Cubist Systematic Strategies LLC Takes $2.15 Million Position in Solaris Energy Infrastructure, Inc. $SEI

Key Points

• Cubist Systematic Strategies LLC invested approximately $2.15 million in Solaris Energy Infrastructure, acquiring over 98,000 shares, which constitutes about 0.15% ownership in the company.
• Several institutional investors increased their positions in Solaris Energy Infrastructure during the first quarter, with hedge funds collectively owning 67.44% of the company's stock.
• The company announced a quarterly dividend of $0.12 per share, reflecting an annualized dividend of $0.48 and a yield of 1.8%.

Cubist Systematic Strategies LLC purchased a new stake in Solaris Energy Infrastructure, Inc. (NYSE:SEI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 98,592 shares of the company's stock, valued at approximately $2,145,000. Cubist Systematic Strategies LLC owned 0.15% of Solaris Energy Infrastructure as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Wayfinding Financial LLC bought a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at $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 bought a new stake in shares of Solaris Energy Infrastructure in the 4th quarter valued at $52,000. Nisa Investment Advisors LLC bought a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at $41,000. Finally, Riverview Trust Co bought a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at $47,000. 67.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SEI has been the topic of a number of analyst reports. Stifel Nicolaus reaffirmed a "buy" rating and issued a $45.00 price objective (up from $41.00) on shares of Solaris Energy Infrastructure in a research note on Friday, July 25th. Citigroup initiated coverage on shares of Solaris Energy Infrastructure in a report on Thursday, May 22nd. They issued a "buy" rating for the company. Piper Sandler reduced their price target on shares of Solaris Energy Infrastructure from $51.00 to $50.00 and set an "overweight" rating for the company in a report on Wednesday, August 20th. Northland Securities set a $50.00 price target on shares of Solaris Energy Infrastructure in a report on Monday, August 4th. Finally, Wall Street Zen upgraded shares of Solaris Energy Infrastructure from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Two research analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $43.67.

Solaris Energy Infrastructure Stock Up 2.6%

Shares of Solaris Energy Infrastructure stock traded up $0.79 during trading hours on Friday, reaching $31.09. The company's stock had a trading volume of 2,259,983 shares, compared to its average volume of 1,750,440. Solaris Energy Infrastructure, Inc. has a one year low of $11.42 and a one year high of $39.03. The company has a market capitalization of $2.10 billion, a P/E ratio of 52.70 and a beta of 1.15. The stock's fifty day simple moving average is $29.87 and its two-hundred day simple moving average is $26.18. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.98 and a current ratio of 3.11.

Solaris Energy Infrastructure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 16th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 16th. Solaris Energy Infrastructure's dividend payout ratio (DPR) is 81.36%.

Insider Buying and Selling at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, insider Christopher M. Powell sold 12,750 shares of the firm's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $30.00, for a total value of $382,500.00. Following the transaction, the insider directly owned 130,615 shares of the company's stock, valued at approximately $3,918,450. This trade represents a 8.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William A. Zartler acquired 10,000 shares of the company's stock in a transaction on Tuesday, September 9th. The stock was acquired at an average cost of $24.83 per share, for a total transaction of $248,300.00. Following the completion of the purchase, the chief executive officer directly 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 position. The disclosure for this purchase can be found here. Corporate insiders own 21.20% of the company's stock.

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.