Capelight Capital Asset Management LP Purchases Shares of 15,000 Power Solutions International, Inc. $PSIX

Capelight Capital Asset Management LP purchased a new stake in Power Solutions International, Inc. (NASDAQ:PSIX) in the 1st quarter, HoldingsChannel reports. The fund purchased 15,000 shares of the company’s stock, valued at approximately $913,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PSIX. Caitong International Asset Management Co. Ltd boosted its holdings in Power Solutions International by 2,672.7% in the third quarter. Caitong International Asset Management Co. Ltd now owns 305 shares of the company’s stock valued at $30,000 after acquiring an additional 294 shares during the last quarter. California State Teachers Retirement System bought a new stake in shares of Power Solutions International in the 2nd quarter valued at $26,000. State of Wyoming bought a new stake in shares of Power Solutions International in the 4th quarter valued at $49,000. Indiana Trust & Investment Management Co acquired a new stake in shares of Power Solutions International during the fourth quarter worth $57,000. Finally, Public Employees Retirement System of Ohio bought a new position in Power Solutions International during the fourth quarter worth $77,000. 22.28% of the stock is owned by institutional investors and hedge funds.

Power Solutions International Stock Up 1.0%

Shares of NASDAQ PSIX opened at $37.08 on Friday. The company has a quick ratio of 1.81, a current ratio of 3.42 and a debt-to-equity ratio of 0.55. The firm has a market cap of $854.69 million, a PE ratio of 8.35 and a beta of 2.00. The company’s fifty day simple moving average is $47.54 and its 200 day simple moving average is $62.77. Power Solutions International, Inc. has a 12-month low of $35.77 and a 12-month high of $121.78.

Wall Street Analysts Forecast Growth

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