Acuitas Investments LLC Invests $3.73 Million in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)

Acuitas Investments LLC bought a new position in shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 171,317 shares of the company's stock, valued at approximately $3,728,000. Solaris Energy Infrastructure comprises 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 filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SEI. Congress Asset Management Co. bought a new position in shares of Solaris Energy Infrastructure during the 1st quarter worth approximately $4,379,000. Ritholtz Wealth Management bought a new position in Solaris Energy Infrastructure during the first quarter worth $2,784,000. Rhumbline Advisers bought a new position in Solaris Energy Infrastructure during the first quarter worth $962,000. Retirement Planning Group LLC acquired a new position in shares of Solaris Energy Infrastructure in the first quarter valued at $802,000. Finally, Assenagon Asset Management S.A. bought a new position in shares of Solaris Energy Infrastructure in the first quarter valued at about $772,000. 67.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SEI. Barclays started coverage on shares of Solaris Energy Infrastructure in a research note on Friday, June 6th. They issued an "overweight" rating and a $42.00 price target on the stock. Wall Street Zen downgraded Solaris Energy Infrastructure from a "hold" rating to a "sell" rating in a research report on Wednesday, June 25th. Raymond James Financial initiated coverage on Solaris Energy Infrastructure in a research note on Friday, June 13th. They set an "outperform" rating and a $39.00 target price on the stock. Northland Capmk upgraded Solaris Energy Infrastructure to a "strong-buy" rating in a research note on Tuesday, April 22nd. Finally, Northland Securities initiated coverage on Solaris Energy Infrastructure in a report on Tuesday, April 22nd. They issued an "outperform" rating and a $37.00 price objective 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's stock. According to data from MarketBeat, Solaris Energy Infrastructure has a consensus rating of "Buy" and a consensus target price of $42.56.

Solaris Energy Infrastructure Price Performance

SEI traded up $2.60 on Wednesday, hitting $31.68. 2,019,780 shares of the stock were exchanged, compared to its average volume of 1,114,637. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 72.00 and a beta of 1.11. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.61 and a quick ratio of 3.40. Solaris Energy Infrastructure, Inc. has a 12 month low of $10.96 and a 12 month high of $39.03. The business has a 50-day moving average of $25.42 and a two-hundred day moving average of $25.83.

Solaris Energy Infrastructure Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Tuesday, June 3rd were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $0.48 annualized dividend and a dividend yield of 1.52%. Solaris Energy Infrastructure's dividend payout ratio is 97.96%.

Insider Buying and Selling

In other Solaris Energy Infrastructure news, Director Aj Teague bought 1,000 shares of the business's stock in a transaction 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 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO William A. Zartler purchased 10,000 shares of the firm's stock in a transaction dated Wednesday, May 21st. The stock was acquired at an average price of $21.78 per share, for a total transaction of $217,800.00. Following the purchase, the chief executive officer owned 1,039,227 shares in the company, valued at approximately $22,634,364.06. The trade was a 0.97% increase in their position. The disclosure for this purchase can be found here. Insiders purchased 12,000 shares of company stock worth $267,150 over the last three months. 21.20% of the stock is currently owned by insiders.

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.