233,837 Shares in Solaris Energy Infrastructure, Inc. $SEI Bought by Meros Investment Management LP

Key Points

• Meros Investment Management LP acquired 233,837 shares of Solaris Energy Infrastructure, valued at approximately $5.1 million, making it the firm's 10th largest holding.
• Solaris Energy Infrastructure recently declared a quarterly dividend of $0.12 per share, reflecting an annualized dividend yield of 1.7% with a payout ratio of 81.36%.
• Equities analysts have varying outlooks on Solaris, with ratings ranging from "buy" to "sell," and a current consensus price target of $43.78.

Meros Investment Management LP 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 SEC. The institutional investor purchased 233,837 shares of the company's stock, valued at approximately $5,088,000. Solaris Energy Infrastructure makes up 3.0% of Meros Investment Management LP's investment portfolio, making the stock its 10th biggest holding. Meros Investment Management LP owned about 0.35% of Solaris Energy Infrastructure at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Wayfinding Financial LLC purchased a new stake in Solaris Energy Infrastructure during the first quarter worth $29,000. US Bancorp DE purchased a new position in Solaris Energy Infrastructure during the first quarter valued at $38,000. California State Teachers Retirement System purchased a new position in Solaris Energy Infrastructure during the fourth quarter valued at $52,000. Nisa Investment Advisors LLC purchased a new position in Solaris Energy Infrastructure during the first quarter valued at $41,000. Finally, Riverview Trust Co purchased a new position in shares of Solaris Energy Infrastructure in the first quarter worth about $47,000. 67.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Solaris Energy Infrastructure

In related news, Director Aj Teague acquired 1,000 shares of Solaris Energy Infrastructure stock in a transaction that occurred on Friday, May 23rd. The stock was acquired at an average price of $26.77 per share, with a total value of $26,770.00. Following the completion of 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 21.20% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SEI shares. Piper Sandler decreased their price target on shares of Solaris Energy Infrastructure from $51.00 to $50.00 and set an "overweight" rating on the stock in a research note on Wednesday. Stifel Nicolaus reaffirmed a "buy" rating and set a $45.00 target price (up from $41.00) on shares of Solaris Energy Infrastructure in a research note on Friday, July 25th. Barclays boosted their price target 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 cut shares of Solaris Energy Infrastructure from a "hold" rating to a "sell" rating in a report on Wednesday, June 25th. Finally, Citigroup assumed coverage on shares of Solaris Energy Infrastructure in a report on Thursday, May 22nd. They issued a "buy" rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $43.67.

Solaris Energy Infrastructure Trading Up 2.2%

Shares of Solaris Energy Infrastructure stock traded up $0.61 during mid-day trading on Thursday, hitting $27.77. 543,818 shares of the stock were exchanged, compared to its average volume of 1,523,305. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 63.24 and a beta of 1.14. The company has a 50-day simple moving average of $29.94 and a 200 day simple moving average of $26.18. Solaris Energy Infrastructure, Inc. has a twelve month low of $10.96 and a twelve month high of $39.03. 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 Announces Dividend

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 paid a dividend of $0.12 per share. The ex-dividend date is Tuesday, September 16th. This represents a $0.48 annualized dividend and a yield of 1.7%. Solaris Energy Infrastructure's payout ratio is presently 81.36%.

Solaris Energy Infrastructure 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.