Channing Capital Management LLC Makes New Investment in Solaris Energy Infrastructure, Inc. $SEI

Key Points

• Channing Capital Management LLC has acquired a new position in Solaris Energy Infrastructure, purchasing 284,910 shares valued at approximately $6.2 million, representing about 0.42% of the company.
• Solaris Energy Infrastructure recently announced a quarterly dividend of $0.12 per share, translating to an annualized yield of 1.8% with a payout ratio of 81.36%.
• The stock has shown significant price variability, with a 1-year low of $10.96 and a high of $39.03, and currently has a market cap of $1.83 billion.

Channing Capital Management LLC acquired a new position in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 284,910 shares of the company's stock, valued at approximately $6,200,000. Channing Capital Management LLC owned 0.42% of Solaris Energy Infrastructure at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wayfinding Financial LLC acquired a new stake in shares of Solaris Energy Infrastructure during the 1st quarter worth approximately $29,000. US Bancorp DE acquired a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at about $38,000. California State Teachers Retirement System acquired a new position in Solaris Energy Infrastructure during the 4th quarter worth approximately $52,000. Nisa Investment Advisors LLC acquired a new position in Solaris Energy Infrastructure during the 1st quarter worth approximately $41,000. Finally, Riverview Trust Co acquired a new stake in Solaris Energy Infrastructure in the first quarter valued at approximately $47,000. Institutional investors own 67.44% of the company's stock.

Solaris Energy Infrastructure Stock Down 1.3%

SEI stock traded down $0.39 during mid-day trading on Wednesday, hitting $29.47. The stock had a trading volume of 557,969 shares, compared to its average volume of 1,518,911. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of 66.98 and a beta of 1.14. Solaris Energy Infrastructure, Inc. has a 1-year low of $10.96 and a 1-year high of $39.03. The company has a fifty day moving average of $29.99 and a 200 day moving average of $26.23. The company has a current ratio of 3.61, a quick ratio of 3.40 and a debt-to-equity ratio of 0.77.

Solaris Energy Infrastructure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 16th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 16th. Solaris Energy Infrastructure's dividend payout ratio is currently 81.36%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SEI. Stifel Nicolaus reissued a "buy" rating and issued a $45.00 price target (up previously from $41.00) on shares of Solaris Energy Infrastructure in a research report on Friday, July 25th. Wall Street Zen upgraded Solaris Energy Infrastructure from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Citigroup initiated coverage on Solaris Energy Infrastructure in a research note on Thursday, May 22nd. They issued a "buy" rating on the stock. 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 objective on the stock. Finally, Piper Sandler decreased their price target on Solaris Energy Infrastructure from $51.00 to $50.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 20th. Two research analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $43.67.

Insider Activity

In other Solaris Energy Infrastructure news, Director Edgar R. Jr. Giesinger sold 10,000 shares of the company's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $28.86, for a total value of $288,600.00. Following the completion of the transaction, the director owned 90,956 shares of the company's stock, valued at $2,624,990.16. This represents a 9.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 21.20% of the company's stock.

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.