O Shaughnessy Asset Management LLC Purchases Shares of 72,868 Power Solutions International Inc (NASDAQ:PSIX)

O Shaughnessy Asset Management LLC acquired a new stake in Power Solutions International Inc (NASDAQ:PSIX - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 72,868 shares of the company's stock, valued at approximately $2,168,000. O Shaughnessy Asset Management LLC owned about 0.32% of Power Solutions International at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Heck Capital Advisors LLC acquired a new stake in shares of Power Solutions International during the 4th quarter worth approximately $94,000. Spire Wealth Management purchased a new position in Power Solutions International in the 4th quarter valued at approximately $96,000. Astoria Portfolio Advisors LLC. purchased a new position in Power Solutions International in the 4th quarter valued at approximately $216,000. Evernest Financial Advisors LLC purchased a new position in Power Solutions International in the 4th quarter valued at approximately $223,000. Finally, Thompson Davis & CO. Inc. purchased a new position in Power Solutions International in the 4th quarter valued at approximately $251,000. Institutional investors and hedge funds own 22.28% of the company's stock.

Insider Activity

In related news, major shareholder Gary S. Winemaster sold 15,181 shares of the business's stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $37.05, for a total transaction of $562,456.05. Following the sale, the insider now owns 2,999,102 shares of the company's stock, valued at approximately $111,116,729.10. The trade was a 0.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.60% of the company's stock.

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Wall Street Analysts Forecast Growth

Separately, Craig Hallum restated a "buy" rating on shares of Power Solutions International in a report on Tuesday, March 25th.

Power Solutions International Stock Performance

Shares of PSIX traded down $0.90 during midday trading on Thursday, reaching $21.49. The stock had a trading volume of 64,517 shares, compared to its average volume of 337,689. The business has a fifty day moving average price of $31.60. Power Solutions International Inc has a 1-year low of $2.00 and a 1-year high of $45.74. The firm has a market capitalization of $494.44 million, a P/E ratio of 9.11 and a beta of 0.80.

Power Solutions International (NASDAQ:PSIX - Get Free Report) last posted its quarterly earnings data on Monday, March 24th. The company reported $1.03 EPS for the quarter. The company had revenue of $144.30 million for the quarter. Power Solutions International had a net margin of 12.46% and a return on equity of 293.35%.

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.