341,874 Shares in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) Purchased by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust purchased a new position in shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 341,874 shares of the company's stock, valued at approximately $7,439,000. Emerald Mutual Fund Advisers Trust owned approximately 0.51% of Solaris Energy Infrastructure at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Wayfinding Financial LLC purchased a new stake in Solaris Energy Infrastructure in the first quarter valued at approximately $29,000. Nisa Investment Advisors LLC acquired a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at $41,000. Riverview Trust Co acquired a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at $47,000. California State Teachers Retirement System purchased a new stake in shares of Solaris Energy Infrastructure during the 4th quarter valued at $52,000. Finally, Ballentine Partners LLC acquired a new stake in shares of Solaris Energy Infrastructure during the 1st quarter worth $210,000. Institutional investors and hedge funds own 67.44% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on SEI. Piper Sandler upped their price target on Solaris Energy Infrastructure from $50.00 to $51.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Northland Securities started coverage on Solaris Energy Infrastructure in a research report on Tuesday, April 22nd. They set an "outperform" rating and a $37.00 price target on the stock. Northland Capmk raised shares of Solaris Energy Infrastructure to a "strong-buy" rating in a research report on Tuesday, April 22nd. Raymond James Financial assumed coverage on shares of Solaris Energy Infrastructure in a research note on Friday, June 13th. They issued an "outperform" rating and a $39.00 target price for the company. Finally, 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. One equities research analyst has rated the stock with a sell rating, ten have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Solaris Energy Infrastructure has an average rating of "Buy" and a consensus target price of $42.56.

Insider Transactions at Solaris Energy Infrastructure

In related news, Director Aj Teague bought 1,000 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were acquired at an average price of $26.77 per share, for a total transaction of $26,770.00. Following the purchase, the director owned 98,459 shares in the company, valued at $2,635,747.43. This trade represents a 1.03% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO William A. Zartler bought 10,000 shares of the business's stock in a transaction dated Wednesday, May 21st. The stock was bought at an average price of $21.78 per share, for a total transaction of $217,800.00. Following the purchase, the chief executive officer owned 1,039,227 shares in the company, valued at approximately $22,634,364.06. This represents a 0.97% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 12,000 shares of company stock worth $267,150. Company insiders own 21.20% of the company's stock.

Solaris Energy Infrastructure Stock Down 4.4%

NASDAQ:SEI traded down $1.39 on Tuesday, reaching $30.41. The stock had a trading volume of 1,038,273 shares, compared to its average volume of 1,113,226. The company has a current ratio of 3.61, a quick ratio of 3.40 and a debt-to-equity ratio of 0.77. The company has a 50-day moving average of $27.29 and a 200 day moving average of $26.05. The stock has a market cap of $2.05 billion, a P/E ratio of 69.12 and a beta of 1.09. Solaris Energy Infrastructure, Inc. has a 12-month low of $10.96 and a 12-month high of $39.03.

Solaris Energy Infrastructure Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Tuesday, June 3rd were paid a $0.12 dividend. The ex-dividend date was Tuesday, June 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.58%. Solaris Energy Infrastructure's dividend payout ratio (DPR) is presently 97.96%.

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.