Meros Investment Management LP Takes Position in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)

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 bought a new stake in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 233,837 shares of the company's stock, valued at approximately $5,088,000. Solaris Energy Infrastructure accounts for 3.0% of Meros Investment Management LP's investment portfolio, making the stock its 10th biggest holding. Meros Investment Management LP owned approximately 0.35% of Solaris Energy Infrastructure as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. American Century Companies Inc. purchased a new position in shares of Solaris Energy Infrastructure in the first quarter worth about $2,181,000. Boston Partners purchased a new position in shares of Solaris Energy Infrastructure in the first quarter worth about $1,008,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Solaris Energy Infrastructure in the first quarter worth about $205,000. Russell Investments Group Ltd. purchased a new position in shares of Solaris Energy Infrastructure in the first quarter worth about $1,695,000. Finally, Informed Momentum Co LLC purchased a new position in shares of Solaris Energy Infrastructure in the first quarter worth about $2,458,000. Institutional investors and hedge funds own 67.44% of the company's stock.

Solaris Energy Infrastructure Price Performance

Shares of SEI opened at $27.77 on Friday. 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 $1.88 billion, a PE ratio of 63.12 and a beta of 1.14. The firm has a 50-day simple moving average of $29.93 and a two-hundred day simple moving average of $26.18. 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 Announces Dividend

The business also recently declared 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. The ex-dividend date is Tuesday, September 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.7%. Solaris Energy Infrastructure's dividend payout ratio (DPR) is currently 81.36%.

Insider Transactions at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, CEO William A. Zartler acquired 10,000 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The stock was purchased at an average price of $21.78 per share, for a total transaction of $217,800.00. Following the completion of the acquisition, the chief executive officer owned 1,039,227 shares of the company's stock, valued at approximately $22,634,364.06. This trade represents a 0.97% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Aj Teague acquired 1,000 shares of the company's 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 acquisition, the director directly owned 98,459 shares of the company's stock, valued at approximately $2,635,747.43. This represents a 1.03% increase in their position. The disclosure for this purchase can be found here. 21.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Vertical Research assumed coverage on shares of Solaris Energy Infrastructure in a research note on Wednesday, May 14th. They issued a "buy" rating and a $36.00 price target on the stock. Wall Street Zen downgraded shares of Solaris Energy Infrastructure from a "hold" rating to a "sell" rating in a research note on Wednesday, June 25th. Citigroup assumed coverage on shares of Solaris Energy Infrastructure in a research note on Thursday, May 22nd. They set a "buy" rating on the stock. Raymond James Financial reaffirmed an "outperform" rating and set a $38.00 target price (down from $39.00) on shares of Solaris Energy Infrastructure in a research note on Wednesday, July 23rd. Finally, Northland Capmk raised shares of Solaris Energy Infrastructure to a "strong-buy" rating in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, ten have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $43.78.

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.

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