Gagnon Securities LLC Has $13.28 Million Stock Position in Power Solutions International, Inc. (NASDAQ:PSIX)

Key Points

• Gagnon Securities LLC reduced its stake in Power Solutions International, Inc. by 38.2% to approximately $13.28 million, making it the 8th largest holding in the firm's portfolio.
• Power Solutions International's most recent earnings report showed an EPS of $0.83 and revenue of $135.45 million, with a strong net margin of 15.74% and an impressive return on equity of 141.76%.
• Shares of NASDAQ:PSIX opened at $90.98, with a debt-to-equity ratio of 0.01 and a market cap of $2.09 billion, indicating overall stability in its financial metrics despite a recent stock decline of 1.8%.

Gagnon Securities LLC decreased its holdings in Power Solutions International, Inc. (NASDAQ:PSIX - Free Report) by 38.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 525,291 shares of the company's stock after selling 324,855 shares during the period. Power Solutions International accounts for approximately 2.9% of Gagnon Securities LLC's holdings, making the stock its 8th biggest holding. Gagnon Securities LLC owned 2.28% of Power Solutions International worth $13,279,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Citadel Advisors LLC bought a new stake in Power Solutions International in the fourth quarter worth about $366,000. Ritholtz Wealth Management bought a new stake in Power Solutions International in the first quarter worth about $1,008,000. D.A. Davidson & CO. bought a new stake in Power Solutions International in the first quarter worth about $257,000. Marshall Wace LLP bought a new stake in Power Solutions International in the fourth quarter worth about $2,130,000. Finally, Navellier & Associates Inc. bought a new stake in Power Solutions International in the first quarter worth about $1,104,000. Institutional investors own 22.28% of the company's stock.

Power Solutions International Stock Down 1.8%

Shares of NASDAQ PSIX opened at $90.98 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.16 and a quick ratio of 0.67. The company has a market cap of $2.09 billion, a P/E ratio of 25.77 and a beta of 1.47. Power Solutions International, Inc. has a 1 year low of $10.20 and a 1 year high of $100.99. The firm has a 50-day simple moving average of $68.59 and a two-hundred day simple moving average of $44.42.

Power Solutions International (NASDAQ:PSIX - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.83 earnings per share (EPS) for the quarter. The business had revenue of $135.45 million during 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.

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