58,868 Shares in Solaris Energy Infrastructure, Inc. $SEI Acquired by Connor Clark & Lunn Investment Management Ltd.

Key Points

• Connor Clark & Lunn Investment Management Ltd. purchased 58,868 shares of Solaris Energy Infrastructure, valued at approximately $1,281,000, during the first quarter of the year.
• Solaris Energy Infrastructure recently declared a quarterly dividend of $0.12, which represents an annualized yield of 1.7% and is set to be paid on September 26th.
• Analysts have a consensus price target of $43.78 for Solaris Energy Infrastructure, with ten buy ratings and one sell rating on the stock.

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 58,868 shares of the company's stock, valued at approximately $1,281,000. Connor Clark & Lunn Investment Management Ltd. owned 0.09% of Solaris Energy Infrastructure at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Wayfinding Financial LLC acquired a new position in Solaris Energy Infrastructure in the first quarter valued at approximately $29,000. US Bancorp DE acquired a new position in Solaris Energy Infrastructure in the first quarter valued at approximately $38,000. California State Teachers Retirement System acquired a new position in Solaris Energy Infrastructure in the fourth quarter valued at approximately $52,000. Nisa Investment Advisors LLC acquired a new position in Solaris Energy Infrastructure in the first quarter valued at approximately $41,000. Finally, Riverview Trust Co acquired a new position in Solaris Energy Infrastructure in the first quarter valued at approximately $47,000. 67.44% of the stock is owned by institutional investors and hedge funds.

Solaris Energy Infrastructure Price Performance

Shares of Solaris Energy Infrastructure stock traded up $0.9180 on Thursday, reaching $28.0780. The company's stock had a trading volume of 1,324,566 shares, compared to its average volume of 1,529,313. The company has a market capitalization of $1.90 billion, a P/E ratio of 63.82 and a beta of 1.14. Solaris Energy Infrastructure, Inc. has a 52-week low of $10.96 and a 52-week high of $39.03. The stock has a 50-day moving average price of $29.94 and a 200-day moving average price of $26.18. The company has a quick ratio of 3.40, a current ratio of 3.61 and a debt-to-equity ratio of 0.77.

Solaris Energy Infrastructure Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 16th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Tuesday, September 16th. Solaris Energy Infrastructure's payout ratio is presently 81.36%.

Insider Activity at Solaris Energy Infrastructure

In other news, Director Aj Teague purchased 1,000 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The stock was purchased at an average cost of $26.77 per share, for a total transaction of $26,770.00. Following the completion of the transaction, the director owned 98,459 shares of the company's stock, valued at $2,635,747.43. This trade represents a 1.03% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 21.20% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on SEI shares. Stifel Nicolaus reissued a "buy" rating and issued a $45.00 price target (up from $41.00) on shares of Solaris Energy Infrastructure in a report on Friday, July 25th. Wall Street Zen cut Solaris Energy Infrastructure from a "hold" rating to a "sell" rating in a research report on Wednesday, June 25th. Barclays boosted their price objective on Solaris Energy Infrastructure from $39.00 to $44.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. 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 price objective for the company. Finally, Northland Securities set a $50.00 price objective on Solaris Energy Infrastructure in a research report on Monday, August 4th. Two research analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $43.67.

Solaris Energy Infrastructure Company Profile

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.