D Orazio & Associates Inc. Takes Position in Power Solutions International, Inc. $PSIX

D Orazio & Associates Inc. acquired a new stake in Power Solutions International, Inc. (NASDAQ:PSIX) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 4,868 shares of the company’s stock, valued at approximately $315,000.

Several other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC grew its position in Power Solutions International by 102.2% in the 2nd quarter. Geode Capital Management LLC now owns 154,383 shares of the company’s stock valued at $9,987,000 after acquiring an additional 78,034 shares in the last quarter. Independent Advisor Alliance purchased a new position in shares of Power Solutions International in the first quarter valued at approximately $1,086,000. Ritholtz Wealth Management boosted its stake in shares of Power Solutions International by 2.6% in the second quarter. Ritholtz Wealth Management now owns 40,873 shares of the company’s stock valued at $2,644,000 after purchasing an additional 1,018 shares during the period. Navellier & Associates Inc. acquired a new position in shares of Power Solutions International in the first quarter valued at approximately $1,104,000. Finally, Burney Co. grew its holdings in shares of Power Solutions International by 15.5% in the second quarter. Burney Co. now owns 39,138 shares of the company’s stock valued at $2,531,000 after purchasing an additional 5,248 shares in the last quarter. Institutional investors and hedge funds own 22.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated 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, the stock has a consensus rating of “Buy”.

Insider Buying and Selling at Power Solutions International

In other news, CFO Xun Li sold 8,000 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $92.36, for a total transaction of $738,880.00. Following the completion of the transaction, the chief financial officer directly owned 221 shares of the company’s stock, valued at approximately $20,411.56. This represents a 97.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder America Corp. Weichai sold 79,839 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $93.46, for a total value of $7,461,752.94. Following the completion of the transaction, the insider owned 10,599,759 shares in the company, valued at approximately $990,653,476.14. The trade was a 0.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 177,509 shares of company stock worth $15,576,677 over the last ninety days. Corporate insiders own 0.96% of the company’s stock.

Power Solutions International Stock Down 9.9%

Shares of NASDAQ:PSIX opened at $58.26 on Friday. The company has a quick ratio of 0.65, a current ratio of 1.26 and a debt-to-equity ratio of 0.01. Power Solutions International, Inc. has a fifty-two week low of $15.30 and a fifty-two week high of $121.78. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 12.11 and a beta of 1.59. The firm’s 50 day moving average price is $89.32 and its 200 day moving average price is $72.69.

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

About Power Solutions International

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.