Bridgeway Capital Management LLC Purchases New Position in Solaris Energy Infrastructure, Inc. $SEI

Key Points

• Bridgeway Capital Management LLC acquired a new stake in Solaris Energy Infrastructure, purchasing 267,220 shares valued at approximately $5.8 million, bringing its total ownership to about 0.40% as of the latest SEC filing.
• Solaris Energy Infrastructure announced a quarterly dividend of $0.12 per share, scheduled for payment on September 26th, with an annualized yield of 1.8% and a payout ratio of 81.36%.
• Wall Street analysts are generally optimistic about Solaris Energy Infrastructure, with two analysts rating it as Strong Buy and a consensus target price of $43.67, following various price target adjustments.

Bridgeway Capital Management LLC bought a new position in Solaris Energy Infrastructure, Inc. (NYSE:SEI - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 267,220 shares of the company's stock, valued at approximately $5,815,000. Bridgeway Capital Management LLC owned 0.40% of Solaris Energy Infrastructure at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Wayfinding Financial LLC acquired a new position in Solaris Energy Infrastructure in the 1st quarter worth approximately $29,000. US Bancorp DE acquired a new stake in shares of Solaris Energy Infrastructure in the first quarter worth $38,000. California State Teachers Retirement System purchased a new position in shares of Solaris Energy Infrastructure during the fourth quarter valued at $52,000. Nisa Investment Advisors LLC acquired a new position in Solaris Energy Infrastructure during the first quarter valued at $41,000. Finally, Riverview Trust Co purchased a new stake in Solaris Energy Infrastructure in the 1st quarter worth about $47,000. Institutional investors and hedge funds own 67.44% of the company's stock.

Solaris Energy Infrastructure Stock Performance

Shares of Solaris Energy Infrastructure stock traded up $3.87 on Wednesday, reaching $28.79. The stock had a trading volume of 1,531,354 shares, compared to its average volume of 1,545,955. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.98 and a current ratio of 3.11. Solaris Energy Infrastructure, Inc. has a fifty-two week low of $10.96 and a fifty-two week high of $39.03. The business's 50-day moving average price is $29.98 and its two-hundred day moving average price is $26.19. The stock has a market cap of $1.95 billion, a P/E ratio of 48.80 and a beta of 1.15.

Solaris Energy Infrastructure Dividend Announcement

The company 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 annualized dividend and a dividend yield of 1.7%. Solaris Energy Infrastructure's dividend payout ratio is presently 81.36%.

Analysts Set New Price Targets

Several research firms have weighed in on SEI. Wall Street Zen raised Solaris Energy Infrastructure from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Barclays boosted their price objective on shares of Solaris Energy Infrastructure from $39.00 to $44.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Northland Securities set a $50.00 target price on shares of Solaris Energy Infrastructure in a research report on Monday, August 4th. Raymond James Financial restated an "outperform" rating and set a $38.00 price target (down from $39.00) on shares of Solaris Energy Infrastructure in a report on Wednesday, July 23rd. Finally, Stifel Nicolaus reaffirmed a "buy" rating and issued a $45.00 price target (up from $41.00) on shares of Solaris Energy Infrastructure in a research note on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company's stock. According to data from MarketBeat, Solaris Energy Infrastructure currently has a consensus rating of "Buy" and an average price target of $43.67.

Insiders Place Their Bets

In other news, CFO Kyle S. Ramachandran purchased 2,000 shares of the business's stock in a transaction dated Tuesday, September 9th. The shares were acquired at an average price of $25.00 per share, with a total value of $50,000.00. Following the completion of the purchase, the chief financial officer directly owned 370,338 shares of the company's stock, valued at $9,258,450. The trade was a 0.54% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Edgar R. Jr. Giesinger sold 10,000 shares of the company's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $28.86, for a total transaction of $288,600.00. Following the completion of the sale, the director directly owned 90,956 shares of the company's stock, valued at $2,624,990.16. The trade was a 9.91% decrease in their position. The disclosure for this sale can be found here. Insiders own 21.20% of the company's stock.

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.