Ballentine Partners LLC Purchases New Holdings in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)

Ballentine Partners LLC acquired a new stake in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 9,635 shares of the company's stock, valued at approximately $210,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Acuitas Investments LLC acquired a new position in shares of Solaris Energy Infrastructure during the first quarter worth about $3,728,000. U.S. Capital Wealth Advisors LLC bought a new position in shares of Solaris Energy Infrastructure during the first quarter worth approximately $267,000. GAMMA Investing LLC bought a new position in shares of Solaris Energy Infrastructure during the first quarter worth approximately $435,000. Congress Asset Management Co. bought a new position in Solaris Energy Infrastructure during the 1st quarter worth $4,379,000. Finally, Assenagon Asset Management S.A. bought a new position in Solaris Energy Infrastructure during the 1st quarter worth $772,000. Institutional investors own 67.44% of the company's stock.

Insider Activity

In related news, CEO William A. Zartler acquired 10,000 shares of the stock in a transaction on Wednesday, May 21st. The stock was acquired at an average cost of $21.78 per share, for a total transaction of $217,800.00. Following the completion of the acquisition, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Aj Teague bought 1,000 shares of the firm's stock in a transaction on Friday, May 23rd. The shares were acquired at an average cost of $26.77 per share, with a total value of $26,770.00. Following the purchase, the director directly owned 98,459 shares of the company's stock, 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 acquired 12,000 shares of company stock valued at $267,150 over the last 90 days. 21.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on SEI. Vertical Research began coverage on Solaris Energy Infrastructure in a report on Wednesday, May 14th. They set a "buy" rating and a $36.00 price objective on the stock. Wall Street Zen downgraded Solaris Energy Infrastructure from a "hold" rating to a "sell" rating in a research note on Wednesday, June 25th. Citigroup initiated coverage on Solaris Energy Infrastructure in a research note on Thursday, May 22nd. They issued a "buy" rating on the stock. Northland Capmk upgraded Solaris Energy Infrastructure to a "strong-buy" rating in a research note on Tuesday, April 22nd. Finally, Stifel Nicolaus dropped their target price 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. One investment 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 stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $41.44.

Solaris Energy Infrastructure Trading Down 2.1%

Shares of Solaris Energy Infrastructure stock traded down $0.61 during trading on Monday, reaching $28.58. 1,261,288 shares of the stock were exchanged, compared to its average volume of 1,115,704. The company has a quick ratio of 3.40, a current ratio of 3.61 and a debt-to-equity ratio of 0.77. The stock's fifty day moving average is $27.89 and its 200 day moving average is $26.07. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 64.96 and a beta of 1.09. Solaris Energy Infrastructure, Inc. has a 1 year low of $10.96 and a 1 year high of $39.03.

Solaris Energy Infrastructure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Tuesday, June 3rd were issued a $0.12 dividend. The ex-dividend date was Tuesday, June 3rd. This represents a $0.48 annualized dividend and a yield of 1.68%. Solaris Energy Infrastructure's dividend payout ratio (DPR) is presently 97.96%.

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.