Gagnon Securities LLC Sells 276,841 Shares of Power Solutions International, Inc. $PSIX

Gagnon Securities LLC trimmed its stake in Power Solutions International, Inc. (NASDAQ:PSIX) by 81.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,770 shares of the company’s stock after selling 276,841 shares during the quarter. Power Solutions International makes up about 1.3% of Gagnon Securities LLC’s portfolio, making the stock its 26th biggest holding. Gagnon Securities LLC’s holdings in Power Solutions International were worth $6,362,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. California State Teachers Retirement System bought a new position in shares of Power Solutions International in the second quarter valued at $26,000. Federated Hermes Inc. bought a new stake in Power Solutions International during the third quarter worth $26,000. Ameritas Investment Partners Inc. acquired a new stake in Power Solutions International in the second quarter valued at $43,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Power Solutions International in the 2nd quarter valued at about $52,000. Finally, MeadowBrook Investment Advisors LLC bought a new position in shares of Power Solutions International in the 2nd quarter valued at about $53,000. Institutional investors own 22.28% of the company’s stock.

Power Solutions International Stock Up 3.8%

Shares of PSIX opened at $75.72 on Friday. Power Solutions International, Inc. has a 52 week low of $18.10 and a 52 week high of $121.78. The firm has a market cap of $1.74 billion, a P/E ratio of 14.40 and a beta of 2.02. The firm’s 50-day simple moving average is $65.27 and its 200 day simple moving average is $79.06. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.19 and a current ratio of 2.28.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Power Solutions International in a research note on Monday, December 29th. Jefferies Financial Group assumed coverage on Power Solutions International in a research note on Monday, December 1st. They issued a “buy” rating and a $110.51 price objective on the stock. Finally, Wall Street Zen cut Power Solutions International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 13th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Power Solutions International has an average rating of “Moderate Buy” and a consensus price target of $101.51.

Power Solutions International Company 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.