Brightline Capital Management LLC Invests $24.31 Million in Solaris Energy Infrastructure, Inc. $SEI

Key Points

• Brightline Capital Management LLC has acquired a significant stake in Solaris Energy Infrastructure, purchasing approximately 1,117,000 shares valued at $24.31 million, making it the firm's largest position.
• Several institutional investors have also increased their positions in Solaris Energy Infrastructure, with notable acquisitions totaling over $27 million during the first quarter.
• Current analysts' ratings for Solaris Energy Infrastructure include two "Strong Buy" ratings, ten "Buy" ratings, and a price target range of $43.67 to $50.00, indicating strong market confidence despite a recent downgrade to "sell" by one firm.

Brightline Capital Management LLC acquired a new stake in shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,117,000 shares of the company's stock, valued at approximately $24,306,000. Solaris Energy Infrastructure makes up about 21.1% of Brightline Capital Management LLC's portfolio, making the stock its biggest position. Brightline Capital Management LLC owned approximately 1.66% of Solaris Energy Infrastructure at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Channing Capital Management LLC bought a new position in Solaris Energy Infrastructure during the first quarter valued at approximately $6,200,000. T. Rowe Price Investment Management Inc. bought a new position in Solaris Energy Infrastructure during the first quarter valued at approximately $8,256,000. EntryPoint Capital LLC bought a new position in Solaris Energy Infrastructure during the first quarter valued at approximately $420,000. Credit Agricole S A bought a new position in Solaris Energy Infrastructure during the first quarter valued at approximately $1,935,000. Finally, Quantbot Technologies LP bought a new position in Solaris Energy Infrastructure during the first quarter valued at approximately $3,107,000. Institutional investors own 67.44% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. 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 price objective on shares of Solaris Energy Infrastructure in a research report on Monday, August 4th. Piper Sandler cut their price objective 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. Stifel Nicolaus reiterated a "buy" rating and set a $45.00 price target (up previously from $41.00) on shares of Solaris Energy Infrastructure in a report on Friday, July 25th. Finally, Citigroup started coverage on Solaris Energy Infrastructure in a report on Thursday, May 22nd. They set a "buy" rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $43.67.

Solaris Energy Infrastructure Trading Up 2.2%

Shares of SEI stock opened at $28.6890 on Friday. Solaris Energy Infrastructure, Inc. has a 12 month low of $10.96 and a 12 month 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's 50 day moving average is $29.97 and its two-hundred day moving average is $26.20. The company has a market cap of $1.94 billion, a PE ratio of 65.20 and a beta of 1.14.

Solaris Energy Infrastructure Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 16th will be paid a $0.12 dividend. The ex-dividend date 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 (DPR) is presently 81.36%.

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.

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