Gagnon Securities buys $5,472,299 stake in Power Solutions International Inc (PSIX)

Power Solutions International Inc (PSIX) : Gagnon Securities scooped up 15,478 additional shares in Power Solutions International Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 357,433 shares of Power Solutions International Inc which is valued at $5,472,299.Power Solutions International Inc makes up approximately 2.42% of Gagnon Securities’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in PSIX in the latest quarter, The investment management firm added 7,610 additional shares and now holds a total of 173,828 shares of Power Solutions International Inc which is valued at $2,661,307. Teacher Retirement System Of Texas sold out all of its stake in PSIX during the most recent quarter. The investment firm sold 584 shares of PSIX which is valued $9,227.Royce Associates Lp boosted its stake in PSIX in the latest quarter, The investment management firm added 138,196 additional shares and now holds a total of 670,906 shares of Power Solutions International Inc which is valued at $9,962,954. Power Solutions International Inc makes up approx 0.06% of Royce Associates Lp’s portfolio.Oak Ridge Investments reduced its stake in PSIX by selling 155,000 shares or 50.0% in the most recent quarter. The Hedge Fund company now holds 155,000 shares of PSIX which is valued at $2,145,200. Power Solutions International Inc makes up approx 0.05% of Oak Ridge Investments’s portfolio.State Of New Jersey Common Pension Fund D boosted its stake in PSIX in the latest quarter, The investment management firm added 10,000 additional shares and now holds a total of 380,000 shares of Power Solutions International Inc which is valued at $6,064,800. Power Solutions International Inc makes up approx 0.03% of State Of New Jersey Common Pension Fund D’s portfolio.

Power Solutions International Inc closed down -1.58 points or -11.63% at $12.01 with 84,489 shares getting traded on Friday. Post opening the session at $13.53, the shares hit an intraday low of $11.73 and an intraday high of $14.69 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Power Solutions International Inc reported $-0.60 EPS for the quarter, missing the analyst consensus estimate by $ -0.18 based on the information available during the earnings call on May 9, 2016. Analyst had a consensus of $-0.42. The company had revenue of $61.80 million for the quarter, compared to analysts expectations of $59.67 million. The company’s revenue was down -28.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.20 EPS.

Many Wall Street Analysts have commented on Power Solutions International Inc. Company shares were Reiterated by ROTH Capital on Jun 8, 2016 to “Buy”, Firm has raised the Price Target to $ 23 from a previous price target of $16 .

Power Solutions International Inc. is a designer manufacturer distributor and supporter of power systems and custom-engineered integrated electrical power generation systems for industrial original equipment manufacturers (OEMs) across a range of industries including stationary electricity power generation oil and gas material handling aerial work platforms industrial sweepers arbor welding airport ground support turf agricultural construction and irrigation. The Company’s power systems represent a range of emission-certified alternative fuel products for industrial applications. In addition to its emission-certified power systems it produces and distributes non-emission-certified power systems for industrial OEMs for particular applications in markets without emission standards.

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