Capelight Capital Asset Management LP Makes New $913,000 Investment in Power Solutions International, Inc. $PSIX

Capelight Capital Asset Management LP bought a new stake in Power Solutions International, Inc. (NASDAQ:PSIX) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm bought 15,000 shares of the company’s stock, valued at approximately $913,000. Capelight Capital Asset Management LP owned 0.07% of Power Solutions International as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Power Solutions International by 38.9% in the third quarter. Vanguard Group Inc. now owns 502,381 shares of the company’s stock valued at $49,344,000 after acquiring an additional 140,743 shares during the last quarter. Situational Awareness LP bought a new position in shares of Power Solutions International in the 4th quarter valued at $24,702,000. Allspring Global Investments Holdings LLC increased its stake in shares of Power Solutions International by 59.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 328,761 shares of the company’s stock valued at $20,229,000 after purchasing an additional 122,672 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Power Solutions International by 344.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 325,085 shares of the company’s stock worth $31,930,000 after buying an additional 251,883 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd acquired a new position in shares of Power Solutions International during the 4th quarter worth $13,052,000. 22.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on PSIX shares. Freedom Capital cut shares of Power Solutions International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Weiss Ratings lowered shares of Power Solutions International from a “buy (b)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. Wall Street Zen cut shares of Power Solutions International from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Jefferies Financial Group dropped their price objective on shares of Power Solutions International from $110.51 to $92.90 and set a “buy” rating for the company in a research note on Tuesday, March 24th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $99.95.

Power Solutions International Stock Up 1.0%

NASDAQ:PSIX opened at $37.08 on Friday. The firm’s 50 day simple moving average is $47.54 and its 200 day simple moving average is $62.77. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.42 and a quick ratio of 1.81. Power Solutions International, Inc. has a one year low of $35.77 and a one year high of $121.78. The company has a market cap of $854.69 million, a PE ratio of 8.35 and a beta of 2.00.

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.