Burney Co. Buys Shares of 33,890 Power Solutions International, Inc. (NASDAQ:PSIX)

Key Points

• Burney Co. has acquired 33,890 shares of Power Solutions International, Inc. (NASDAQ:PSIX), valued at approximately $857,000, representing about 0.15% of the company's stock as of their latest SEC filing.
• Several hedge funds have recently increased their positions in Power Solutions International, with notable purchases including O Shaughnessy Asset Management's stake valued at $2.17 million.
• Power Solutions International's stock has experienced significant volatility, with a 12-month low of $9.01 and a high of $100.99, currently trading at $90.52.

Burney Co. acquired a new stake in shares of Power Solutions International, Inc. (NASDAQ:PSIX - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 33,890 shares of the company's stock, valued at approximately $857,000. Burney Co. owned about 0.15% of Power Solutions International as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC purchased a new stake in Power Solutions International during the fourth quarter valued at approximately $2,168,000. Perritt Capital Management Inc purchased a new stake in Power Solutions International during the fourth quarter valued at approximately $446,000. Thoroughbred Financial Services LLC purchased a new stake in Power Solutions International during the fourth quarter valued at approximately $310,000. Wells Fargo & Company MN purchased a new stake in Power Solutions International during the fourth quarter valued at approximately $33,000. Finally, Portolan Capital Management LLC purchased a new stake in Power Solutions International during the fourth quarter valued at approximately $10,153,000. 22.28% of the stock is owned by hedge funds and other institutional investors.

Power Solutions International Price Performance

Shares of NASDAQ PSIX traded up $1.00 during midday trading on Friday, reaching $90.52. The stock had a trading volume of 607,907 shares, compared to its average volume of 712,020. The stock has a 50-day moving average of $60.39 and a 200-day moving average of $41.39. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.67 and a current ratio of 1.16. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 25.64 and a beta of 1.39. Power Solutions International, Inc. has a 12-month low of $9.01 and a 12-month high of $100.99.

Power Solutions International (NASDAQ:PSIX - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.83 earnings per share for the quarter. The business had revenue of $135.45 million for the quarter. Power Solutions International had a net margin of 15.74% and a return on equity of 141.76%.

Power Solutions International 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.