Caitong International Asset Management Co. Ltd Purchases Shares of 9,400 Solaris Energy Infrastructure, Inc. $SEI

Key Points

• Caitong International Asset Management Co. Ltd has acquired 9,400 shares of Solaris Energy Infrastructure, Inc. valued at approximately $205,000, marking an increase in institutional investments in the company.
• Analysts have given Solaris Energy Infrastructure a generally positive outlook, with Northland Capital raising it to a "strong-buy" rating and multiple firms adjusting price targets upward, indicating strong market confidence.
• The company announced a quarterly dividend of $0.12 per share, with a yield of 1.7% and a payout ratio of 81.36%, highlighting its commitment to shareholder returns amid recent stock performance fluctuations.

Caitong International Asset Management Co. Ltd purchased a new position 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 and Exchange Commission. The fund purchased 9,400 shares of the company's stock, valued at approximately $205,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SEI. Cerity Partners LLC acquired a new position in Solaris Energy Infrastructure during the 1st quarter worth $264,000. GW&K Investment Management LLC acquired a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at about $9,437,000. Informed Momentum Co LLC acquired a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at about $2,458,000. Acuitas Investments LLC acquired a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at about $3,728,000. Finally, Emerald Advisers LLC acquired a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at about $15,188,000. Hedge funds and other institutional investors own 67.44% of the company's stock.

Solaris Energy Infrastructure Price Performance

Shares of NASDAQ SEI traded down $0.36 during midday trading on Monday, reaching $27.34. The company's stock had a trading volume of 1,244,717 shares, compared to its average volume of 1,532,630. The company has a current ratio of 3.61, a quick ratio of 3.40 and a debt-to-equity ratio of 0.77. The company has a 50 day moving average price of $29.93 and a 200 day moving average price of $26.16. Solaris Energy Infrastructure, Inc. has a one year low of $10.96 and a one year high of $39.03. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 62.13 and a beta of 1.14.

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 issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Tuesday, September 16th. Solaris Energy Infrastructure's payout ratio is presently 81.36%.

Wall Street Analyst Weigh In

SEI has been the subject of several research reports. Northland Securities set a $50.00 price target on shares of Solaris Energy Infrastructure in a report on Monday, August 4th. Barclays lifted their price target on shares of Solaris Energy Infrastructure from $39.00 to $44.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Wall Street Zen lowered shares of Solaris Energy Infrastructure from a "hold" rating to a "sell" rating in a report on Wednesday, June 25th. Raymond James Financial reaffirmed an "outperform" rating and issued a $38.00 price target (down from $39.00) on shares of Solaris Energy Infrastructure in a report on Wednesday, July 23rd. Finally, Piper Sandler upped their price target on shares of Solaris Energy Infrastructure from $50.00 to $51.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. One analyst has rated the stock with a sell rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $43.78.

Insider Buying and Selling

In other Solaris Energy Infrastructure news, CEO William A. Zartler bought 10,000 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The shares were acquired at an average cost of $21.78 per share, for a total transaction 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. This trade represents a 0.97% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Aj Teague bought 1,000 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The stock was acquired 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 directly owned 98,459 shares in the company, valued at approximately $2,635,747.43. This represents a 1.03% increase in their ownership of the stock. The disclosure for this purchase can be found here. 21.20% of the stock is owned by insiders.

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.