Cvfg LLC Invests $3.66 Million in Power Solutions International, Inc. $PSIX

Cvfg LLC purchased a new stake in shares of Power Solutions International, Inc. (NASDAQ:PSIX) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 60,170 shares of the company’s stock, valued at approximately $3,663,000.

A number of other large investors also recently bought and sold shares of PSIX. Allspring Global Investments Holdings LLC lifted its stake in shares of Power Solutions International by 59.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 328,761 shares of the company’s stock valued at $20,229,000 after purchasing an additional 122,672 shares during the period. Navellier & Associates Inc. grew its position in Power Solutions International by 58.6% during the fourth quarter. Navellier & Associates Inc. now owns 101,729 shares of the company’s stock valued at $5,813,000 after buying an additional 37,569 shares during the period. Ruffer LLP purchased a new position in Power Solutions International in the fourth quarter valued at $2,178,000. Portolan Capital Management LLC purchased a new position in Power Solutions International in the third quarter valued at $19,232,000. Finally, Mercuria Capital Strategies LLC acquired a new position in shares of Power Solutions International in the third quarter worth about $4,566,000. 22.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PSIX has been the topic of a number of analyst reports. Jefferies Financial Group dropped their target price on Power Solutions International from $110.51 to $92.90 and set a “buy” rating on the stock in a research report on Tuesday, March 24th. Weiss Ratings downgraded Power Solutions International from a “buy (b)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. Finally, Freedom Capital lowered Power Solutions International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Power Solutions International has an average rating of “Hold” and an average price target of $99.95.

Power Solutions International Stock Performance

PSIX opened at $34.73 on Wednesday. The company has a quick ratio of 1.81, a current ratio of 3.42 and a debt-to-equity ratio of 0.55. The company has a market cap of $800.53 million, a price-to-earnings ratio of 7.82 and a beta of 2.00. Power Solutions International, Inc. has a 52-week low of $33.60 and a 52-week high of $121.78. The firm’s fifty day simple moving average is $44.91 and its two-hundred day simple moving average is $62.17.

About Power Solutions International

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.