10,856 Shares in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) Bought by Cwm LLC

Key Points

• Cwm LLC purchased 10,856 shares of Solaris Energy Infrastructure, valued at approximately $236,000, indicating significant institutional interest in this NASDAQ-listed company.
• Solaris Energy Infrastructure announced a quarterly dividend of $0.12 per share, equating to a 1.48% annual yield and reflecting an 81.36% dividend payout ratio.
• Analysts have mixed views on Solaris, with ratings ranging from buy to sell, and an average target price of $41.78, showcasing varying levels of confidence in the stock's future performance.

Cwm LLC purchased a new position in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,856 shares of the company's stock, valued at approximately $236,000.

Other institutional investors also recently bought and sold shares of the company. Wayfinding Financial LLC bought a new stake in shares of Solaris Energy Infrastructure during the first quarter worth $29,000. Nisa Investment Advisors LLC bought a new position in Solaris Energy Infrastructure during the 1st quarter worth about $41,000. Riverview Trust Co bought a new position in Solaris Energy Infrastructure in the first quarter worth about $47,000. California State Teachers Retirement System bought a new position in Solaris Energy Infrastructure in the fourth quarter worth about $52,000. Finally, New York State Common Retirement Fund bought a new position in Solaris Energy Infrastructure in the first quarter worth about $209,000. 67.44% of the stock is currently owned by institutional investors.

Solaris Energy Infrastructure Stock Performance

NASDAQ:SEI opened at $32.54 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.61 and a quick ratio of 3.40. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 73.94 and a beta of 1.09. The company's 50-day moving average is $28.68 and its two-hundred day moving average is $26.12. Solaris Energy Infrastructure, Inc. has a 1-year low of $10.96 and a 1-year high of $39.03.

Solaris Energy Infrastructure Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 16th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Tuesday, September 16th. Solaris Energy Infrastructure's dividend payout ratio is presently 81.36%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SEI. Barclays dropped their price target on Solaris Energy Infrastructure from $42.00 to $39.00 and set an "overweight" rating on the stock in a research note on Monday, July 21st. Raymond James Financial reiterated an "outperform" rating and issued a $38.00 target price (down previously from $39.00) on shares of Solaris Energy Infrastructure in a research report on Wednesday. Northland Securities started coverage on Solaris Energy Infrastructure in a research report on Tuesday, April 22nd. They issued an "outperform" rating and a $37.00 target price on the stock. Wall Street Zen lowered Solaris Energy Infrastructure from a "hold" rating to a "sell" rating in a research report on Wednesday, June 25th. Finally, Vertical Research assumed coverage on Solaris Energy Infrastructure in a research report on Wednesday, May 14th. They issued a "buy" rating and a $36.00 target price on the stock. One investment analyst has rated the stock with a sell rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $41.78.

Insiders Place Their Bets

In other Solaris Energy Infrastructure news, Director Aj Teague purchased 1,000 shares of the stock in a transaction dated Friday, May 23rd. The stock was acquired at an average cost of $26.77 per share, for a total transaction of $26,770.00. Following the acquisition, the director owned 98,459 shares in the company, valued at $2,635,747.43. This trade represents a 1.03% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William A. Zartler bought 10,000 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were purchased at an average price of $21.78 per share, with a total value of $217,800.00. Following the completion of the acquisition, the chief executive officer directly owned 1,039,227 shares in the company, valued at $22,634,364.06. This trade represents a 0.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 12,000 shares of company stock valued at $267,150. Company insiders own 21.20% of the company's stock.

About Solaris Energy Infrastructure

Solaris Energy Infrastructure, Inc is a holding company, which engages in the manufacture of patented mobile proppant management systems that unload, store, and deliver proppant to oil and natural gas well sites. Its products include Mobile Proppant and Mobile Chemical Management Systems, and Inventory Management Software.

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