KADENSA CAPITAL Ltd Acquires Shares of 59,710 Power Solutions International, Inc. $PSIX

KADENSA CAPITAL Ltd bought a new position in Power Solutions International, Inc. (NASDAQ:PSIX) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 59,710 shares of the company’s stock, valued at approximately $5,865,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Federated Hermes Inc. purchased a new stake in shares of Power Solutions International during the third quarter valued at approximately $26,000. California State Teachers Retirement System purchased a new position in Power Solutions International in the 2nd quarter worth approximately $26,000. Ameritas Investment Partners Inc. bought a new position in Power Solutions International in the 2nd quarter valued at approximately $43,000. Twin Peaks Wealth Advisors LLC bought a new position in Power Solutions International in the 2nd quarter valued at approximately $52,000. Finally, Police & Firemen s Retirement System of New Jersey purchased a new stake in Power Solutions International during the 2nd quarter valued at $92,000. Institutional investors own 22.28% of the company’s stock.

Analyst Ratings Changes

PSIX has been the subject of a number of research analyst reports. Loop Capital set a $107.00 target price on Power Solutions International in a report on Wednesday, March 4th. Jefferies Financial Group assumed coverage on Power Solutions International in a report on Monday, December 1st. They set a “buy” rating and a $110.51 price target on the stock. Wall Street Zen downgraded Power Solutions International from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Power Solutions International in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $104.26.

Power Solutions International Stock Performance

Shares of PSIX opened at $56.74 on Monday. The company has a quick ratio of 1.77, a current ratio of 3.15 and a debt-to-equity ratio of 0.54. The business has a 50-day simple moving average of $75.47 and a two-hundred day simple moving average of $76.73. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 11.46 and a beta of 2.03. Power Solutions International, Inc. has a 52 week low of $18.10 and a 52 week high of $121.78.

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.