Gagnon Securities LLC Trims Stake 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 trimmed its holdings in shares of Power Solutions International, Inc. (NASDAQ:PSIX - Free Report) by 38.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 largest holding. Gagnon Securities LLC owned approximately 2.28% of Power Solutions International worth $13,279,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wells Fargo & Company MN bought a new position in Power Solutions International in the 4th quarter valued at $33,000. Portolan Capital Management LLC bought a new position in Power Solutions International in the 4th quarter valued at $10,153,000. Marshall Wace LLP bought a new position in Power Solutions International in the 4th quarter valued at $2,130,000. S Squared Technology LLC bought a new position in Power Solutions International in the 4th quarter valued at $8,718,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in Power Solutions International in the 4th quarter valued at $455,000. 22.28% of the stock is owned by institutional investors and hedge funds.

Power Solutions International Trading Down 4.4%

PSIX traded down $4.35 during mid-day trading on Monday, reaching $95.35. The stock had a trading volume of 583,547 shares, compared to its average volume of 419,038. The stock has a market capitalization of $2.19 billion, a P/E ratio of 19.82 and a beta of 1.47. 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 firm's fifty day simple moving average is $70.67 and its two-hundred day simple moving average is $45.31. Power Solutions International, Inc. has a 52 week low of $10.76 and a 52 week high of $121.78.

Power Solutions International (NASDAQ:PSIX - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $2.23 EPS for the quarter. The firm had revenue of $191.91 million for the quarter. Power Solutions International had a return on equity of 174.91% and a net margin of 18.56%.

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.