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

CenterBook Partners LP purchased a new stake in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Free Report) in the 1st quarter, according to 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 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Wayfinding Financial LLC acquired a new stake in Solaris Energy Infrastructure during the 1st quarter valued at approximately $29,000. US Bancorp DE bought a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at $38,000. California State Teachers Retirement System acquired a new stake in shares of Solaris Energy Infrastructure during the fourth quarter worth $52,000. Nisa Investment Advisors LLC bought a new position in Solaris Energy Infrastructure during the first quarter worth $41,000. Finally, Riverview Trust Co acquired a new position in Solaris Energy Infrastructure in the first quarter valued at $47,000. Institutional investors own 67.44% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Stifel Nicolaus decreased their price target on Solaris Energy Infrastructure from $45.00 to $41.00 and set a "buy" rating for the company in a report on Wednesday. Raymond James Financial started coverage on Solaris Energy Infrastructure in a research note on Friday, June 13th. They set an "outperform" rating and a $39.00 target price for the company. Northland Securities began coverage on Solaris Energy Infrastructure in a report on Tuesday, April 22nd. They issued an "outperform" rating and a $37.00 target price for the company. Vertical Research assumed coverage on Solaris Energy Infrastructure in a report on Wednesday, May 14th. They set a "buy" rating and a $36.00 price target on the stock. Finally, Barclays started coverage on shares of Solaris Energy Infrastructure in a research report on Friday, June 6th. They set an "overweight" rating and a $42.00 price objective for the company. One analyst has rated the stock with a sell rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $41.78.

Insider Buying and Selling

In related news, CEO William A. Zartler acquired 10,000 shares of the company's stock in a transaction 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 purchase, the chief executive officer owned 1,039,227 shares in the company, valued at approximately $22,634,364.06. The trade was a 0.97% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Aj Teague bought 1,000 shares of Solaris Energy Infrastructure stock in a transaction dated Friday, May 23rd. The stock was purchased at an average price of $26.77 per share, with a total value of $26,770.00. Following the purchase, the director 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. Insiders bought 12,000 shares of company stock worth $267,150 in the last 90 days. Corporate insiders own 21.20% of the company's stock.

Solaris Energy Infrastructure Stock Down 1.7%

Shares of NASDAQ:SEI traded down $0.51 during trading on Wednesday, reaching $29.88. 1,497,560 shares of the stock were exchanged, compared to its average volume of 1,115,059. Solaris Energy Infrastructure, Inc. has a 1-year low of $10.96 and a 1-year high of $39.03. The stock has a fifty day moving average of $27.62 and a two-hundred day moving average of $26.10. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.61 and a quick ratio of 3.40. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 67.91 and a beta of 1.09.

Solaris Energy Infrastructure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Tuesday, June 3rd were issued a $0.12 dividend. The ex-dividend date was Tuesday, June 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.61%. Solaris Energy Infrastructure's dividend payout ratio is presently 97.96%.

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.