EntryPoint Capital LLC acquired a new position in shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 19,300 shares of the company's stock, valued at approximately $420,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Wayfinding Financial LLC acquired a new stake in shares of Solaris Energy Infrastructure during the first quarter worth $29,000. US Bancorp DE acquired a new stake in Solaris Energy Infrastructure in the 1st quarter valued at $38,000. California State Teachers Retirement System acquired a new stake in Solaris Energy Infrastructure in the 4th quarter valued at $52,000. Nisa Investment Advisors LLC acquired a new stake in Solaris Energy Infrastructure in the 1st quarter valued at $41,000. Finally, Riverview Trust Co acquired a new stake in Solaris Energy Infrastructure in the 1st quarter valued at $47,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.
Solaris Energy Infrastructure Stock Performance
NASDAQ SEI traded up $0.6090 during trading on Friday, reaching $28.6890. The company's stock had a trading volume of 1,324,755 shares, compared to its average volume of 1,528,035. 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 firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 65.20 and a beta of 1.14. Solaris Energy Infrastructure, Inc. has a 12 month low of $10.96 and a 12 month high of $39.03. The firm has a 50 day moving average price of $29.97 and a 200 day moving average price of $26.18.
Solaris Energy Infrastructure Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 16th will be issued a $0.12 dividend. 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 1.7%. Solaris Energy Infrastructure's payout ratio is currently 81.36%.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on SEI. Northland Securities set a $50.00 price target on shares of Solaris Energy Infrastructure in a research note on Monday, August 4th. Raymond James Financial reiterated an "outperform" rating and issued a $38.00 price target (down from $39.00) on shares of Solaris Energy Infrastructure in a research note on Wednesday, July 23rd. Stifel Nicolaus restated a "buy" rating and set a $45.00 price objective (up from $41.00) on shares of Solaris Energy Infrastructure in a research note on Friday, July 25th. Vertical Research assumed 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 objective on the stock. Finally, Piper Sandler lowered their price objective on shares of Solaris Energy Infrastructure from $51.00 to $50.00 and set an "overweight" rating on the stock in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $43.67.
Read Our Latest Stock Report on Solaris Energy Infrastructure
Solaris Energy Infrastructure Company Profile
(
Free Report)
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.
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