Bryce Point Capital LLC Invests $1.11 Million in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)

Key Points

• Bryce Point Capital LLC acquired 46,475 shares of Solaris Energy Infrastructure, valued at approximately $1,113,000, making it the largest position in their portfolio.
• Multiple institutional investors significantly increased their positions in Solaris Energy Infrastructure during the first quarter, contributing to hedge funds owning 67.44% of the stock.
• Wall Street analysts show a consensus rating of "Buy" for Solaris Energy Infrastructure, with brokerage price targets ranging from $38.00 to $51.00.

Bryce Point Capital LLC purchased a new position in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 46,475 shares of the company's stock, valued at approximately $1,113,000. Solaris Energy Infrastructure comprises approximately 0.9% of Bryce Point Capital LLC's portfolio, making the stock its largest position. Bryce Point Capital LLC owned 0.07% of Solaris Energy Infrastructure as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Wayfinding Financial LLC purchased a new stake in shares of Solaris Energy Infrastructure in the first quarter valued at about $29,000. Nisa Investment Advisors LLC purchased a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at approximately $41,000. Riverview Trust Co acquired a new position in Solaris Energy Infrastructure during the first quarter worth $47,000. California State Teachers Retirement System acquired a new stake in shares of Solaris Energy Infrastructure during the fourth quarter worth about $52,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Solaris Energy Infrastructure during the first quarter worth $135,000. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

Solaris Energy Infrastructure Price Performance

NASDAQ SEI traded down $0.78 during mid-day trading on Thursday, hitting $32.49. The stock had a trading volume of 776,098 shares, compared to its average volume of 1,495,165. The company has a 50 day simple moving average of $29.35 and a 200 day simple moving average of $26.23. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 73.80 and a beta of 1.09. Solaris Energy Infrastructure, Inc. has a 52-week low of $10.96 and a 52-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.

Solaris Energy Infrastructure Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors 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 yield of 1.48%. Solaris Energy Infrastructure's payout ratio is currently 81.36%.

Insider Buying and Selling

In other news, Director Aj Teague bought 1,000 shares of Solaris Energy Infrastructure stock in a transaction that occurred on Friday, May 23rd. The shares were purchased at an average price of $26.77 per share, for a total transaction of $26,770.00. Following the completion of the acquisition, the director owned 98,459 shares of the company's stock, valued at $2,635,747.43. The trade was a 1.03% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William A. Zartler purchased 10,000 shares of Solaris Energy Infrastructure stock in a transaction that occurred on Wednesday, May 21st. The stock was acquired at an average cost of $21.78 per share, with a total value of $217,800.00. Following the acquisition, the chief executive officer directly owned 1,039,227 shares of the company's stock, valued at $22,634,364.06. The trade was a 0.97% increase in their position. The disclosure for this purchase can be found here. 21.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have commented on SEI. Piper Sandler boosted their price target on shares of Solaris Energy Infrastructure from $50.00 to $51.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Raymond James Financial reissued an "outperform" rating and issued a $38.00 target price (down previously from $39.00) on shares of Solaris Energy Infrastructure in a report on Wednesday, July 23rd. Northland Securities began coverage on Solaris Energy Infrastructure in a research report on Tuesday, April 22nd. They set an "outperform" rating and a $37.00 price objective for the company. Citigroup started coverage on Solaris Energy Infrastructure in a research note on Thursday, May 22nd. They set a "buy" rating for the company. Finally, Northland Capmk upgraded shares of Solaris Energy Infrastructure to a "strong-buy" rating in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, ten have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $42.33.

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.