Congress Asset Management Co. Acquires New Holdings in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)

Congress Asset Management Co. bought a new position in shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 201,255 shares of the company's stock, valued at approximately $4,379,000. Congress Asset Management Co. owned 0.30% of Solaris Energy Infrastructure at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of SEI. Riverview Trust Co bought a new stake in shares of Solaris Energy Infrastructure during the 1st quarter valued at approximately $47,000. California State Teachers Retirement System acquired a new stake in Solaris Energy Infrastructure during the 4th quarter worth about $52,000. GAMMA Investing LLC bought a new stake in Solaris Energy Infrastructure in the first quarter worth approximately $435,000. Retirement Planning Group LLC bought a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at $802,000. Finally, Rhumbline Advisers acquired a new position in shares of Solaris Energy Infrastructure during the first quarter valued at about $962,000. 67.44% of the stock is currently owned by institutional investors.

Solaris Energy Infrastructure Trading Up 5.0%

SEI traded up $1.33 on Thursday, hitting $27.81. 1,054,009 shares of the company were exchanged, compared to its average volume of 1,089,688. 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, Inc. has a 12 month low of $10.96 and a 12 month high of $39.03. The firm has a fifty day simple moving average of $22.47 and a two-hundred day simple moving average of $25.60. The stock has a market capitalization of $1.88 billion, a PE ratio of 63.21 and a beta of 1.11.

Solaris Energy Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Tuesday, June 3rd will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Tuesday, June 3rd. Solaris Energy Infrastructure's dividend payout ratio (DPR) is 97.96%.

Insider Buying and Selling at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, Director Aj Teague acquired 1,000 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The shares were acquired at an average price of $26.77 per share, with a total value of $26,770.00. Following the completion of the purchase, the director now directly owns 98,459 shares of the company's stock, valued at approximately $2,635,747.43. The trade was a 1.03% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO William A. Zartler acquired 10,000 shares of the stock in a transaction on Wednesday, May 21st. The shares were bought at an average price of $21.78 per share, with a total value of $217,800.00. Following the purchase, the chief executive officer now directly owns 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. Insiders acquired 12,000 shares of company stock valued at $267,150 in the last 90 days. Insiders own 21.20% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Northland Capmk upgraded Solaris Energy Infrastructure to a "strong-buy" rating in a report on Tuesday, April 22nd. Piper Sandler raised 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. Vertical Research started coverage on shares of Solaris Energy Infrastructure in a research note on Wednesday, May 14th. They issued a "buy" rating and a $36.00 target price for the company. Janney Montgomery Scott began coverage on shares of Solaris Energy Infrastructure in a report on Tuesday, February 25th. They issued a "buy" rating and a $57.00 price target on the stock. Finally, Stifel Nicolaus lifted their price target on Solaris Energy Infrastructure from $42.00 to $48.00 and gave the company a "buy" rating in a research report on Monday, February 24th. Nine analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $43.00.

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.