6,548 Shares in Power Solutions International, Inc. $PSIX Purchased by CreativeOne Wealth LLC

CreativeOne Wealth LLC purchased a new stake in Power Solutions International, Inc. (NASDAQ:PSIX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 6,548 shares of the company’s stock, valued at approximately $424,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. bought a new stake in Power Solutions International in the 1st quarter worth about $782,000. Mutual Advisors LLC purchased a new position in shares of Power Solutions International in the 2nd quarter worth approximately $234,000. Thoroughbred Financial Services LLC grew its holdings in shares of Power Solutions International by 108.8% in the first quarter. Thoroughbred Financial Services LLC now owns 21,783 shares of the company’s stock valued at $550,000 after acquiring an additional 11,350 shares in the last quarter. Cetera Investment Advisers purchased a new stake in shares of Power Solutions International during the 1st quarter valued at $516,000. Finally, Perigon Wealth Management LLC bought a new stake in Power Solutions International in the second quarter worth about $322,000. 22.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Power Solutions International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Insider Transactions at Power Solutions International

In other Power Solutions International news, major shareholder America Corp. Weichai sold 79,839 shares of the business’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $93.46, for a total transaction of $7,461,752.94. Following the sale, the insider owned 10,599,759 shares of the company’s stock, valued at $990,653,476.14. The trade was a 0.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.96% of the stock is owned by insiders.

Power Solutions International Price Performance

Shares of NASDAQ:PSIX opened at $54.08 on Friday. The company has a quick ratio of 0.65, a current ratio of 1.26 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $1.25 billion, a PE ratio of 11.24 and a beta of 1.59. Power Solutions International, Inc. has a twelve month low of $15.30 and a twelve month high of $121.78. The company has a 50-day moving average price of $80.04 and a two-hundred day moving average price of $74.95.

Power Solutions International (NASDAQ:PSIX) last posted its quarterly earnings results on Thursday, November 6th. The company reported $1.20 earnings per share (EPS) for the quarter. The company had revenue of $203.83 million for the quarter. Power Solutions International had a net margin of 18.56% and a return on equity of 136.57%.

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.