Informed Momentum Co LLC Makes New $2.46 Million Investment in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)

Key Points

• Informed Momentum Co LLC has invested approximately $2.46 million in Solaris Energy Infrastructure, acquiring 112,967 shares during the first quarter.
• Several institutional investors, including Vanguard Group Inc. and Westwood Holdings Group Inc., have also recently purchased shares, with institutional ownership now at 67.44%.
• Solaris Energy Infrastructure announced a quarterly dividend of $0.12 per share, with a payout scheduled for September 26th, representing a 1.6% yield.

Informed Momentum Co LLC purchased a new stake in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 112,967 shares of the company's stock, valued at approximately $2,458,000. Informed Momentum Co LLC owned 0.17% of Solaris Energy Infrastructure as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of SEI. Vanguard Group Inc. acquired a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at about $35,060,000. Westwood Holdings Group Inc. bought a new stake in Solaris Energy Infrastructure in the 1st quarter valued at about $29,298,000. Emerald Advisers LLC bought a new stake in Solaris Energy Infrastructure in the 1st quarter valued at about $15,188,000. Royce & Associates LP bought a new stake in Solaris Energy Infrastructure in the 1st quarter valued at about $11,190,000. Finally, GW&K Investment Management LLC bought a new stake in Solaris Energy Infrastructure in the 1st quarter valued at about $9,437,000. 67.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, Director Aj Teague bought 1,000 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was acquired at an average cost of $26.77 per share, with a total value of $26,770.00. Following the completion of the purchase, the director directly owned 98,459 shares in the company, valued at approximately $2,635,747.43. This trade represents a 1.03% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO William A. Zartler bought 10,000 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The shares were acquired at an average cost of $21.78 per share, with a total value of $217,800.00. Following the completion of the purchase, the chief executive officer owned 1,039,227 shares of the company's stock, valued at approximately $22,634,364.06. The trade was a 0.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. 21.20% of the stock is owned by corporate insiders.

Solaris Energy Infrastructure Stock Up 0.8%

SEI stock opened at $30.61 on Wednesday. Solaris Energy Infrastructure, Inc. has a 12 month low of $10.96 and a 12 month high of $39.03. The firm has a market cap of $2.07 billion, a PE ratio of 69.58 and a beta of 1.14. The firm has a 50 day simple moving average of $29.96 and a 200 day simple moving average of $26.12. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.61 and a quick ratio of 3.40.

Solaris Energy Infrastructure Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 16th will be paid 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 dividend payout ratio is currently 81.36%.

Analysts Set New Price Targets

Several analysts recently weighed in on SEI shares. Barclays lifted their price objective on shares of Solaris Energy Infrastructure from $39.00 to $44.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Piper Sandler lifted their price objective on shares of Solaris Energy Infrastructure from $50.00 to $51.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Northland Securities set a $50.00 price objective on shares of Solaris Energy Infrastructure in a research report on Monday, August 4th. 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, Stifel Nicolaus reiterated a "buy" rating and issued a $45.00 price objective (up from $41.00) on shares of Solaris Energy Infrastructure in a research report on Friday, July 25th. One 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 stock. According to data from MarketBeat.com, Solaris Energy Infrastructure currently has a consensus rating of "Buy" and an average target price of $43.78.

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.

Want to see what other hedge funds are holding SEI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.