Bailard Inc. Purchases Shares of 11,152 Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)

Bailard Inc. purchased a new stake in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 11,152 shares of the company's stock, valued at approximately $243,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wayfinding Financial LLC acquired a new position in shares of Solaris Energy Infrastructure during the 1st quarter worth $29,000. California State Teachers Retirement System bought a new position in Solaris Energy Infrastructure in the fourth quarter valued at about $52,000. Nisa Investment Advisors LLC acquired a new position in Solaris Energy Infrastructure during the first quarter worth about $41,000. Riverview Trust Co bought a new position in shares of Solaris Energy Infrastructure in the first quarter worth about $47,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at approximately $195,000. Institutional investors own 67.44% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on SEI shares. Northland Capmk raised shares of Solaris Energy Infrastructure to a "strong-buy" rating in a research note on Tuesday, April 22nd. Barclays cut their price objective on Solaris Energy Infrastructure from $42.00 to $39.00 and set an "overweight" rating on the stock in a report on Monday. Citigroup started coverage on Solaris Energy Infrastructure in a report on Thursday, May 22nd. They issued a "buy" rating for the company. Piper Sandler lifted their price target on Solaris Energy Infrastructure from $50.00 to $51.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Finally, Stifel Nicolaus lowered their price objective on Solaris Energy Infrastructure from $45.00 to $41.00 and set a "buy" rating for the company in a research note on Wednesday, July 16th. One research analyst has rated the stock with a sell rating, ten have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Solaris Energy Infrastructure presently has a consensus rating of "Buy" and an average price target of $41.33.

Insiders Place Their Bets

In other news, CEO William A. Zartler purchased 10,000 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were acquired at an average price of $21.78 per share, with a total value of $217,800.00. Following the completion of the transaction, the chief executive officer owned 1,039,227 shares of the company's stock, valued at $22,634,364.06. The trade was a 0.97% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Aj Teague acquired 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, with a total value of $26,770.00. Following the completion of the transaction, the director owned 98,459 shares in the company, valued at approximately $2,635,747.43. This represents a 1.03% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 12,000 shares of company stock valued at $267,150 in the last three months. 21.20% of the stock is owned by insiders.

Solaris Energy Infrastructure Trading Up 14.4%

NASDAQ:SEI traded up $4.24 on Thursday, reaching $33.65. 4,554,368 shares of the stock traded hands, compared to its average volume of 1,476,759. The company has a current ratio of 3.61, a quick ratio of 3.40 and a debt-to-equity ratio of 0.77. Solaris Energy Infrastructure, Inc. has a 1-year low of $10.96 and a 1-year high of $39.03. The company's 50 day moving average is $28.48 and its 200-day moving average is $26.11. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 76.47 and a beta of 1.09.

Solaris Energy Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders 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 1.43%. The ex-dividend date of this dividend is Tuesday, September 16th. Solaris Energy Infrastructure's dividend payout ratio (DPR) is presently 97.96%.

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.