Dynamic Technology Lab Private Ltd Invests $807,000 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 bought 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 disclosure with the Securities & Exchange Commission. The fund bought 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 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Wall Street Zen raised shares of Solaris Energy Infrastructure from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Stifel Nicolaus restated a "buy" rating and issued a $45.00 price objective (up from $41.00) on shares of Solaris Energy Infrastructure in a report on Friday, July 25th. Piper Sandler decreased their price objective on Solaris Energy Infrastructure from $51.00 to $50.00 and set an "overweight" rating for the company in a report on Wednesday, August 20th. Barclays increased their price objective on Solaris Energy Infrastructure from $39.00 to $44.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Finally, Northland Securities set a $50.00 price objective on Solaris Energy Infrastructure in a report on Monday, August 4th. Two analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $43.67.

Solaris Energy Infrastructure Trading Up 2.6%

SEI traded up $0.79 during trading on Friday, reaching $31.09. 2,259,983 shares of the stock traded hands, compared to its average volume of 1,572,516. The company has a quick ratio of 2.98, a current ratio of 3.11 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $2.10 billion, a PE ratio of 52.70 and a beta of 1.15. The stock's 50-day moving average is $29.90 and its 200 day moving average is $26.18. Solaris Energy Infrastructure, Inc. has a 12 month low of $11.42 and a 12 month high of $39.03.

Solaris Energy Infrastructure Announces Dividend

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

Insider Activity

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

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.