Jump Financial LLC Makes New Investment in Solaris Energy Infrastructure, Inc. $SEI

Key Points

• Jump Financial LLC has acquired 266,711 shares of Solaris Energy Infrastructure, valued at approximately $5.8 million, representing around 0.40% ownership in the company.
• The company recently announced a quarterly dividend of $0.12 per share, with a dividend yield of 1.7% and a payout ratio of 81.36%.
• Analyst ratings for Solaris Energy Infrastructure include two "Strong Buy" ratings and ten "Buy" ratings, with an average target price of $43.67.

Jump Financial LLC acquired a new stake in Solaris Energy Infrastructure, Inc. (NYSE:SEI - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 266,711 shares of the company's stock, valued at approximately $5,804,000. Jump Financial LLC owned approximately 0.40% of Solaris Energy Infrastructure at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Wayfinding Financial LLC acquired a new stake in Solaris Energy Infrastructure in the first quarter valued at $29,000. US Bancorp DE purchased a new stake in Solaris Energy Infrastructure during the 1st quarter worth about $38,000. Nisa Investment Advisors LLC purchased a new stake in Solaris Energy Infrastructure during the 1st quarter worth about $41,000. Riverview Trust Co purchased a new stake in Solaris Energy Infrastructure during the 1st quarter worth about $47,000. Finally, California State Teachers Retirement System acquired a new stake in Solaris Energy Infrastructure during the fourth quarter worth approximately $52,000. Institutional investors and hedge funds own 67.44% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Vertical Research assumed coverage on shares of Solaris Energy Infrastructure in a report on Wednesday, May 14th. They set a "buy" rating and a $36.00 price objective on the stock. Barclays raised their price objective on shares of Solaris Energy Infrastructure from $39.00 to $44.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Wall Street Zen raised shares of Solaris Energy Infrastructure from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Stifel Nicolaus reissued a "buy" rating and set a $45.00 price objective (up previously from $41.00) on shares of Solaris Energy Infrastructure in a report on Friday, July 25th. Finally, Citigroup assumed coverage on shares of Solaris Energy Infrastructure in a report 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's stock. According to data from MarketBeat, Solaris Energy Infrastructure has a consensus rating of "Buy" and an average price target of $43.67.

Solaris Energy Infrastructure Stock Performance

SEI stock traded up $2.03 on Thursday, hitting $31.66. The company's stock had a trading volume of 1,939,358 shares, compared to its average volume of 1,526,461. The firm has a 50 day moving average of $30.05 and a two-hundred day moving average of $26.28. Solaris Energy Infrastructure, Inc. has a 1 year low of $10.96 and a 1 year high of $39.03. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 53.66 and a beta of 1.14. The company has a current ratio of 3.11, a quick ratio of 2.98 and a debt-to-equity ratio of 0.76.

Solaris Energy Infrastructure Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 16th will be given a $0.12 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $0.48 annualized dividend and a yield of 1.5%. Solaris Energy Infrastructure's dividend payout ratio is 81.36%.

Insider Buying and Selling at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, Director Edgar R. Jr. Giesinger sold 10,000 shares of the company's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $28.86, for a total transaction of $288,600.00. Following the completion of the transaction, the director owned 90,956 shares in the company, valued at approximately $2,624,990.16. This represents a 9.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher M. Powell sold 12,750 shares of the company's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $30.00, for a total transaction of $382,500.00. Following the transaction, the insider owned 130,615 shares of the company's stock, valued at approximately $3,918,450. The trade was a 8.89% decrease in their position. The disclosure for this sale can be found here. 21.20% of the stock is owned by corporate insiders.

Solaris Energy Infrastructure Company Profile

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.