Bailard Inc. Buys New Stake in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)

Bailard Inc. bought a new position in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm bought 11,152 shares of the company's stock, valued at approximately $243,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. California State Teachers Retirement System acquired a new stake in Solaris Energy Infrastructure during the 4th quarter worth $52,000. GAMMA Investing LLC purchased a new position in shares of Solaris Energy Infrastructure during the first quarter worth approximately $435,000. Rhumbline Advisers acquired a new stake in shares of Solaris Energy Infrastructure during the first quarter worth $962,000. Retirement Planning Group LLC acquired a new stake in Solaris Energy Infrastructure in the first quarter valued at $802,000. Finally, Riverview Trust Co acquired a new position in shares of Solaris Energy Infrastructure during the 1st quarter worth $47,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SEI has been the subject of a number of recent research reports. Barclays dropped their price objective on Solaris Energy Infrastructure from $42.00 to $39.00 and set an "overweight" rating for the company in a research report on Monday. Raymond James Financial reissued an "outperform" rating and issued a $38.00 price target (down previously from $39.00) on shares of Solaris Energy Infrastructure in a research note on Wednesday. Citigroup assumed coverage on Solaris Energy Infrastructure in a report on Thursday, May 22nd. They set a "buy" rating for the company. Stifel Nicolaus dropped their price target on Solaris Energy Infrastructure from $45.00 to $41.00 and set a "buy" rating on the stock in a research report on Wednesday, July 16th. Finally, Northland Securities assumed coverage on Solaris Energy Infrastructure in a research report on Tuesday, April 22nd. They issued an "outperform" rating and a $37.00 target price on the stock. One analyst has rated the stock with a sell rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $41.33.

Insiders Place Their Bets

In other Solaris Energy Infrastructure news, CEO William A. Zartler acquired 10,000 shares of the company's stock in a transaction on 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 purchase, the chief executive officer directly owned 1,039,227 shares of the company's stock, valued at approximately $22,634,364.06. This represents a 0.97% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Aj Teague bought 1,000 shares of the stock in a transaction dated Friday, May 23rd. The stock was purchased at an average price of $26.77 per share, with a total value of $26,770.00. Following the acquisition, the director directly owned 98,459 shares in the company, valued at approximately $2,635,747.43. The trade was a 1.03% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders bought 12,000 shares of company stock valued at $267,150. Corporate insiders own 21.20% of the company's stock.

Solaris Energy Infrastructure Stock Up 15.1%

SEI traded up $4.45 during midday trading on Thursday, reaching $33.86. The company's stock had a trading volume of 2,638,081 shares, compared to its average volume of 1,462,059. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 77.11 and a beta of 1.09. 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 stock's 50-day moving average is $28.26 and its 200-day moving average is $26.10.

Solaris Energy Infrastructure Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Tuesday, June 3rd were paid a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.42%. Solaris Energy Infrastructure's dividend payout ratio (DPR) is presently 97.96%.

About Solaris Energy Infrastructure

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.