SG Americas Securities LLC Acquires 214,612 Shares of Power Solutions International, Inc. $PSIX

SG Americas Securities LLC boosted its stake in shares of Power Solutions International, Inc. (NASDAQ:PSIX) by 12,036.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 216,395 shares of the company’s stock after acquiring an additional 214,612 shares during the quarter. SG Americas Securities LLC owned about 0.94% of Power Solutions International worth $13,174,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Situational Awareness LP bought a new stake in shares of Power Solutions International in the 4th quarter valued at approximately $24,702,000. Arrowstreet Capital Limited Partnership lifted its position in Power Solutions International by 344.1% in the third 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 during the last quarter. ANTIPODES PARTNERS Ltd purchased a new position in Power Solutions International during the fourth quarter worth $13,052,000. Portolan Capital Management LLC purchased a new position in Power Solutions International during the third quarter worth $19,232,000. Finally, Dimensional Fund Advisors LP increased its position in Power Solutions International by 802.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 201,891 shares of the company’s stock valued at $11,538,000 after acquiring an additional 179,511 shares during the last quarter. 22.28% of the stock is currently owned by hedge funds and other institutional investors.

Power Solutions International Price Performance

Shares of PSIX stock opened at $37.99 on Friday. The company has a market capitalization of $875.67 million, a P/E ratio of 8.56 and a beta of 2.00. The company’s 50-day simple moving average is $50.88 and its two-hundred day simple moving average is $63.50. Power Solutions International, Inc. has a one year low of $35.77 and a one year high of $121.78. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.42 and a quick ratio of 1.81.

Wall Street Analysts Forecast Growth

PSIX has been the subject of several analyst reports. Loop Capital set a $107.00 target price on shares of Power Solutions International in a report on Wednesday, March 4th. Jefferies Financial Group dropped their target price on Power Solutions International from $110.51 to $92.90 and set a “buy” rating for the company in a research report on Tuesday, March 24th. Weiss Ratings downgraded Power Solutions International from a “buy (b)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. Wall Street Zen lowered Power Solutions International from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Freedom Capital downgraded Power Solutions International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. One equities research 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 currently has an average rating of “Hold” and an average price target of $99.95.

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.