Boston Partners Takes $1.01 Million Position in Solaris Energy Infrastructure, Inc. $SEI

Boston Partners purchased a new stake in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 46,338 shares of the company's stock, valued at approximately $1,008,000. Boston Partners owned 0.07% of Solaris Energy Infrastructure as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Wayfinding Financial LLC bought a new position in shares of Solaris Energy Infrastructure in the first quarter valued at approximately $29,000. US Bancorp DE bought a new position in shares of Solaris Energy Infrastructure in the first quarter valued at approximately $38,000. Nisa Investment Advisors LLC bought a new position in shares of Solaris Energy Infrastructure in the first quarter valued at approximately $41,000. Riverview Trust Co bought a new position in shares of Solaris Energy Infrastructure in the first quarter valued at approximately $47,000. Finally, California State Teachers Retirement System bought a new position in shares of Solaris Energy Infrastructure in the fourth quarter valued at approximately $52,000. Institutional investors own 67.44% of the company's stock.

Insider Activity

In related news, Director Aj Teague bought 1,000 shares of the company's 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 acquisition, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 21.20% of the company's stock.

Solaris Energy Infrastructure Stock Performance

SEI traded up $0.28 during trading on Wednesday, reaching $27.09. 1,534,431 shares of the company's stock were exchanged, compared to its average volume of 1,530,610. Solaris Energy Infrastructure, Inc. has a fifty-two week low of $10.96 and a fifty-two week high of $39.03. 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 business has a 50 day moving average price of $29.94 and a 200 day moving average price of $26.18. The company has a market capitalization of $1.83 billion, a P/E ratio of 61.57 and a beta of 1.14.

Solaris Energy Infrastructure Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 16th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.8%. Solaris Energy Infrastructure's dividend payout ratio is presently 81.36%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SEI shares. Wall Street Zen lowered shares of Solaris Energy Infrastructure from a "hold" rating to a "sell" rating in a research report on Wednesday, June 25th. Northland Securities set a $50.00 target price on shares of Solaris Energy Infrastructure in a research report on Monday, August 4th. Vertical Research began coverage on shares of Solaris Energy Infrastructure in a research note on Wednesday, May 14th. They set a "buy" rating and a $36.00 target price for the company. Piper Sandler decreased their price target on shares of Solaris Energy Infrastructure from $51.00 to $50.00 and set an "overweight" rating on the stock in a research report on Wednesday. Finally, Northland Capmk upgraded shares of Solaris Energy Infrastructure to a "strong-buy" rating in a report on Tuesday, April 22nd. Two research analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. According to MarketBeat, Solaris Energy Infrastructure has a consensus rating of "Buy" and an average target price of $43.67.

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.