Moody Aldrich Partners LLC Makes New Investment in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)

Moody Aldrich Partners LLC bought a new position in shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 82,971 shares of the company's stock, valued at approximately $1,805,000. Moody Aldrich Partners LLC owned approximately 0.12% of Solaris Energy Infrastructure as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. California State Teachers Retirement System acquired a new position in Solaris Energy Infrastructure in the 4th quarter worth about $52,000. GAMMA Investing LLC purchased a new stake in shares of Solaris Energy Infrastructure in the first quarter valued at approximately $435,000. Rhumbline Advisers acquired a new position in shares of Solaris Energy Infrastructure during the 1st quarter worth approximately $962,000. Retirement Planning Group LLC acquired a new position in shares of Solaris Energy Infrastructure during the 1st quarter worth approximately $802,000. Finally, Riverview Trust Co purchased a new position in shares of Solaris Energy Infrastructure during the 1st quarter valued at approximately $47,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Solaris Energy Infrastructure Trading Up 1.9%

Shares of Solaris Energy Infrastructure stock opened at $32.28 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.61 and a quick ratio of 3.40. The stock's 50 day simple moving average is $25.91 and its 200-day simple moving average is $25.90. The stock has a market cap of $2.18 billion, a P/E ratio of 73.37 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.

Solaris Energy Infrastructure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Tuesday, June 3rd were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend was Tuesday, June 3rd. Solaris Energy Infrastructure's dividend payout ratio (DPR) is currently 97.96%.

Wall Street Analyst Weigh In

Several brokerages recently commented on SEI. Citigroup initiated coverage on shares of Solaris Energy Infrastructure in a report on Thursday, May 22nd. They issued a "buy" rating for the company. Northland Securities began coverage on shares of Solaris Energy Infrastructure in a research report on Tuesday, April 22nd. They issued an "outperform" rating and a $37.00 target price on the stock. Vertical Research began coverage on shares of Solaris Energy Infrastructure in a research note on Wednesday, May 14th. They set a "buy" rating and a $36.00 target price for the company. Barclays began coverage on shares of Solaris Energy Infrastructure in a research report on Friday, June 6th. They set an "overweight" rating and a $42.00 price target for the company. Finally, Wall Street Zen cut Solaris Energy Infrastructure from a "hold" rating to a "sell" rating in a report on Wednesday, June 25th. One analyst has rated the stock with a sell rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Solaris Energy Infrastructure currently has an average rating of "Buy" and an average price target of $42.56.

Insiders Place Their Bets

In related news, Director Aj Teague bought 1,000 shares of the business's stock in a transaction 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 purchase, the director directly owned 98,459 shares of the company's stock, valued at $2,635,747.43. The trade was a 1.03% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO William A. Zartler purchased 10,000 shares of Solaris Energy Infrastructure stock in a transaction dated Wednesday, May 21st. The shares were bought at an average price of $21.78 per share, for a total transaction of $217,800.00. Following the acquisition, the chief executive officer owned 1,039,227 shares in the company, valued at approximately $22,634,364.06. This trade represents a 0.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 12,000 shares of company stock worth $267,150 in the last three months. 21.20% of the stock is currently 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.

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