Emerald Mutual Fund Advisers Trust Invests $7.44 Million in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)

Emerald Mutual Fund Advisers Trust purchased a new position in shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 341,874 shares of the company's stock, valued at approximately $7,439,000. Emerald Mutual Fund Advisers Trust owned about 0.51% of Solaris Energy Infrastructure as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of SEI. Acuitas Investments LLC acquired a new stake in Solaris Energy Infrastructure during the first quarter worth about $3,728,000. GAMMA Investing LLC acquired a new stake in Solaris Energy Infrastructure during the first quarter worth about $435,000. Congress Asset Management Co. acquired a new stake in Solaris Energy Infrastructure during the first quarter worth about $4,379,000. Assenagon Asset Management S.A. acquired a new stake in Solaris Energy Infrastructure during the first quarter worth about $772,000. Finally, Retirement Planning Group LLC acquired a new stake in Solaris Energy Infrastructure during the first quarter worth about $802,000. Institutional investors own 67.44% of the company's stock.

Solaris Energy Infrastructure Price Performance

Shares of NASDAQ SEI traded up $0.53 during mid-day trading on Friday, reaching $31.23. 552,411 shares of the company traded hands, compared to its average volume of 1,111,781. Solaris Energy Infrastructure, Inc. has a fifty-two week low of $10.96 and a fifty-two week high of $39.03. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.61 and a quick ratio of 3.40. The firm has a market cap of $2.11 billion, a PE ratio of 70.98 and a beta of 1.09. The stock has a fifty day simple moving average of $27.10 and a 200-day simple moving average of $26.06.

Solaris Energy Infrastructure Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Tuesday, June 3rd were given a $0.12 dividend. The ex-dividend date of this dividend 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%.

Insider Activity at Solaris Energy Infrastructure

In related news, CEO William A. Zartler bought 10,000 shares of Solaris Energy Infrastructure stock in a transaction dated Wednesday, May 21st. The stock was acquired 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 directly owned 1,039,227 shares in the company, valued at approximately $22,634,364.06. This trade represents a 0.97% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Aj Teague purchased 1,000 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The stock was bought at an average price of $26.77 per share, with a total value of $26,770.00. Following the transaction, the director directly owned 98,459 shares in the company, valued at $2,635,747.43. This trade represents a 1.03% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 12,000 shares of company stock worth $267,150. 21.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

SEI has been the topic of several analyst reports. Northland Capmk upgraded shares of Solaris Energy Infrastructure to a "strong-buy" rating in a research note on Tuesday, April 22nd. Wall Street Zen lowered shares of Solaris Energy Infrastructure from a "hold" rating to a "sell" rating in a research note on Wednesday, June 25th. Citigroup initiated coverage on shares of Solaris Energy Infrastructure in a research note on Thursday, May 22nd. They issued a "buy" rating on the stock. Piper Sandler raised their price target on shares of Solaris Energy Infrastructure from $50.00 to $51.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Finally, Barclays initiated coverage on shares of Solaris Energy Infrastructure in a research note on Friday, June 6th. They issued an "overweight" rating and a $42.00 price target on the stock. One 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. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $42.56.

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.