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GW&K Investment Management LLC Takes $9.44 Million Position in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)

Solaris Energy Infrastructure logo with Energy background

GW&K Investment Management LLC purchased a new stake in shares of 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. The fund purchased 433,670 shares of the company's stock, valued at approximately $9,437,000. GW&K Investment Management LLC owned 0.65% of Solaris Energy Infrastructure at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SEI. Wayfinding Financial LLC purchased a new position in Solaris Energy Infrastructure during the 1st quarter valued at about $29,000. California State Teachers Retirement System bought a new position in shares of Solaris Energy Infrastructure during the fourth quarter valued at approximately $52,000. Nisa Investment Advisors LLC purchased a new position in shares of Solaris Energy Infrastructure during the first quarter valued at approximately $41,000. Riverview Trust Co bought a new stake in shares of Solaris Energy Infrastructure in the 1st quarter worth approximately $47,000. Finally, Victory Capital Management Inc. purchased a new stake in shares of Solaris Energy Infrastructure in the 1st quarter worth approximately $195,000. Institutional investors own 67.44% of the company's stock.

Solaris Energy Infrastructure Stock Up 14.4%

Shares of NASDAQ SEI traded up $4.24 during mid-day trading on Thursday, reaching $33.65. 4,554,368 shares of the company were exchanged, compared to its average volume of 1,476,759. Solaris Energy Infrastructure, Inc. has a 1 year low of $10.96 and a 1 year high of $39.03. The firm has a 50-day moving average of $28.26 and a 200 day moving average of $26.10. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 76.47 and a beta of 1.09. The company has a quick ratio of 3.40, a current ratio of 3.61 and a debt-to-equity ratio of 0.77.

Solaris Energy Infrastructure Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 16th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Tuesday, September 16th. Solaris Energy Infrastructure's dividend payout ratio is currently 97.96%.

Insider Transactions at Solaris Energy Infrastructure

In other news, Director Aj Teague purchased 1,000 shares of the business's stock in a transaction on Friday, May 23rd. The shares were acquired at an average cost of $26.77 per share, with a total value of $26,770.00. Following the completion of the acquisition, the director owned 98,459 shares of the company's stock, valued at $2,635,747.43. This trade represents a 1.03% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO William A. Zartler purchased 10,000 shares of the stock in a transaction on 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 acquisition, the chief executive officer owned 1,039,227 shares of the company's stock, 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. Insiders bought a total of 12,000 shares of company stock worth $267,150 over the last 90 days. Company insiders own 21.20% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on SEI. Stifel Nicolaus lowered their price target on Solaris Energy Infrastructure from $45.00 to $41.00 and set a "buy" rating for the company in a research report on Wednesday, July 16th. Raymond James Financial reaffirmed an "outperform" rating and issued a $38.00 target price (down from $39.00) on shares of Solaris Energy Infrastructure in a report on Wednesday. Citigroup began coverage on shares of Solaris Energy Infrastructure in a research note on Thursday, May 22nd. They issued a "buy" rating on the stock. Wall Street Zen downgraded shares of Solaris Energy Infrastructure from a "hold" rating to a "sell" rating in a research report on Wednesday, June 25th. Finally, Vertical Research initiated coverage on shares of Solaris Energy Infrastructure in a report on Wednesday, May 14th. They issued a "buy" rating and a $36.00 price objective for the company. One research analyst has rated the stock with a sell rating, ten have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Solaris Energy Infrastructure currently has an average rating of "Buy" and an average target price of $41.33.

Get Our Latest Analysis on SEI

Solaris Energy Infrastructure 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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Institutional Ownership by Quarter for Solaris Energy Infrastructure (NASDAQ:SEI)

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