Thoroughbred Financial Services LLC Buys 2,018 Shares of Power Solutions International, Inc. $PSIX

Thoroughbred Financial Services LLC boosted its position in Power Solutions International, Inc. (NASDAQ:PSIX) by 9.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,801 shares of the company’s stock after acquiring an additional 2,018 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Power Solutions International were worth $1,539,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. bought a new position in shares of Power Solutions International during the 1st quarter valued at about $782,000. Mutual Advisors LLC purchased a new stake in Power Solutions International in the second quarter worth approximately $234,000. Cetera Investment Advisers purchased a new stake in Power Solutions International in the first quarter worth approximately $516,000. Perigon Wealth Management LLC bought a new position in Power Solutions International during the second quarter valued at approximately $322,000. Finally, Bay Rivers Group bought a new stake in shares of Power Solutions International in the 2nd quarter worth approximately $233,000. Institutional investors own 22.28% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder America Corp. Weichai sold 79,839 shares of Power Solutions International stock in a transaction dated 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 owned 10,599,759 shares of the company’s stock, valued at approximately $990,653,476.14. The trade was a 0.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Frank P. Simpkins sold 10,000 shares of the business’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $91.64, for a total transaction of $916,400.00. Following the transaction, the director owned 25,000 shares in the company, valued at $2,291,000. This represents a 28.57% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 177,509 shares of company stock valued at $15,576,677 over the last quarter. 0.96% of the stock is owned by company insiders.

Power Solutions International Stock Down 0.0%

NASDAQ PSIX opened at $58.25 on Friday. Power Solutions International, Inc. has a 1 year low of $15.30 and a 1 year high of $121.78. The stock has a market capitalization of $1.34 billion, a PE ratio of 12.11 and a beta of 1.59. 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 business’s 50-day moving average is $88.75 and its 200 day moving average is $73.23.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Power Solutions International in a research note on Thursday. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy”.

Power Solutions International Company Profile

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.