Counterpoint Mutual Funds LLC Purchases Shares of 14,762 Solaris Energy Infrastructure, Inc. $SEI

Key Points

• Counterpoint Mutual Funds LLC acquired 14,762 shares of Solaris Energy Infrastructure, Inc. (NYSE: SEI) during the 2nd quarter, valued at approximately $418,000.
• Solaris Energy Infrastructure announced a quarterly $0.12 dividend, with an ex-dividend date on September 16th, representing an annualized yield of 1.2%.
• Analysts generally have a Buy consensus rating for Solaris Energy, with a target price range of $38.00 to $50.00 from various financial firms.

Counterpoint Mutual Funds LLC purchased a new stake in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 14,762 shares of the company's stock, valued at approximately $418,000.

Other institutional investors have also recently made changes to their positions in the company. Strs Ohio bought a new stake in Solaris Energy Infrastructure during the first quarter valued at approximately $28,000. Wayfinding Financial LLC bought a new stake in shares of Solaris Energy Infrastructure during the 1st quarter valued at $29,000. US Bancorp DE bought a new stake in shares of Solaris Energy Infrastructure during the 1st quarter valued at $38,000. California State Teachers Retirement System purchased a new stake in shares of Solaris Energy Infrastructure in the 4th quarter worth $52,000. Finally, Nisa Investment Advisors LLC bought a new position in Solaris Energy Infrastructure in the 1st quarter worth $41,000. Institutional investors own 67.44% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Wall Street Zen raised Solaris Energy Infrastructure from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Northland Securities set a $50.00 price objective on Solaris Energy Infrastructure in a research note on Monday, August 4th. Barclays increased their target price on shares of Solaris Energy Infrastructure from $39.00 to $44.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Stifel Nicolaus reaffirmed a "buy" rating and set a $45.00 price target (up previously from $41.00) on shares of Solaris Energy Infrastructure in a report on Friday, July 25th. Finally, Raymond James Financial reissued an "outperform" rating and issued a $38.00 price objective (down from $39.00) on shares of Solaris Energy Infrastructure in a research note on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $43.67.

Insider Activity at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, Director Edgar R. Jr. Giesinger sold 10,000 shares of the business's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $28.86, for a total value of $288,600.00. Following the sale, the director owned 90,956 shares in the company, valued at $2,624,990.16. The trade was a 9.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William A. Zartler acquired 10,000 shares of the business's stock in a transaction dated Tuesday, September 9th. The shares were purchased at an average price of $24.83 per share, with a total value of $248,300.00. Following the transaction, the chief executive officer owned 1,049,227 shares of the company's stock, valued at approximately $26,052,306.41. This represents a 0.96% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 21.20% of the company's stock.

Solaris Energy Infrastructure Stock Down 2.7%

NYSE SEI opened at $38.85 on Wednesday. The company has a current ratio of 3.11, a quick ratio of 2.98 and a debt-to-equity ratio of 0.76. Solaris Energy Infrastructure, Inc. has a 12 month low of $12.48 and a 12 month high of $43.46. The stock's 50 day moving average is $30.50 and its 200 day moving average is $26.45. The stock has a market cap of $2.63 billion, a PE ratio of 65.85 and a beta of 1.15.

Solaris Energy Infrastructure Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders 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 yield of 1.2%. The ex-dividend date is Tuesday, September 16th. Solaris Energy Infrastructure's payout ratio is currently 81.36%.

About Solaris Energy Infrastructure

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.

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