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

Bailard Inc. bought a new stake in shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,152 shares of the company's stock, valued at approximately $243,000.

Several other institutional investors also recently bought and sold shares of the stock. Wayfinding Financial LLC acquired a new stake in Solaris Energy Infrastructure during the first quarter valued at approximately $29,000. California State Teachers Retirement System acquired a new stake in Solaris Energy Infrastructure during the fourth quarter valued at approximately $52,000. Nisa Investment Advisors LLC acquired a new stake in Solaris Energy Infrastructure during the first quarter valued at approximately $41,000. Riverview Trust Co acquired a new stake in Solaris Energy Infrastructure during the first quarter valued at approximately $47,000. Finally, Victory Capital Management Inc. acquired a new stake in Solaris Energy Infrastructure during the first quarter valued at approximately $195,000. 67.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Piper Sandler lifted their target price on shares of Solaris Energy Infrastructure from $50.00 to $51.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Citigroup assumed coverage on shares of Solaris Energy Infrastructure in a research report on Thursday, May 22nd. They issued a "buy" rating for the company. Barclays dropped their price objective on shares of Solaris Energy Infrastructure from $42.00 to $39.00 and set an "overweight" rating for the company in a research report on Monday. Stifel Nicolaus dropped their price objective on shares of Solaris Energy Infrastructure from $45.00 to $41.00 and set a "buy" rating for the company in a research report on Wednesday, July 16th. Finally, Wall Street Zen cut shares of Solaris Energy Infrastructure from a "hold" rating to a "sell" rating in a research report on Wednesday, June 25th. One equities research 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. According to data from MarketBeat, Solaris Energy Infrastructure has an average rating of "Buy" and an average price target of $41.44.

Insider Activity at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, Director Aj Teague acquired 1,000 shares of Solaris Energy Infrastructure stock in a transaction dated 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 acquisition, the director directly owned 98,459 shares of the company's stock, valued at $2,635,747.43. This represents a 1.03% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO William A. Zartler acquired 10,000 shares of the stock in a transaction on Wednesday, May 21st. The stock was bought at an average cost of $21.78 per share, for a total transaction of $217,800.00. Following the transaction, 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 position. The disclosure for this purchase can be found here. Insiders have purchased a total of 12,000 shares of company stock worth $267,150 in the last quarter. 21.20% of the stock is currently owned by company insiders.

Solaris Energy Infrastructure Price Performance

Shares of NASDAQ SEI traded down $0.12 during trading hours on Tuesday, hitting $28.43. 1,221,408 shares of the stock were exchanged, compared to its average volume of 1,116,201. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.40 and a current ratio of 3.61. The company has a market cap of $1.92 billion, a PE ratio of 64.61 and a beta of 1.09. The company's fifty day simple moving average is $27.89 and its two-hundred day simple moving average is $26.07. Solaris Energy Infrastructure, Inc. has a 1-year low of $10.96 and a 1-year high of $39.03.

Solaris Energy Infrastructure Announces Dividend

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 1.69%. Solaris Energy Infrastructure's dividend payout ratio is 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.