Valiant Capital Management L.P. Boosts Holdings in Power Solutions International, Inc. $PSIX

Valiant Capital Management L.P. grew its position in Power Solutions International, Inc. (NASDAQ:PSIX) by 38.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 60,505 shares of the company’s stock after purchasing an additional 16,900 shares during the period. Valiant Capital Management L.P.’s holdings in Power Solutions International were worth $3,913,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Cetera Investment Advisers bought a new position in Power Solutions International during the 1st quarter valued at about $516,000. Charles Schwab Investment Management Inc. bought a new position in shares of Power Solutions International during the first quarter valued at approximately $782,000. Virtu Financial LLC bought a new position in shares of Power Solutions International during the first quarter valued at approximately $376,000. Independent Advisor Alliance purchased a new stake in shares of Power Solutions International in the first quarter worth approximately $1,086,000. Finally, EntryPoint Capital LLC bought a new stake in shares of Power Solutions International during the 1st quarter worth approximately $205,000. 22.28% of the stock is owned by hedge funds and other institutional investors.

Power Solutions International Price Performance

Shares of PSIX stock opened at $63.66 on Wednesday. Power Solutions International, Inc. has a twelve month low of $15.30 and a twelve month high of $121.78. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 12.10 and a beta of 2.01. The stock has a fifty day simple moving average of $73.11 and a two-hundred day simple moving average of $76.29. The company has a current ratio of 2.28, a quick ratio of 1.19 and a debt-to-equity ratio of 0.59.

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

Analyst Ratings Changes

PSIX has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Power Solutions International in a research report on Monday. Jefferies Financial Group initiated coverage on shares of Power Solutions International in a research note on Monday, December 1st. They set a “buy” rating and a $110.51 target price for the company. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.51.

Insider Transactions at Power Solutions International

In related news, major shareholder America Corp. Weichai sold 79,839 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $990,653,476.14. The trade was a 0.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.96% of the stock is currently owned by insiders.

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.