Goldman Sachs Group Inc. Invests $625,000 in Power Solutions International, Inc. $PSIX

Goldman Sachs Group Inc. bought a new position in shares of Power Solutions International, Inc. (NASDAQ:PSIX) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 24,717 shares of the company’s stock, valued at approximately $625,000. Goldman Sachs Group Inc. owned 0.11% of Power Solutions International at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in PSIX. Independent Advisor Alliance bought a new position in Power Solutions International in the first quarter valued at approximately $1,086,000. Ritholtz Wealth Management bought a new position in Power Solutions International in the first quarter valued at approximately $1,008,000. Navellier & Associates Inc. bought a new position in Power Solutions International in the first quarter valued at approximately $1,104,000. Corsair Capital Management L.P. increased its stake in Power Solutions International by 129.8% in the first quarter. Corsair Capital Management L.P. now owns 36,767 shares of the company’s stock valued at $929,000 after acquiring an additional 20,767 shares during the last quarter. Finally, Burney Co. bought a new position in Power Solutions International in the first quarter valued at approximately $857,000. 22.28% of the stock is owned by institutional investors.

Power Solutions International Stock Performance

Shares of NASDAQ:PSIX opened at $110.87 on Thursday. The company’s 50 day simple moving average is $90.97 and its 200 day simple moving average is $57.67. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 23.05 and a beta of 1.58. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.26 and a quick ratio of 0.65. Power Solutions International, Inc. has a 1 year low of $15.30 and a 1 year high of $121.78.

Power Solutions International (NASDAQ:PSIX) last issued its earnings results on Thursday, August 7th. The company reported $2.23 earnings per share for the quarter. Power Solutions International had a net margin of 18.56% and a return on equity of 136.57%. The firm had revenue of $191.91 million for the quarter.

Insider Transactions at Power Solutions International

In other Power Solutions International news, major shareholder America Corp. Weichai sold 79,839 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $93.46, for a total value of $7,461,752.94. Following the sale, the insider owned 10,599,759 shares in the company, valued at $990,653,476.14. This trade represents a 0.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Constantine Xykis sold 26,005 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $95.85, for a total transaction of $2,492,579.25. Following the completion of the sale, the chief executive officer owned 7,854 shares in the company, valued at $752,805.90. This represents a 76.80% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 211,014 shares of company stock valued at $18,768,831. Corporate insiders own 0.96% of the company’s stock.

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.