KADENSA CAPITAL Ltd Makes New Investment in Power Solutions International, Inc. $PSIX

KADENSA CAPITAL Ltd acquired a new position in Power Solutions International, Inc. (NASDAQ:PSIX) during the third quarter, according to its most recent filing with the SEC. The firm acquired 59,710 shares of the company’s stock, valued at approximately $5,865,000. KADENSA CAPITAL Ltd owned about 0.26% of Power Solutions International as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of America Corp DE lifted its stake in Power Solutions International by 147.2% in the third quarter. Bank of America Corp DE now owns 9,565 shares of the company’s stock worth $939,000 after acquiring an additional 5,696 shares during the period. Algert Global LLC purchased a new position in Power Solutions International during the 3rd quarter valued at $733,000. Alliancebernstein L.P. increased its position in Power Solutions International by 334.2% during the 3rd quarter. Alliancebernstein L.P. now owns 19,540 shares of the company’s stock valued at $1,919,000 after purchasing an additional 15,040 shares during the period. Ameriprise Financial Inc. bought a new position in Power Solutions International in the 3rd quarter worth $3,438,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in Power Solutions International in the 3rd quarter worth $978,000. Institutional investors own 22.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Jefferies Financial Group started coverage on shares of Power Solutions International in a research note on Monday, December 1st. They set a “buy” rating and a $110.51 target price on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Power Solutions International in a research note on Monday, December 29th. Loop Capital set a $107.00 price objective on shares of Power Solutions International in a report on Wednesday, March 4th. Finally, Wall Street Zen cut Power Solutions International from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Power Solutions International presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.26.

Power Solutions International Stock Down 6.3%

PSIX stock opened at $56.74 on Monday. The business has a 50 day moving average of $75.47 and a 200 day moving average of $76.73. The firm has a market cap of $1.31 billion, a PE ratio of 11.46 and a beta of 2.03. Power Solutions International, Inc. has a twelve month low of $18.10 and a twelve month high of $121.78. The company has a quick ratio of 1.77, a current ratio of 3.15 and a debt-to-equity ratio of 0.54.

Power Solutions International Profile

Power Solutions International, Inc is a global designer and manufacturer of integrated powertrain solutions for commercial vehicle, industrial and military applications. Headquartered in Wood Dale, Illinois, the company develops and assembles advanced diesel engine and transmission packages under the Atlas® brand, combining proprietary engine technology with high-efficiency transmissions to deliver power-dense systems. These solutions are tailored for medium- and heavy-duty trucks, buses, construction equipment, generator sets and specialty vehicles.

In addition to complete powertrain systems, the company offers a broad range of component products including diesel engines, transmissions and aftertreatment modules.