Dynamic Technology Lab Private Ltd Makes New $807,000 Investment in Solaris Energy Infrastructure, Inc. $SEI

Key Points

• Dynamic Technology Lab Private Ltd has made a new investment of $807,000 in Solaris Energy Infrastructure, acquiring 37,078 shares, which gives them a total ownership of 0.06% in the company.
• Insider selling activity has been reported, with Christopher M. Powell and Edgar R. Jr. Giesinger selling shares for a combined total of nearly $671,100, resulting in a decrease in their respective ownership stakes.
• Solaris Energy Infrastructure has announced a quarterly dividend of $0.12 per share to be paid on September 26th, with an annualized yield of 1.9% and a payout ratio of 81.36%.

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 37,078 shares of the company's stock, valued at approximately $807,000. Dynamic Technology Lab Private Ltd owned about 0.06% of Solaris Energy Infrastructure at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of SEI. Encompass Capital Advisors LLC acquired a new position in shares of Solaris Energy Infrastructure during the 1st quarter valued at about $78,967,000. Driehaus Capital Management LLC acquired a new position in shares of Solaris Energy Infrastructure during the 1st quarter valued at about $44,073,000. Vanguard Group Inc. acquired a new position in shares of Solaris Energy Infrastructure during the 1st quarter valued at about $35,060,000. Westwood Holdings Group Inc. acquired a new position in shares of Solaris Energy Infrastructure during the 1st quarter valued at about $29,298,000. Finally, Millennium Management LLC acquired a new position in shares of Solaris Energy Infrastructure during the 1st quarter valued at about $24,335,000. Institutional investors and hedge funds own 67.44% of the company's stock.

Analyst Ratings Changes

SEI has been the subject of a number of research analyst reports. Northland Securities set a $50.00 price objective on shares of Solaris Energy Infrastructure in a research note on Monday, August 4th. Citigroup assumed coverage on shares of Solaris Energy Infrastructure in a research note on Thursday, May 22nd. They set a "buy" rating for the company. Raymond James Financial reiterated an "outperform" rating and set a $38.00 target price (down previously from $39.00) on shares of Solaris Energy Infrastructure in a report on Wednesday, July 23rd. Stifel Nicolaus reiterated a "buy" rating and set a $45.00 target price (up previously from $41.00) on shares of Solaris Energy Infrastructure in a report on Friday, July 25th. Finally, Barclays boosted their target price on Solaris Energy Infrastructure from $39.00 to $44.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $43.67.

Insider Buying and Selling

In related news, CFO Kyle S. Ramachandran purchased 2,000 shares of the firm's stock in a transaction on Tuesday, September 9th. The stock was purchased at an average price of $25.00 per share, for a total transaction of $50,000.00. Following the acquisition, the chief financial officer directly owned 370,338 shares in the company, valued at $9,258,450. The trade was a 0.54% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher M. Powell sold 12,750 shares of the company's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $30.00, for a total value of $382,500.00. Following the completion of the transaction, the insider owned 130,615 shares of the company's stock, valued at approximately $3,918,450. This represents a 8.89% decrease in their position. The disclosure for this sale can be found here. 21.20% of the stock is owned by company insiders.

Solaris Energy Infrastructure Trading Up 2.6%

Shares of NYSE:SEI traded up $0.79 during trading on Friday, reaching $31.09. 2,259,983 shares of the stock were exchanged, compared to its average volume of 1,788,716. 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, Inc. has a 12-month low of $11.42 and a 12-month high of $39.03. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 52.70 and a beta of 1.15. The firm's 50-day moving average price is $29.87 and its 200 day moving average price is $26.09.

Solaris Energy Infrastructure Dividend Announcement

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 1.5%. The ex-dividend date is Tuesday, September 16th. Solaris Energy Infrastructure's dividend payout ratio is currently 81.36%.

Solaris Energy Infrastructure 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.