OMERS ADMINISTRATION Corp Takes $222,000 Position in Power Solutions International, Inc. $PSIX

Key Points

• OMERS ADMINISTRATION Corp acquired a new stake in Power Solutions International, Inc. worth approximately $222,000, purchasing 8,800 shares during the first quarter.
• Other institutional investors, including EntryPoint Capital LLC and Independent Advisor Alliance, also made significant investments in Power Solutions International, reflecting growing interest in the company.
• Power Solutions International reported a $2.23 EPS and a net margin of 18.56% in its latest quarterly earnings, indicating solid financial performance.

OMERS ADMINISTRATION Corp purchased a new stake in Power Solutions International, Inc. (NASDAQ:PSIX - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,800 shares of the company's stock, valued at approximately $222,000.

A number of other large investors also recently made changes to their positions in the stock. EntryPoint Capital LLC acquired a new position in shares of Power Solutions International in the 1st quarter valued at $205,000. Independent Advisor Alliance bought a new stake in shares of Power Solutions International in the 1st quarter valued at $1,086,000. Virtu Financial LLC bought a new stake in shares of Power Solutions International in the 1st quarter valued at $376,000. Charles Schwab Investment Management Inc. bought a new stake in shares of Power Solutions International in the 1st quarter valued at $782,000. Finally, Thoroughbred Financial Services LLC increased its position in shares of Power Solutions International by 108.8% in the 1st quarter. Thoroughbred Financial Services LLC now owns 21,783 shares of the company's stock valued at $550,000 after buying an additional 11,350 shares in the last quarter. Institutional investors and hedge funds own 22.28% of the company's stock.

Power Solutions International Price Performance

PSIX opened at $86.92 on Friday. The company has a quick ratio of 0.65, a current ratio of 1.26 and a debt-to-equity ratio of 0.01. Power Solutions International, Inc. has a 12 month low of $15.30 and a 12 month high of $121.78. The company has a fifty day simple moving average of $83.13 and a 200 day simple moving average of $51.16. The stock has a market cap of $2.00 billion, a P/E ratio of 18.07 and a beta of 1.58.

Power Solutions International (NASDAQ:PSIX - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $2.23 EPS for the quarter. Power Solutions International had a net margin of 18.56% and a return on equity of 136.57%. The business had revenue of $191.91 million during the quarter.

Insiders Place Their Bets

In related news, CEO Constantine Xykis sold 26,005 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $95.85, for a total value of $2,492,579.25. Following the completion of the sale, the chief executive officer owned 7,854 shares in the company, valued at $752,805.90. This represents a 76.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Frank P. Simpkins sold 10,000 shares of the company's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $91.64, for a total transaction of $916,400.00. Following the completion of the sale, the director owned 25,000 shares of the company's stock, valued at approximately $2,291,000. This represents a 28.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 131,175 shares of company stock worth $11,307,078 over the last 90 days. 0.96% of the stock is currently owned by corporate insiders.

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.

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