Thompson Davis & CO. Inc. Purchases Shares of 22,050 Power Solutions International, Inc. $PSIX

Thompson Davis & CO. Inc. 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 22,050 shares of the company’s stock, valued at approximately $1,426,000. Power Solutions International makes up about 0.6% of Thompson Davis & CO. Inc.’s portfolio, making the stock its 24th biggest holding. Thompson Davis & CO. Inc. owned 0.10% of Power Solutions International at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in shares of Power Solutions International by 102.2% in the second quarter. Geode Capital Management LLC now owns 154,383 shares of the company’s stock valued at $9,987,000 after purchasing an additional 78,034 shares during the last quarter. Independent Advisor Alliance purchased a new stake in Power Solutions International in the 1st quarter valued at about $1,086,000. Navellier & Associates Inc. bought a new position in shares of Power Solutions International during the 1st quarter worth approximately $1,104,000. Burney Co. purchased a new position in shares of Power Solutions International in the 1st quarter worth approximately $857,000. Finally, Charles Schwab Investment Management Inc. bought a new position in shares of Power Solutions International in the first quarter valued at approximately $782,000. Institutional investors and hedge funds own 22.28% of the company’s stock.

Insider Buying and Selling at Power Solutions International

In related news, major shareholder America Corp. Weichai sold 79,839 shares of the 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 transaction, the insider owned 10,599,759 shares of the company’s stock, valued at approximately $990,653,476.14. This trade represents a 0.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frank P. Simpkins sold 10,000 shares of the business’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $91.64, for a total value of $916,400.00. Following the completion of the sale, the director directly owned 25,000 shares of the company’s stock, valued at approximately $2,291,000. This trade represents a 28.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 177,509 shares of company stock worth $15,576,677 over the last ninety days. Insiders own 0.96% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Power Solutions International in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Power Solutions International has an average rating of “Buy”.

Power Solutions International Price Performance

PSIX stock opened at $64.20 on Thursday. The firm has a 50 day moving average of $89.89 and a 200-day moving average of $72.79. The firm has a market capitalization of $1.48 billion, a P/E ratio of 13.35 and a beta of 1.59. Power Solutions International, Inc. has a 12 month low of $15.30 and a 12 month high of $121.78. The company has a current ratio of 1.26, a quick ratio of 0.65 and a debt-to-equity ratio of 0.01.

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

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.