Cvfg LLC Makes New Investment in Power Solutions International, Inc. $PSIX

Cvfg LLC purchased a new position in shares of Power Solutions International, Inc. (NASDAQ:PSIX) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 60,170 shares of the company’s stock, valued at approximately $3,663,000. Cvfg LLC owned about 0.26% of Power Solutions International as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Situational Awareness LP acquired a new stake in Power Solutions International in the 4th quarter worth approximately $24,702,000. Arrowstreet Capital Limited Partnership increased its stake in Power Solutions International by 344.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 325,085 shares of the company’s stock valued at $31,930,000 after purchasing an additional 251,883 shares in the last quarter. ANTIPODES PARTNERS Ltd purchased a new position in shares of Power Solutions International in the fourth quarter worth $13,052,000. SG Americas Securities LLC grew its holdings in shares of Power Solutions International by 12,036.6% during the first quarter. SG Americas Securities LLC now owns 216,395 shares of the company’s stock valued at $13,174,000 after buying an additional 214,612 shares during the last quarter. Finally, Portolan Capital Management LLC acquired a new position in shares of Power Solutions International in the 3rd quarter valued at $19,232,000. 22.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Jefferies Financial Group reduced their target price on 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. Weiss Ratings lowered Power Solutions International from a “buy (b)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. Finally, Freedom Capital cut Power Solutions International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $99.95.

Power Solutions International Stock Down 5.3%

NASDAQ:PSIX opened at $34.73 on Wednesday. The firm has a market capitalization of $800.53 million, a P/E ratio of 7.82 and a beta of 2.00. Power Solutions International, Inc. has a 1-year low of $33.60 and a 1-year high of $121.78. The company’s fifty day moving average price is $44.91 and its 200-day moving average price is $62.17. 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 Company Profile

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.