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

GW&K Investment Management LLC purchased a new stake in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 433,670 shares of the company's stock, valued at approximately $9,437,000. GW&K Investment Management LLC owned approximately 0.65% of Solaris Energy Infrastructure as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Acuitas Investments LLC acquired a new stake in shares of Solaris Energy Infrastructure during the first quarter worth about $3,728,000. Emerald Advisers LLC purchased a new position in Solaris Energy Infrastructure during the 1st quarter worth approximately $15,188,000. U.S. Capital Wealth Advisors LLC acquired a new position in Solaris Energy Infrastructure during the first quarter worth approximately $267,000. Stephens Investment Management Group LLC purchased a new stake in Solaris Energy Infrastructure in the first quarter valued at approximately $5,782,000. Finally, Arizona State Retirement System purchased a new stake in Solaris Energy Infrastructure in the first quarter valued at approximately $213,000. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

Solaris Energy Infrastructure Stock Performance

Shares of NASDAQ:SEI traded down $1.31 during midday trading on Friday, hitting $32.54. The stock had a trading volume of 2,065,900 shares, compared to its average volume of 1,481,160. The company has a market capitalization of $2.20 billion, a PE ratio of 73.94 and a beta of 1.09. Solaris Energy Infrastructure, Inc. has a 1 year low of $10.96 and a 1 year high of $39.03. The stock has a 50 day moving average price of $28.68 and a two-hundred day moving average price of $26.12. The company has a current ratio of 3.61, a quick ratio of 3.40 and a debt-to-equity ratio of 0.77.

Solaris Energy Infrastructure Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 16th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.48%. The ex-dividend date is Tuesday, September 16th. Solaris Energy Infrastructure's payout ratio is 81.36%.

Insider Buying and Selling

In other Solaris Energy Infrastructure news, CEO William A. Zartler purchased 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 acquisition, the chief executive officer directly owned 1,039,227 shares of the company's stock, valued at $22,634,364.06. This represents a 0.97% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Aj Teague acquired 1,000 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The shares were acquired at an average cost of $26.77 per share, for a total transaction of $26,770.00. Following the acquisition, the director directly 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 disclosure for this purchase can be found here. Over the last three months, insiders have bought 12,000 shares of company stock valued at $267,150. Company insiders own 21.20% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus restated a "buy" rating and set a $45.00 target price (up from $41.00) on shares of Solaris Energy Infrastructure in a research report on Friday. Barclays decreased their price target on shares of Solaris Energy Infrastructure from $42.00 to $39.00 and set an "overweight" rating for the company in a research note on Monday, July 21st. Northland Capmk upgraded shares of Solaris Energy Infrastructure to a "strong-buy" rating in a research note on Tuesday, April 22nd. Northland Securities began coverage on shares of Solaris Energy Infrastructure in a research note on Tuesday, April 22nd. They set an "outperform" rating and a $37.00 target price for the company. Finally, Wall Street Zen cut Solaris Energy Infrastructure from a "hold" rating to a "sell" rating in a research report on Wednesday, June 25th. One research analyst has rated the stock with a sell rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Solaris Energy Infrastructure currently has a consensus rating of "Buy" and an average target price of $41.78.

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.