697,988 Shares in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) Acquired by Emerald Advisers LLC

Emerald Advisers LLC purchased a new position in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 697,988 shares of the company's stock, valued at approximately $15,188,000. Emerald Advisers LLC owned about 1.04% of Solaris Energy Infrastructure as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. Emerald Mutual Fund Advisers Trust purchased a new stake in Solaris Energy Infrastructure during the first quarter valued at about $7,439,000. Bank of New York Mellon Corp purchased a new stake in Solaris Energy Infrastructure during the first quarter valued at about $5,137,000. Congress Asset Management Co. purchased a new stake in Solaris Energy Infrastructure during the first quarter valued at about $4,379,000. Acuitas Investments LLC purchased a new stake in Solaris Energy Infrastructure during the first quarter valued at about $3,728,000. Finally, Ritholtz Wealth Management purchased a new stake in Solaris Energy Infrastructure during the first quarter valued at about $2,784,000. 67.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Solaris Energy Infrastructure

In related news, CEO William A. Zartler bought 10,000 shares of the stock in a transaction dated Wednesday, May 21st. The stock was bought at an average cost of $21.78 per share, with a total value of $217,800.00. Following the completion of the acquisition, the chief executive officer owned 1,039,227 shares of the company's stock, valued at $22,634,364.06. This trade represents a 0.97% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Aj Teague bought 1,000 shares of the stock in a transaction dated Friday, May 23rd. The shares were bought at an average cost of $26.77 per share, with a total value of $26,770.00. Following the completion of the acquisition, the director directly owned 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 disclosure for this purchase can be found here. Insiders have acquired 12,000 shares of company stock worth $267,150 in the last 90 days. 21.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on SEI shares. Citigroup started coverage on Solaris Energy Infrastructure in a research report on Thursday, May 22nd. They set a "buy" rating for the company. Northland Securities initiated coverage on Solaris Energy Infrastructure in a research report on Tuesday, April 22nd. They set an "outperform" rating and a $37.00 price target for the company. Barclays initiated coverage on Solaris Energy Infrastructure in a research report on Friday, June 6th. They issued an "overweight" rating and a $42.00 target price for the company. Raymond James Financial initiated coverage on Solaris Energy Infrastructure in a research report on Friday, June 13th. They issued an "outperform" rating and a $39.00 target price for the company. Finally, Stifel Nicolaus decreased their target price on Solaris Energy Infrastructure from $45.00 to $41.00 and set a "buy" rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $41.78.

Solaris Energy Infrastructure Stock Down 1.7%

NASDAQ SEI traded down $0.51 on Wednesday, hitting $29.88. 1,497,560 shares of the stock traded hands, compared to its average volume of 1,115,058. The stock has a 50-day moving average of $27.46 and a 200 day moving average of $26.08. Solaris Energy Infrastructure, Inc. has a twelve month low of $10.96 and a twelve month high of $39.03. The company has a market capitalization of $2.02 billion, a P/E ratio of 67.91 and a beta of 1.09. The company has a current ratio of 3.61, a quick ratio of 3.40 and a debt-to-equity ratio of 0.77.

Solaris Energy Infrastructure Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Tuesday, June 3rd were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend was Tuesday, June 3rd. Solaris Energy Infrastructure's payout ratio is currently 97.96%.

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.