solutions International by 88.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,651 shares of the company’s stock worth $107,000 after purchasing an additional 773 shares during the period. MeadowBrook Investment Advisors LLC purchased a new stake in Power Solutions International during the 2nd quarter valued at $53,000. Ritholtz Wealth Management lifted its holdings in shares of Power Solutions International by 2.6% during the 2nd quarter. Ritholtz Wealth Management now owns 40,873 shares of the company’s stock valued at $2,644,000 after buying an additional 1,018 shares during the period. Finally, Vestcor Inc purchased a new position in shares of Power Solutions International in the 1st quarter worth $29,000. Hedge funds and other institutional investors own 22.28% of the company’s stock.

Insider Buying and Selling

In other news, CFO Xun Li sold 8,000 shares of Power Solutions International stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $92.36, for a total value of $738,880.00. Following the transaction, the chief financial officer owned 221 shares of the company’s stock, valued at $20,411.56. The trade was a 97.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder America Corp. Weichai sold 79,839 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $93.46, for a total transaction of $7,461,752.94. Following the sale, the insider directly owned 10,599,759 shares of the company’s stock, valued at $990,653,476.14. The trade was a 0.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 177,509 shares of company stock valued at $15,576,677. Insiders own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Power Solutions International in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Power Solutions International currently has a consensus rating of “Buy”.

Power Solutions International Stock Performance

Shares of NASDAQ PSIX opened at $61.94 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.26 and a quick ratio of 0.65. The firm has a fifty day moving average price of $90.35 and a 200-day moving average price of $72.85. The stock has a market cap of $1.43 billion, a PE ratio of 12.88 and a beta of 1.59. Power Solutions International, Inc. has a 1 year low of $15.30 and a 1 year high of $121.78.

Power Solutions International (NASDAQ:PSIX) last announced its quarterly earnings results on Thursday, November 6th. The company reported $1.20 EPS for the quarter. Power Solutions International had a net margin of 18.56% and a return on equity of 136.57%. The business had revenue of $203.83 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.