CenterBook Partners LP Takes $6.06 Million Position in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)

CenterBook Partners LP 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 13F filing with the Securities and Exchange Commission. The institutional investor purchased 278,276 shares of the company's stock, valued at approximately $6,055,000. CenterBook Partners LP owned 0.41% of Solaris Energy Infrastructure at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. acquired a new position in shares of Solaris Energy Infrastructure during the 1st quarter worth about $35,060,000. Westwood Holdings Group Inc. acquired a new position in shares of Solaris Energy Infrastructure during the 1st quarter worth about $29,298,000. Emerald Advisers LLC acquired a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at about $15,188,000. Royce & Associates LP acquired a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at about $11,190,000. Finally, GW&K Investment Management LLC acquired a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at about $9,437,000. Hedge funds and other institutional investors own 67.44% of the company's stock.

Insider Buying and Selling at Solaris Energy Infrastructure

In related news, CEO William A. Zartler acquired 10,000 shares of the business's stock in a transaction dated Wednesday, May 21st. The stock was acquired at an average price of $21.78 per share, with a total value of $217,800.00. Following the completion of the transaction, the chief executive officer owned 1,039,227 shares of the company's stock, valued at approximately $22,634,364.06. This represents a 0.97% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Aj Teague acquired 1,000 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were bought at an average cost of $26.77 per share, with a total value of $26,770.00. Following the transaction, the director directly owned 98,459 shares of the company's stock, valued at $2,635,747.43. The trade was a 1.03% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 12,000 shares of company stock worth $267,150. 21.20% of the stock is currently owned by corporate insiders.

Solaris Energy Infrastructure Price Performance

Shares of NASDAQ SEI traded up $0.14 during trading on Friday, hitting $29.15. The company had a trading volume of 1,030,133 shares, compared to its average volume of 1,446,358. The company has a market cap of $1.97 billion, a P/E ratio of 66.25 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 business's 50-day moving average is $27.75 and its 200 day moving average is $26.11. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.40 and a current ratio of 3.61.

Solaris Energy Infrastructure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Tuesday, June 3rd were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Tuesday, June 3rd. Solaris Energy Infrastructure's dividend payout ratio is currently 97.96%.

Analyst Ratings Changes

A number of research firms have weighed in on SEI. Raymond James Financial assumed coverage on Solaris Energy Infrastructure in a research report on Friday, June 13th. They set an "outperform" rating and a $39.00 price objective for the company. Northland Capmk raised Solaris Energy Infrastructure to a "strong-buy" rating in a research note on Tuesday, April 22nd. Wall Street Zen downgraded Solaris Energy Infrastructure from a "hold" rating to a "sell" rating in a research report on Wednesday, June 25th. Citigroup started coverage on Solaris Energy Infrastructure in a report on Thursday, May 22nd. They set a "buy" rating on the stock. Finally, Piper Sandler raised their price objective on Solaris Energy Infrastructure from $50.00 to $51.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. One analyst has rated the stock with a sell rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $41.78.

Solaris Energy Infrastructure 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.