EntryPoint Capital LLC Makes New $420,000 Investment in Solaris Energy Infrastructure, Inc. $SEI

Key Points

• EntryPoint Capital LLC acquired 19,300 shares of Solaris Energy Infrastructure, Inc. valued at approximately $420,000 during the first quarter.
• A total of 67.44% of the company's stock is owned by institutional investors and hedge funds, indicating strong institutional interest in Solaris Energy Infrastructure.
• Solaris Energy Infrastructure announced a quarterly dividend of $0.12 per share, representing a yield of 1.8% and an annualized payment of $0.48.

EntryPoint Capital LLC purchased a new stake in Solaris Energy Infrastructure, Inc. (NYSE:SEI - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 19,300 shares of the company's stock, valued at approximately $420,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Credit Agricole S A bought a new stake in Solaris Energy Infrastructure in the first quarter worth approximately $1,935,000. Quantbot Technologies LP acquired a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at about $3,107,000. Wellington Management Group LLP bought a new position in Solaris Energy Infrastructure in the first quarter worth approximately $21,599,000. Raymond James Financial Inc. grew its stake in Solaris Energy Infrastructure by 253.6% in the first quarter. Raymond James Financial Inc. now owns 220,516 shares of the company's stock valued at $4,799,000 after acquiring an additional 158,160 shares during the period. Finally, Meros Investment Management LP bought a new stake in shares of Solaris Energy Infrastructure during the first quarter valued at approximately $5,088,000. Institutional investors own 67.44% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SEI. Northland Securities set a $50.00 price target on shares of Solaris Energy Infrastructure in a research report on Monday, August 4th. Vertical Research began coverage on shares of Solaris Energy Infrastructure in a research report on Wednesday, May 14th. They issued a "buy" rating and a $36.00 price target for the company. Raymond James Financial reissued an "outperform" rating and issued a $38.00 price target (down previously from $39.00) on shares of Solaris Energy Infrastructure in a research report on Wednesday, July 23rd. Barclays raised their price objective on Solaris Energy Infrastructure from $39.00 to $44.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Finally, Citigroup began coverage on Solaris Energy Infrastructure in a research note on Thursday, May 22nd. They set a "buy" rating on the stock. Two analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $43.67.

Solaris Energy Infrastructure Trading Down 1.3%

Shares of NYSE SEI traded down $0.39 during trading on Wednesday, reaching $29.47. The stock had a trading volume of 557,969 shares, compared to its average volume of 1,518,911. Solaris Energy Infrastructure, Inc. has a fifty-two week low of $10.96 and a fifty-two week high of $39.03. The business's 50-day moving average price is $29.99 and its 200-day moving average price is $26.23. The company has a market cap of $1.99 billion, a P/E ratio of 66.98 and a beta of 1.14. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.40 and a current ratio of 3.61.

Solaris Energy Infrastructure Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 16th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.48 annualized dividend and a yield of 1.6%. Solaris Energy Infrastructure's payout ratio is currently 81.36%.

Insider Buying and Selling at Solaris Energy Infrastructure

In other news, Director Edgar R. Jr. Giesinger sold 10,000 shares of the firm's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $28.86, for a total transaction of $288,600.00. Following the sale, the director owned 90,956 shares in the company, valued at $2,624,990.16. This trade represents a 9.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 21.20% of the stock is currently owned by company insiders.

About Solaris Energy Infrastructure

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.