Power Solutions International, Inc. $PSIX Stock: Yunqi Capital Ltd Raises Stake

Yunqi Capital Ltd lifted its position in shares of Power Solutions International, Inc. (NASDAQ:PSIX) by 54.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 521,904 shares of the company’s stock after acquiring an additional 182,904 shares during the quarter. Power Solutions International makes up about 21.6% of Yunqi Capital Ltd’s investment portfolio, making the stock its 2nd biggest position. Yunqi Capital Ltd’s holdings in Power Solutions International were worth $23,992,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC acquired a new position in Power Solutions International in the second quarter worth $63,000. Fulcrum Asset Management LLP bought a new stake in Power Solutions International during the third quarter valued at $100,000. Hamilton Wealth LLC bought a new stake in Power Solutions International during the first quarter valued at $120,000. Triumph Capital Management raised its holdings in shares of Power Solutions International by 32.9% during the second quarter. Triumph Capital Management now owns 4,924 shares of the company’s stock worth $191,000 after purchasing an additional 1,219 shares during the period. Finally, Commonwealth Equity Services LLC bought a new position in shares of Power Solutions International in the 3rd quarter worth about $206,000. 22.28% of the stock is currently owned by institutional investors.

Power Solutions International Stock Performance

Shares of Power Solutions International stock traded down $0.54 on Friday, reaching $38.88. 441,286 shares of the company were exchanged, compared to its average volume of 529,365. The firm has a market cap of $896.96 million, a price-to-earnings ratio of 12.75 and a beta of 2.08. Power Solutions International, Inc. has a 1-year low of $25.28 and a 1-year high of $106.50. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 2.43. The company’s 50-day moving average is $45.05 and its two-hundred day moving average is $51.26.

Power Solutions International (NASDAQ:PSIX) last released its quarterly earnings data on Thursday, November 5th. The company reported $1.30 earnings per share (EPS) for the quarter. The business had revenue of $202.07 million during the quarter. Power Solutions International had a return on equity of 35.61% and a net margin of 10.40%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PSIX. Wall Street Zen raised shares of Power Solutions International from a “hold” rating to a “buy” rating in a report on Saturday, November 7th. Freedom Capital upgraded shares of Power Solutions International from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Power Solutions International in a research note on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $99.95.

About Power Solutions International

Power Solutions International, Inc. designs, engineers, manufactures and sells engines and integrated power systems for commercial and industrial applications. Its products include engines that run on fuels such as natural gas, propane, gasoline and diesel, as well as power-generation systems. The company serves customers in markets including power generation, oil and gas, industrial equipment and transportation. Its systems are used in applications such as standby and prime power, and its products are sold in North America and international markets.