Clear Creek Financial Management LLC Takes $829,000 Position in Power Solutions International, Inc. $PSIX

Key Points

• Clear Creek Financial Management LLC purchased a new stake in Power Solutions International, Inc. worth approximately $829,000, acquiring 12,811 shares during the second quarter.
• Power Solutions International currently holds a consensus rating of "Buy" with a target price of $37.00, according to analysts at Weiss Ratings.
• Recent insider activity saw significant stock sales, including CFO Xun Li selling 8,000 shares and CEO Constantine Xykis selling 26,005 shares, indicating a 76.80% and 97.31% decrease in their ownership, respectively.

Clear Creek Financial Management LLC acquired a new stake in Power Solutions International, Inc. (NASDAQ:PSIX - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,811 shares of the company's stock, valued at approximately $829,000. Clear Creek Financial Management LLC owned 0.06% of Power Solutions International at the end of the most recent quarter.

Several other large investors have also modified their holdings of PSIX. Independent Advisor Alliance acquired a new stake in shares of Power Solutions International in the first quarter valued at approximately $1,086,000. Ritholtz Wealth Management acquired a new stake in shares of Power Solutions International in the first quarter valued at approximately $1,008,000. Navellier & Associates Inc. acquired a new stake in shares of Power Solutions International in the first quarter valued at approximately $1,104,000. Burney Co. acquired a new stake in shares of Power Solutions International in the first quarter valued at approximately $857,000. Finally, Charles Schwab Investment Management Inc. acquired a new stake in shares of Power Solutions International in the first quarter valued at approximately $782,000. 22.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a "buy (b)" rating on shares of Power Solutions International in a report on Wednesday. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $37.00.

Power Solutions International Price Performance

Shares of NASDAQ PSIX opened at $85.72 on Friday. 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 stock has a fifty day moving average price of $92.29 and a 200 day moving average price of $62.91. Power Solutions International, Inc. has a 1-year low of $15.30 and a 1-year high of $121.78. The company has a market cap of $1.97 billion, a PE ratio of 17.82 and a beta of 1.53.

Power Solutions International (NASDAQ:PSIX - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $2.23 earnings per share for the quarter. Power Solutions International had a return on equity of 136.57% and a net margin of 18.56%.The firm had revenue of $191.91 million during the quarter.

Insider Activity

In other Power Solutions International news, CFO Xun Li sold 8,000 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $92.36, for a total value of $738,880.00. Following the completion of the transaction, the chief financial officer owned 221 shares in the company, valued at approximately $20,411.56. This represents a 97.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Constantine Xykis sold 26,005 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $95.85, for a total value of $2,492,579.25. Following the completion of the transaction, the chief executive officer owned 7,854 shares of the company's stock, valued at $752,805.90. The trade was a 76.80% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 211,014 shares of company stock valued at $18,768,831. 0.96% of the stock is currently owned by company insiders.

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.

Want to see what other hedge funds are holding PSIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Power Solutions International, Inc. (NASDAQ:PSIX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.