Newtyn Management LLC Acquires Shares of 600,890 Power Solutions International, Inc. $PSIX

Newtyn Management LLC bought a new stake in Power Solutions International, Inc. (NASDAQ:PSIX) during the 2nd quarter, Holdings Channel reports. The firm bought 600,890 shares of the company’s stock, valued at approximately $23,369,000. Power Solutions International accounts for about 3.0% of Newtyn Management LLC’s portfolio, making the stock its 14th largest holding.

Several other large investors have also modified their holdings of PSIX. Kerrisdale Advisers LLC raised its stake in shares of Power Solutions International by 115.8% during the second quarter. Kerrisdale Advisers LLC now owns 25,175 shares of the company’s stock worth $979,000 after purchasing an additional 13,510 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Power Solutions International in the 2nd quarter valued at $1,372,000. World Equity Group Inc. grew its position in Power Solutions International by 16.1% in the 2nd quarter. World Equity Group Inc. now owns 20,681 shares of the company’s stock valued at $804,000 after buying an additional 2,873 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in Power Solutions International by 33.4% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 21,546 shares of the company’s stock valued at $838,000 after buying an additional 5,396 shares during the period. Finally, Hamilton Wealth LLC acquired a new position in Power Solutions International in the 1st quarter valued at $120,000. Hedge funds and other institutional investors own 22.28% of the company’s stock.

Analyst Upgrades and Downgrades

PSIX has been the subject of several recent analyst reports. Freedom Capital upgraded shares of Power Solutions International from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Weiss Ratings lowered shares of Power Solutions International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $99.95.

Power Solutions International Stock Performance

NASDAQ:PSIX opened at $36.28 on Monday. The company has a current ratio of 2.57, a quick ratio of 1.49 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $836.98 million, a P/E ratio of 12.30 and a beta of 2.02. The firm has a 50-day moving average price of $35.17 and a two-hundred day moving average price of $52.54. Power Solutions International, Inc. has a twelve month low of $25.28 and a twelve month high of $119.70.

Power Solutions International (NASDAQ:PSIX) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.78 earnings per share for the quarter. Power Solutions International had a net margin of 10.03% and a return on equity of 37.73%. The business had revenue of $152.54 million during the quarter.

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.