Thoroughbred Financial Services LLC Acquires 11,350 Shares of Power Solutions International, Inc. (NASDAQ:PSIX)

Key Points

• Thoroughbred Financial Services LLC increased its stake in Power Solutions International, Inc. by 108.8%, acquiring an additional 11,350 shares during the first quarter, bringing its total holdings to 21,783 shares.
• Power Solutions International's stock price rose 13.6%, reaching $99.70, with a market capitalization of $2.29 billion and a PE ratio of 20.73.
• The company reported earnings of $2.23 per share and revenue of $191.91 million for the last quarter, highlighting a significant net margin of 18.56%.

Thoroughbred Financial Services LLC raised its stake in Power Solutions International, Inc. (NASDAQ:PSIX - Free Report) by 108.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,783 shares of the company's stock after buying an additional 11,350 shares during the period. Thoroughbred Financial Services LLC owned about 0.09% of Power Solutions International worth $550,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in PSIX. Portolan Capital Management LLC purchased a new stake in Power Solutions International during the fourth quarter valued at about $10,153,000. S Squared Technology LLC bought a new position in shares of Power Solutions International during the 4th quarter valued at about $8,718,000. Marshall Wace LLP purchased a new position in shares of Power Solutions International during the 4th quarter valued at about $2,130,000. Ritholtz Wealth Management bought a new stake in Power Solutions International in the 1st quarter worth approximately $1,008,000. Finally, Navellier & Associates Inc. bought a new stake in Power Solutions International in the 1st quarter worth approximately $1,104,000. Institutional investors own 22.28% of the company's stock.

Power Solutions International Price Performance

Shares of PSIX stock traded down $2.82 during trading hours on Monday, hitting $96.88. 385,389 shares of the company's stock were exchanged, compared to its average volume of 417,484. The company has a market capitalization of $2.23 billion, a PE ratio of 20.14 and a beta of 1.47. The company has a current ratio of 1.16, a quick ratio of 0.67 and a debt-to-equity ratio of 0.01. Power Solutions International, Inc. has a 12-month low of $10.76 and a 12-month high of $121.78. The business's 50 day simple moving average is $70.67 and its 200-day simple moving average is $45.31.

Power Solutions International (NASDAQ:PSIX - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $2.23 EPS for the quarter. The company had revenue of $191.91 million for the quarter. Power Solutions International had a net margin of 18.56% and a return on equity of 174.91%.

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.