Creative Planning Makes New Investment in Power Solutions International, Inc. $PSIX

Creative Planning purchased a new stake in shares of Power Solutions International, Inc. (NASDAQ:PSIX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 10,623 shares of the company’s stock, valued at approximately $687,000.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Jefferies Financial Group started coverage on shares of Power Solutions International in a research note on Monday. They issued a “buy” rating and a $110.51 price objective for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Power Solutions International in a research report on Monday. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $101.51.

Power Solutions International Price Performance

NASDAQ PSIX opened at $58.68 on Thursday. The firm’s fifty day simple moving average is $76.53 and its two-hundred day simple moving average is $75.37. The firm has a market capitalization of $1.35 billion, a P/E ratio of 11.16 and a beta of 2.01. The company has a current ratio of 2.28, a quick ratio of 1.19 and a debt-to-equity ratio of 0.59. Power Solutions International, Inc. has a 12-month low of $15.30 and a 12-month high of $121.78.

Power Solutions International (NASDAQ:PSIX) last issued its quarterly earnings data on Thursday, November 6th. The company reported $1.20 EPS for the quarter. Power Solutions International had a return on equity of 109.04% and a net margin of 17.94%.The firm had revenue of $203.83 million during the quarter.

Insiders Place Their Bets

In other news, major shareholder America Corp. Weichai sold 79,839 shares of the business’s stock in a transaction dated Thursday, September 11th. The stock was 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 in the company, valued at approximately $990,653,476.14. The trade was a 0.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.96% of the company’s stock.

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.