39,666 Shares in Power Solutions International, Inc. (NASDAQ:PSIX) Purchased by Navellier & Associates Inc.

Key Points

• Navellier & Associates Inc. acquired 39,666 shares of Power Solutions International, valued at approximately $1,104,000, during the first quarter, representing 0.17% ownership in the company.
• Power Solutions International's stock has seen significant fluctuations, with a 1-year low of $9.01 and a high of $100.99, currently trading at $90.52.
• The company reported an earnings per share (EPS) of $0.83 for the last quarter, with revenue totaling $135.45 million and a return on equity of 141.76%.

Navellier & Associates Inc. purchased a new stake in Power Solutions International, Inc. (NASDAQ:PSIX - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 39,666 shares of the company's stock, valued at approximately $1,104,000. Navellier & Associates Inc. owned approximately 0.17% of Power Solutions International as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in PSIX. O Shaughnessy Asset Management LLC bought a new position in shares of Power Solutions International in the fourth quarter valued at approximately $2,168,000. Perritt Capital Management Inc purchased a new stake in Power Solutions International in the 4th quarter valued at $446,000. Thoroughbred Financial Services LLC bought a new position in Power Solutions International during the 4th quarter valued at $310,000. Wells Fargo & Company MN bought a new position in Power Solutions International during the 4th quarter valued at $33,000. Finally, Portolan Capital Management LLC purchased a new position in Power Solutions International during the 4th quarter worth $10,153,000. Institutional investors and hedge funds own 22.28% of the company's stock.

Power Solutions International Stock Up 2.1%

Shares of PSIX stock traded up $1.85 on Wednesday, hitting $90.00. The stock had a trading volume of 117,932 shares, compared to its average volume of 394,935. 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 business has a 50 day moving average of $62.44 and a 200 day moving average of $42.21. Power Solutions International, Inc. has a 12-month low of $9.01 and a 12-month high of $100.99. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 25.50 and a beta of 1.39.

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

About Power Solutions International

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.