UBS Group AG Has $150,000 Stake in Power Solutions International, Inc. (PSIX)
UBS Group AG decreased its position in Power Solutions International, Inc. (OTC:PSIX) by 1.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,810 shares of the company’s stock after selling 173 shares during the period. UBS Group AG’s holdings in Power Solutions International were worth $150,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Scout Investments Inc. acquired a new position in shares of Power Solutions International during the first quarter worth about $518,000. Parametric Portfolio Associates LLC acquired a new position in shares of Power Solutions International during the first quarter worth about $178,000. Finally, Elk Creek Partners LLC raised its position in shares of Power Solutions International by 45.1% in the first quarter. Elk Creek Partners LLC now owns 748,747 shares of the company’s stock worth $7,555,000 after buying an additional 232,566 shares during the period. Institutional investors own 24.61% of the company’s stock.
Shares of Power Solutions International, Inc. (OTC PSIX) remained flat at $9.10 during mid-day trading on Friday. 581 shares of the company’s stock traded hands. The firm has a 50-day moving average of $9.05 and a 200-day moving average of $8.06. Power Solutions International, Inc. has a 52-week low of $2.76 and a 52-week high of $15.81. The company has a market cap of $99.00 million, a PE ratio of 92.86 and a beta of 2.73.
Separately, Zacks Investment Research upgraded Power Solutions International from a “sell” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Tuesday, May 30th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Power Solutions International currently has a consensus rating of “Hold” and an average target price of $13.33.
In other news, major shareholder America Corp. Weichai acquired 200,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were purchased at an average cost of $9.50 per share, for a total transaction of $1,900,000.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 56.48% of the stock is currently owned by company insiders.
About Power Solutions International
Power Solutions International, Inc is a producer and distributor of a range of low-emission power systems that run on non-diesel fuels, such as natural gas, propane and gasoline. The Company’s industrial power systems are used by original equipment manufacturers (OEMs) in a range of industries with a diversified set of applications, including stationary electricity generators, oil and gas equipment, forklifts, aerial work platforms, industrial sweepers, arbor equipment, agricultural and turf equipment, aircraft ground support equipment, construction and irrigation equipment, and other industrial equipment.
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