Power Solutions International, Inc. $PSIX Position Trimmed by Corsair Capital Management L.P.

Corsair Capital Management L.P. reduced its holdings in Power Solutions International, Inc. (NASDAQ:PSIX) by 30.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 25,635 shares of the company’s stock after selling 11,132 shares during the quarter. Power Solutions International makes up 0.3% of Corsair Capital Management L.P.’s portfolio, making the stock its 28th biggest position. Corsair Capital Management L.P. owned approximately 0.11% of Power Solutions International worth $1,658,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of PSIX. Wolff Wiese Magana LLC acquired a new stake in Power Solutions International during the second quarter worth about $26,000. Ameritas Investment Partners Inc. bought a new position in shares of Power Solutions International during the second quarter valued at approximately $43,000. MeadowBrook Investment Advisors LLC acquired a new stake in shares of Power Solutions International during the 2nd quarter worth approximately $53,000. Vestcor Inc acquired a new stake in shares of Power Solutions International during the 1st quarter worth approximately $29,000. Finally, Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Power Solutions International in the 2nd quarter worth approximately $92,000. 22.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded Power Solutions International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Insider Activity

In other news, major shareholder America Corp. Weichai sold 79,839 shares of the firm’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $93.46, for a total transaction of $7,461,752.94. Following the transaction, the insider directly 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.96% of the company’s stock.

Power Solutions International Price Performance

Shares of NASDAQ:PSIX opened at $52.61 on Friday. The firm’s 50 day moving average is $81.16 and its two-hundred day moving average is $74.54. The firm has a market capitalization of $1.21 billion, a P/E ratio of 10.94 and a beta of 1.59. 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, Inc. has a 52 week low of $15.30 and a 52 week high of $121.78.

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 return on equity of 136.57% and a net margin of 18.56%.The business had revenue of $203.83 million during the quarter.

Power Solutions International 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.