Ritholtz Wealth Management Acquires New Shares in Power Solutions International, Inc. (NASDAQ:PSIX)

Ritholtz Wealth Management purchased a new stake in shares of Power Solutions International, Inc. (NASDAQ:PSIX - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 39,855 shares of the company's stock, valued at approximately $1,008,000. Ritholtz Wealth Management owned 0.17% of Power Solutions International as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of PSIX. Portolan Capital Management LLC bought a new stake in shares of Power Solutions International in the fourth quarter worth about $10,153,000. S Squared Technology LLC bought a new stake in shares of Power Solutions International in the fourth quarter worth about $8,718,000. O Shaughnessy Asset Management LLC bought a new stake in shares of Power Solutions International in the fourth quarter worth about $2,168,000. Marshall Wace LLP bought a new stake in shares of Power Solutions International in the fourth quarter worth about $2,130,000. Finally, Manatuck Hill Partners LLC purchased a new position in Power Solutions International in the fourth quarter worth about $620,000. 22.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum reissued a "buy" rating on shares of Power Solutions International in a research note on Tuesday, March 25th.

Insider Transactions at Power Solutions International

In related news, major shareholder Gary S. Winemaster sold 2,000 shares of Power Solutions International stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $23.27, for a total value of $46,540.00. Following the completion of the transaction, the insider now owns 2,944,281 shares in the company, valued at $68,513,418.87. The trade was a 0.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.60% of the company's stock.

Power Solutions International Price Performance

Shares of PSIX traded up $0.29 during mid-day trading on Friday, reaching $59.66. 683,020 shares of the company's stock traded hands, compared to its average volume of 289,000. The stock has a market capitalization of $1.37 billion, a PE ratio of 16.90 and a beta of 1.26. The firm's 50-day moving average is $36.66. Power Solutions International, Inc. has a 12 month low of $6.21 and a 12 month high of $62.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.67 and a current ratio of 1.16.

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

Power Solutions International Company Profile

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.