SCHEDULE: Neil Gagnon and Affiliates Report Ownership Stake in Power Solutions International

Neil Gagnon, along with Gagnon Securities LLC and Gagnon Advisors, LLC, has reported a combined beneficial ownership of 1,678,849 shares, representing 7.3% of Power Solutions International's common stock.

Summary

• This document is a Schedule 13G filing, indicating ownership of Power Solutions International, Inc. common stock.
• Neil Gagnon directly owns 163,944 shares with sole voting and dispositive power.
• He also has shared voting power over 1,481,636 shares and shared dispositive power over 1,514,905 shares.
• Gagnon Securities LLC holds 923,094 shares, with shared voting power over 898,225 shares and shared dispositive power over 923,094 shares.
• Gagnon Advisors, LLC holds 470,165 shares, with shared voting and dispositive power over all of these shares.
• The total beneficial ownership of Neil Gagnon and his affiliated entities is 1,678,849 shares, representing 7.3% of the outstanding common stock.
• The filing is based on 22,968,872 shares outstanding as of October 31, 2024.

Sentiment

Score: 6

Explanation: The document is a neutral filing, indicating a significant ownership stake, which is neither overly positive nor negative. It is a standard regulatory disclosure.

Positives

• The filing indicates a significant ownership stake by Neil Gagnon and his affiliated entities, suggesting confidence in the company.
• The combined ownership of 7.3% is a substantial position.

Risks

• The document does not explicitly state any risks, but the concentration of ownership could potentially lead to influence over the company's direction.

Industry Context

This filing is a standard disclosure for investors who acquire more than 5% of a company's stock, and it is common in the investment management industry.

Comparison to Industry Standards

• Schedule 13G filings are a standard practice for investors who reach a certain ownership threshold in a publicly traded company.
• The ownership structure, with individual and affiliated entities holding shares, is common among investment professionals.
• The 7.3% ownership stake is significant and would be considered a notable position in a company of this size.

Stakeholder Impact

• The filing informs shareholders of the significant ownership stake held by Neil Gagnon and his affiliates.
• This information is relevant to investors as it provides insight into the ownership structure of the company.

Key Dates

Keywords

Power Solutions International, Neil Gagnon, Gagnon Securities LLC, Gagnon Advisors LLC, beneficial ownership, Schedule 13G, investment, shareholding