Aubrey Capital Management Ltd Buys Shares of 49,500 Solaris Energy Infrastructure, Inc. $SEI

Key Points

• Aubrey Capital Management initiated a position in Solaris Energy Infrastructure, buying 49,500 shares valued at approximately $3.98 million. The stock represents about 2.5% of the fund’s portfolio and 0.06% of Solaris’s outstanding shares.
• Institutional ownership remains significant at 67.44%, with firms including Situational Awareness, Principal Financial Group and Vanguard increasing their stakes.
• Solaris reported quarterly EPS of $0.39, exceeding the $0.31 consensus estimate, on revenue of $219.4 million. Analysts maintain a “Moderate Buy” consensus with an average price target of $87.17, compared with a recent share price of $50.68.

Aubrey Capital Management Ltd acquired a new position in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 49,500 shares of the company's stock, valued at approximately $3,982,000. Solaris Energy Infrastructure makes up about 2.5% of Aubrey Capital Management Ltd's holdings, making the stock its 15th largest position. Aubrey Capital Management Ltd owned about 0.06% of Solaris Energy Infrastructure as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SEI. Maxi Investments CY Ltd acquired a new position in Solaris Energy Infrastructure during the fourth quarter worth about $4,765,000. Situational Awareness LP grew its position in shares of Solaris Energy Infrastructure by 62.3% in the fourth quarter. Situational Awareness LP now owns 1,866,500 shares of the company's stock valued at $85,803,000 after purchasing an additional 716,200 shares during the last quarter. Dockside LLC purchased a new position in shares of Solaris Energy Infrastructure during the 4th quarter worth approximately $3,803,000. Principal Financial Group Inc. raised its position in shares of Solaris Energy Infrastructure by 2,120.7% during the 4th quarter. Principal Financial Group Inc. now owns 1,466,343 shares of the company's stock worth $67,408,000 after purchasing an additional 1,400,311 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Solaris Energy Infrastructure by 9.3% during the 4th quarter. Vanguard Group Inc. now owns 2,913,632 shares of the company's stock valued at $133,940,000 after buying an additional 248,762 shares during the last quarter. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Solaris Energy Infrastructure Stock Up 1.6%

NYSE:SEI opened at $50.68 on Tuesday. The company has a market capitalization of $3.88 billion, a price-to-earnings ratio of 59.62 and a beta of 1.23. Solaris Energy Infrastructure, Inc. has a one year low of $24.57 and a one year high of $86.19. The stock has a 50-day simple moving average of $61.58 and a 200 day simple moving average of $63.53. The company has a debt-to-equity ratio of 2.23, a quick ratio of 4.03 and a current ratio of 4.12.

Solaris Energy Infrastructure (NYSE:SEI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.08. The firm had revenue of $219.40 million for the quarter. Solaris Energy Infrastructure had a return on equity of 13.26% and a net margin of 7.19%. Sell-side analysts predict that Solaris Energy Infrastructure, Inc. will post 0.84 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SEI has been the topic of several analyst reports. Stifel Nicolaus set a $98.00 price target on shares of Solaris Energy Infrastructure in a research note on Friday, August 7th. Wolfe Research assumed coverage on shares of Solaris Energy Infrastructure in a research note on Monday, July 6th. They issued an "outperform" rating and a $120.00 target price on the stock. Barclays upped their target price on Solaris Energy Infrastructure from $86.00 to $90.00 and gave the stock an "overweight" rating in a research report on Monday, August 10th. Piper Sandler increased their target price on Solaris Energy Infrastructure from $80.00 to $82.00 and gave the company an "overweight" rating in a research note on Thursday. Finally, Wall Street Zen downgraded Solaris Energy Infrastructure from a "sell" rating to a "strong sell" rating in a report on Saturday, August 8th. Ten analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $87.17.

About Solaris Energy Infrastructure

Solaris Energy Infrastructure Fund Inc NYSE: SEI is a closed-end management investment company that seeks to provide total return through a combination of current income and capital appreciation. The fund pursues its objective by investing primarily in equity securities of energy infrastructure companies, including master limited partnerships (MLPs) and other midstream entities. SEI is externally managed by Solaris Asset Management LP, a firm specializing in energy infrastructure investments.

The fund’s portfolio targets businesses involved in the gathering, processing, transportation, storage and terminalling of oil, natural gas and refined products.

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