America Corp. Weichai Acquires 200,000 Shares of Power Solutions International, Inc. (OTC:PSIX) Stock

Power Solutions International, Inc. (OTC:PSIX) major shareholder America Corp. Weichai bought 200,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were purchased at an average cost of $9.50 per share, for a total transaction of $1,900,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Shares of Power Solutions International, Inc. (OTC PSIX) opened at 9.10 on Friday. The firm has a 50-day moving average price of $9.04 and a 200-day moving average price of $8.07. The firm has a market cap of $99.00 million, a price-to-earnings ratio of 92.86 and a beta of 2.73. Power Solutions International, Inc. has a 52-week low of $2.76 and a 52-week high of $15.81.

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Large investors have recently modified their holdings of the company. Parametric Portfolio Associates LLC bought a new stake in shares of Power Solutions International during the first quarter valued at $178,000. Goldman Sachs Group Inc. bought a new stake in shares of Power Solutions International during the first quarter valued at $229,000. Scout Investments Inc. bought a new stake in shares of Power Solutions International during the first quarter valued at $518,000. Gagnon Securities LLC increased its stake in shares of Power Solutions International by 38.6% in the second quarter. Gagnon Securities LLC now owns 484,678 shares of the company’s stock valued at $4,314,000 after buying an additional 135,069 shares during the last quarter. Finally, Elk Creek Partners LLC increased its stake in shares of Power Solutions International by 45.1% in the first quarter. Elk Creek Partners LLC now owns 748,747 shares of the company’s stock valued at $7,555,000 after buying an additional 232,566 shares during the last quarter. 24.61% of the stock is owned by institutional investors.

Separately, Zacks Investment Research raised Power Solutions International from a “sell” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Tuesday, May 30th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Power Solutions International has a consensus rating of “Hold” and a consensus price target of $13.33.

Power Solutions International Company Profile

Power Solutions International, Inc is a producer and distributor of a range of low-emission power systems that run on non-diesel fuels, such as natural gas, propane and gasoline. The Company’s industrial power systems are used by original equipment manufacturers (OEMs) in a range of industries with a diversified set of applications, including stationary electricity generators, oil and gas equipment, forklifts, aerial work platforms, industrial sweepers, arbor equipment, agricultural and turf equipment, aircraft ground support equipment, construction and irrigation equipment, and other industrial equipment.

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