Emerald Advisers LLC Acquires New Shares in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)

Emerald Advisers LLC acquired a new position in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. New York State Common Retirement Fund acquired a new stake in shares of Solaris Energy Infrastructure in the first quarter worth $209,000. Arizona State Retirement System bought a new position in Solaris Energy Infrastructure during the first quarter worth $213,000. Emerald Mutual Fund Advisers Trust bought a new position in Solaris Energy Infrastructure during the first quarter worth $7,439,000. Ballentine Partners LLC bought a new position in Solaris Energy Infrastructure during the first quarter worth $210,000. Finally, Cerity Partners LLC bought a new position in Solaris Energy Infrastructure during the first quarter worth $264,000. Institutional investors and hedge funds own 67.44% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on SEI. Vertical Research began coverage on shares of Solaris Energy Infrastructure in a research note on Wednesday, May 14th. They set a "buy" rating and a $36.00 price target on the stock. Wall Street Zen downgraded shares of Solaris Energy Infrastructure from a "hold" rating to a "sell" rating in a research note on Wednesday, June 25th. Raymond James Financial began coverage on shares of Solaris Energy Infrastructure in a research note on Friday, June 13th. They set an "outperform" rating and a $39.00 price target on the stock. Northland Securities began coverage on shares of Solaris Energy Infrastructure in a research note on Tuesday, April 22nd. They set an "outperform" rating and a $37.00 price target on the stock. Finally, Piper Sandler lifted their price target on shares of Solaris Energy Infrastructure from $50.00 to $51.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $42.56.

Insiders Place Their Bets

In other news, Director Aj Teague bought 1,000 shares of the company's stock in a transaction dated Friday, May 23rd. The stock was bought at an average price of $26.77 per share, for a total transaction of $26,770.00. Following the completion of the transaction, the director directly owned 98,459 shares in the company, valued at $2,635,747.43. The trade was a 1.03% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO William A. Zartler bought 10,000 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were purchased at an average price of $21.78 per share, with a total value of $217,800.00. Following the transaction, the chief executive officer owned 1,039,227 shares of the company's stock, valued at $22,634,364.06. The trade was a 0.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 12,000 shares of company stock worth $267,150 over the last quarter. Corporate insiders own 21.20% of the company's stock.

Solaris Energy Infrastructure Price Performance

NASDAQ SEI traded up $0.53 on Friday, hitting $31.23. 552,411 shares of the company were exchanged, compared to its average volume of 1,111,781. The firm has a 50 day moving average of $27.10 and a two-hundred day moving average of $26.04. The company has a market cap of $2.11 billion, a P/E ratio of 70.98 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, Inc. has a 1-year low of $10.96 and a 1-year high of $39.03.

Solaris Energy Infrastructure Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Tuesday, June 3rd were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, June 3rd. This represents a $0.48 annualized dividend and a yield of 1.54%. Solaris Energy Infrastructure's dividend payout ratio (DPR) is 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.