Newtyn Management LLC Buys New Holdings in Power Solutions International, Inc. $PSIX

Key Points

• Newtyn Management LLC purchased 600,890 shares of Power Solutions International in the second quarter, worth approximately $23.4 million and representing about 2.6% of the company.
• PSIX reported quarterly EPS of $0.78 on $152.5 million in revenue, with a 10.03% net margin and 37.73% return on equity.
• Analyst sentiment is generally positive, with the stock carrying an average “Buy” rating and a $99.95 average price target, despite shares recently trading near $36.28 and well below their 12-month high.

Newtyn Management LLC purchased a new position in Power Solutions International, Inc. (NASDAQ:PSIX - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 600,890 shares of the company's stock, valued at approximately $23,369,000. Power Solutions International comprises about 3.0% of Newtyn Management LLC's portfolio, making the stock its 14th biggest position. Newtyn Management LLC owned approximately 2.60% of Power Solutions International as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. California State Teachers Retirement System acquired a new position in shares of Power Solutions International during the 2nd quarter worth about $26,000. Caitong International Asset Management Co. Ltd raised its position in shares of Power Solutions International by 2,672.7% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 305 shares of the company's stock worth $30,000 after acquiring an additional 294 shares in the last quarter. Global Assets Advisory LLC purchased a new stake in Power Solutions International during the first quarter worth approximately $33,000. New York State Teachers Retirement System purchased a new stake in Power Solutions International during the first quarter worth approximately $48,000. Finally, State of Wyoming acquired a new position in Power Solutions International in the fourth quarter valued at approximately $49,000. 22.28% of the stock is owned by hedge funds and other institutional investors.

Power Solutions International Stock Performance

Shares of PSIX opened at $36.28 on Monday. The company has a current ratio of 2.57, a quick ratio of 1.49 and a debt-to-equity ratio of 0.35. The firm has a market cap of $836.98 million, a PE ratio of 12.30 and a beta of 2.02. The company's 50 day simple moving average is $35.17 and its 200-day simple moving average is $52.54. Power Solutions International, Inc. has a 12-month low of $25.28 and a 12-month high of $119.70.

Power Solutions International (NASDAQ:PSIX - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.78 EPS for the quarter. Power Solutions International had a net margin of 10.03% and a return on equity of 37.73%. The firm had revenue of $152.54 million during the quarter.

Analyst Upgrades and Downgrades

Several equities analysts have commented on PSIX shares. Freedom Capital upgraded shares of Power Solutions International from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 10th. Weiss Ratings downgraded shares of Power Solutions International from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $99.95.

Power Solutions International Company 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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