Power Solutions International, Inc. $PSIX Shares Purchased by Tidal Investments LLC

Key Points

• Tidal Investments increased its Power Solutions International stake by 146.6% in the second quarter, bringing its holdings to 72,447 shares valued at approximately $2.8 million. Institutional investors and hedge funds collectively own 22.28% of PSIX.
• Power Solutions International reported quarterly earnings of $0.78 per share on $152.54 million in revenue, with a 37.73% return on equity and a 10.03% net margin.
• Analyst sentiment is generally positive, with the stock carrying an average “Buy” rating and a $99.95 consensus price target versus its reported share price of $39.25.

Tidal Investments LLC raised its position in shares of Power Solutions International, Inc. (NASDAQ:PSIX - Free Report) by 146.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 72,447 shares of the company's stock after acquiring an additional 43,068 shares during the period. Tidal Investments LLC owned approximately 0.31% of Power Solutions International worth $2,817,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC purchased a new stake in shares of Power Solutions International during the 2nd quarter worth about $63,000. AlphaGrep UK Ltd acquired a new stake in Power Solutions International during the 2nd quarter worth approximately $218,000. Triumph Capital Management raised its holdings in Power Solutions International by 32.9% in the second quarter. Triumph Capital Management now owns 4,924 shares of the company's stock valued at $191,000 after buying an additional 1,219 shares during the period. Newtyn Management LLC purchased a new position in Power Solutions International in the second quarter valued at approximately $23,369,000. Finally, Kerrisdale Advisers LLC lifted its position in Power Solutions International by 115.8% during the second quarter. Kerrisdale Advisers LLC now owns 25,175 shares of the company's stock valued at $979,000 after buying an additional 13,510 shares in the last quarter. 22.28% of the stock is currently owned by institutional investors and hedge funds.

Power Solutions International Price Performance

Shares of NASDAQ PSIX opened at $39.25 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.57 and a quick ratio of 1.49. Power Solutions International, Inc. has a 1-year low of $25.28 and a 1-year high of $119.70. The company has a market capitalization of $905.30 million, a price-to-earnings ratio of 13.31 and a beta of 2.11. The business has a 50-day moving average of $35.57 and a 200-day moving average of $48.14.

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. The firm had revenue of $152.54 million for the quarter. Power Solutions International had a return on equity of 37.73% and a net margin of 10.03%.

Analysts Set New Price Targets

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

Power Solutions International Profile

Power Solutions International, Inc NASDAQ: PSIX designs, engineers, manufactures and supplies engines, power systems and related technologies for original equipment manufacturers. Its product portfolio includes engines powered by natural gas, propane, gasoline and diesel, along with electronic controls, fuel systems and other components used to manage and optimize engine performance.

The company serves a range of markets, including power generation, industrial equipment, construction, agriculture, material handling, transportation and other off-road applications.

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