Acuitas Investments LLC Acquires New Stake in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)

Acuitas Investments LLC purchased a new stake in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 171,317 shares of the company's stock, valued at approximately $3,728,000. Solaris Energy Infrastructure accounts for approximately 3.2% of Acuitas Investments LLC's holdings, making the stock its 9th largest position. Acuitas Investments LLC owned 0.26% of Solaris Energy Infrastructure as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Congress Asset Management Co. acquired a new stake in shares of Solaris Energy Infrastructure during the first quarter valued at about $4,379,000. Ritholtz Wealth Management purchased a new position in shares of Solaris Energy Infrastructure during the 1st quarter worth approximately $2,784,000. Rhumbline Advisers purchased a new position in shares of Solaris Energy Infrastructure during the 1st quarter worth approximately $962,000. Retirement Planning Group LLC acquired a new stake in Solaris Energy Infrastructure in the 1st quarter valued at approximately $802,000. Finally, Assenagon Asset Management S.A. purchased a new stake in Solaris Energy Infrastructure in the first quarter valued at approximately $772,000. Institutional investors and hedge funds own 67.44% of the company's stock.

Insider Buying and Selling

In other news, CEO William A. Zartler bought 10,000 shares of Solaris Energy Infrastructure stock in a transaction dated Wednesday, May 21st. The stock was acquired at an average cost of $21.78 per share, with a total value of $217,800.00. Following the acquisition, the chief executive officer owned 1,039,227 shares of the company's stock, valued at approximately $22,634,364.06. This trade represents a 0.97% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Aj Teague bought 1,000 shares of the firm's stock in a transaction dated Friday, May 23rd. The shares were acquired at an average price of $26.77 per share, with a total value of $26,770.00. Following the purchase, the director directly owned 98,459 shares of the company's stock, valued at approximately $2,635,747.43. This trade represents a 1.03% increase in their position. The disclosure for this purchase can be found here. Insiders purchased 12,000 shares of company stock valued at $267,150 over the last ninety days. 21.20% of the stock is currently owned by corporate insiders.

Solaris Energy Infrastructure Stock Up 1.9%

NASDAQ:SEI traded up $0.61 during mid-day trading on Friday, hitting $32.28. The stock had a trading volume of 879,247 shares, compared to its average volume of 1,113,472. Solaris Energy Infrastructure, Inc. has a twelve month low of $10.96 and a twelve month high of $39.03. The stock has a 50-day simple moving average of $26.15 and a two-hundred day simple moving average of $25.91. The company has a current ratio of 3.61, a quick ratio of 3.40 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $2.18 billion, a PE ratio of 73.37 and a beta of 1.09.

Solaris Energy Infrastructure Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Tuesday, June 3rd were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend was Tuesday, June 3rd. Solaris Energy Infrastructure's payout ratio is 97.96%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on SEI shares. Northland Capmk upgraded Solaris Energy Infrastructure to a "strong-buy" rating in a research report on Tuesday, April 22nd. Vertical Research began coverage on Solaris Energy Infrastructure in a research note on Wednesday, May 14th. They set a "buy" rating and a $36.00 target price on the stock. Barclays began coverage on Solaris Energy Infrastructure in a research report on Friday, June 6th. They issued an "overweight" rating and a $42.00 target price for the company. Wall Street Zen lowered shares of Solaris Energy Infrastructure from a "hold" rating to a "sell" rating in a research note on Wednesday, June 25th. Finally, Raymond James Financial assumed coverage on shares of Solaris Energy Infrastructure in a research report on Friday, June 13th. They set an "outperform" rating and a $39.00 price target on the stock. One investment analyst has rated the stock with a sell rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Solaris Energy Infrastructure has a consensus rating of "Buy" and a consensus price target of $42.56.

Solaris Energy Infrastructure 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.