Thoroughbred Financial Services LLC lifted its position in shares of Power Solutions International, Inc. (NASDAQ:PSIX - Free Report) by 108.8% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 21,783 shares of the company's stock after buying an additional 11,350 shares during the period. Thoroughbred Financial Services LLC owned 0.09% of Power Solutions International worth $550,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Wells Fargo & Company MN acquired a new stake in shares of Power Solutions International during the fourth quarter worth $33,000. Vestcor Inc purchased a new position in Power Solutions International during the first quarter worth about $29,000. Spire Wealth Management boosted its stake in Power Solutions International by 84.5% in the 1st quarter. Spire Wealth Management now owns 5,984 shares of the company's stock worth $151,000 after buying an additional 2,741 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in Power Solutions International in the 4th quarter valued at about $94,000. Finally, D.A. Davidson & CO. purchased a new stake in Power Solutions International in the 1st quarter valued at about $257,000. Hedge funds and other institutional investors own 22.28% of the company's stock.
Power Solutions International Price Performance
PSIX opened at $90.98 on Thursday. The company's 50 day simple moving average is $68.59 and its 200 day simple moving average is $44.42. 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, Inc. has a 1 year low of $10.20 and a 1 year high of $100.99. The stock has a market capitalization of $2.09 billion, a PE ratio of 25.77 and a beta of 1.47.
Power Solutions International (NASDAQ:PSIX - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.83 earnings per share for the quarter. The company had revenue of $135.45 million for the quarter. Power Solutions International had a net margin of 15.74% and a return on equity of 141.76%.
Power Solutions International Company Profile
(
Free Report)
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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