Mercuria Capital Strategies LLC Takes $4.57 Million Position in Power Solutions International, Inc. $PSIX

Key Points

• Mercuria Capital Strategies LLC opened a new position in Power Solutions International, buying 46,490 shares worth about $4.57 million, which is 6.0% of Mercuria’s portfolio and made PSIX its 7th largest holding (Mercuria owns ~0.20% of the company).
• PSIX recently opened at $52.34, has a 52‑week range of $18.10–$121.78, a market cap of about $1.21 billion and a P/E of 10.57, with 50‑ and 200‑day SMAs near the mid‑$70s.
• Analyst sentiment is mildly positive: Jefferies initiated coverage with a Buy and $110.51 target, and the consensus per MarketBeat is a "Moderate Buy" with an average price target of $104.26.

Mercuria Capital Strategies LLC purchased a new position in Power Solutions International, Inc. (NASDAQ:PSIX - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 46,490 shares of the company's stock, valued at approximately $4,566,000. Power Solutions International comprises 6.0% of Mercuria Capital Strategies LLC's investment portfolio, making the stock its 7th largest position. Mercuria Capital Strategies LLC owned 0.20% of Power Solutions International at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Federated Hermes Inc. acquired a new stake in Power Solutions International in the third quarter worth $26,000. California State Teachers Retirement System acquired a new position in shares of Power Solutions International during the second quarter valued at $26,000. Ameritas Investment Partners Inc. acquired a new position in shares of Power Solutions International during the second quarter valued at $43,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Power Solutions International during the second quarter worth about $52,000. Finally, Police & Firemen s Retirement System of New Jersey bought a new position in shares of Power Solutions International during the second quarter worth about $92,000. Institutional investors and hedge funds own 22.28% of the company's stock.

Power Solutions International Price Performance

Shares of NASDAQ PSIX opened at $52.34 on Tuesday. Power Solutions International, Inc. has a fifty-two week low of $18.10 and a fifty-two week high of $121.78. The firm's 50-day simple moving average is $75.66 and its 200 day simple moving average is $77.57. The company has a quick ratio of 1.77, a current ratio of 3.15 and a debt-to-equity ratio of 0.54. The stock has a market cap of $1.21 billion, a P/E ratio of 10.57 and a beta of 2.03.

Analyst Ratings Changes

Several brokerages recently weighed in on PSIX. Jefferies Financial Group began coverage on shares of Power Solutions International in a research report on Monday, December 1st. They issued a "buy" rating and a $110.51 price objective on the stock. Wall Street Zen cut shares of Power Solutions International from a "buy" rating to a "hold" rating in a research report on Saturday. Weiss Ratings restated a "hold (c+)" rating on shares of Power Solutions International in a research note on Monday, December 29th. Finally, Loop Capital set a $107.00 price target on Power Solutions International in a report on Wednesday, March 4th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $104.26.

Power Solutions International Profile

Power Solutions International, Inc is a global designer and manufacturer of integrated powertrain solutions for commercial vehicle, industrial and military applications. Headquartered in Wood Dale, Illinois, the company develops and assembles advanced diesel engine and transmission packages under the Atlas® brand, combining proprietary engine technology with high-efficiency transmissions to deliver power-dense systems. These solutions are tailored for medium- and heavy-duty trucks, buses, construction equipment, generator sets and specialty vehicles.

In addition to complete powertrain systems, the company offers a broad range of component products including diesel engines, transmissions and aftertreatment modules.

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