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

Ritholtz Wealth Management bought a new stake in Power Solutions International, Inc. (NASDAQ:PSIX) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 39,855 shares of the company’s stock, valued at approximately $1,008,000. Ritholtz Wealth Management owned approximately 0.17% of Power Solutions International as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Portolan Capital Management LLC purchased a new stake in shares of Power Solutions International in the fourth quarter valued at about $10,153,000. S Squared Technology LLC purchased a new stake in shares of Power Solutions International in the 4th quarter valued at approximately $8,718,000. O Shaughnessy Asset Management LLC purchased a new stake in shares of Power Solutions International in the 4th quarter valued at approximately $2,168,000. Marshall Wace LLP purchased a new stake in shares of Power Solutions International in the 4th quarter valued at approximately $2,130,000. Finally, Manatuck Hill Partners LLC purchased a new stake in shares of Power Solutions International in the 4th quarter valued at approximately $620,000. 22.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Craig Hallum reaffirmed a “buy” rating on shares of Power Solutions International in a research report on Tuesday, March 25th.

Insider Activity

In related news, major shareholder Gary S. Winemaster sold 2,000 shares of Power Solutions International stock in a transaction that occurred on Friday, April 11th. The shares were 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.60% of the company’s stock.

Power Solutions International Stock Down 1.5%

Shares of PSIX stock opened at $52.74 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.16 and a quick ratio of 0.67. Power Solutions International, Inc. has a 52 week low of $5.70 and a 52 week high of $54.31. The stock has a market cap of $1.21 billion, a PE ratio of 14.94 and a beta of 1.26. The firm has a 50 day simple moving average of $34.42.

Power Solutions International (NASDAQ:PSIX) last released its earnings results on Thursday, May 8th. The company reported $0.83 earnings per share (EPS) for the quarter. The firm had revenue of $135.45 million during the quarter. Power Solutions International had a return on equity of 141.76% and a net margin of 15.74%.

Power Solutions International 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.