PDT Partners LLC Purchases New Holdings in Solaris Energy Infrastructure, Inc. $SEI

Key Points

• PDT Partners LLC made a new investment in Solaris Energy Infrastructure, acquiring 85,038 shares valued at approximately $1.85 million, increasing its ownership to about 0.13% of the company.
• Solaris Energy Infrastructure has announced a quarterly dividend of $0.12 per share, with an ex-dividend date of September 16th, representing an annualized yield of 1.6%.
• Analysts have a consensus rating of "Buy" for Solaris Energy Infrastructure, with a price target of $43.67, and notable upgrades from firms including Barclays and Northland Securities.

PDT Partners LLC acquired a new position in Solaris Energy Infrastructure, Inc. (NYSE:SEI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 85,038 shares of the company's stock, valued at approximately $1,850,000. PDT Partners LLC owned about 0.13% of Solaris Energy Infrastructure as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Cubist Systematic Strategies LLC purchased a new stake in shares of Solaris Energy Infrastructure in the first quarter valued at approximately $2,145,000. Royal Bank of Canada acquired a new position in Solaris Energy Infrastructure during the 1st quarter worth about $477,000. Clough Capital Partners L P purchased a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at about $1,312,000. Driehaus Capital Management LLC purchased a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at about $44,073,000. Finally, Keeley Teton Advisors LLC acquired a new stake in shares of Solaris Energy Infrastructure during the 1st quarter worth about $1,398,000. Hedge funds and other institutional investors own 67.44% of the company's stock.

Solaris Energy Infrastructure Trading Down 0.0%

Shares of Solaris Energy Infrastructure stock traded down $0.01 during trading hours on Friday, hitting $26.48. The company's stock had a trading volume of 1,802,362 shares, compared to its average volume of 1,624,178. Solaris Energy Infrastructure, Inc. has a 1-year low of $10.96 and a 1-year high of $39.03. The business has a fifty day moving average of $30.12 and a 200 day moving average of $26.29. The company has a market capitalization of $1.79 billion, a PE ratio of 44.88 and a beta of 1.15. The company has a quick ratio of 2.98, a current ratio of 3.11 and a debt-to-equity ratio of 0.76.

Solaris Energy Infrastructure Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 16th will be paid a $0.12 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.8%. Solaris Energy Infrastructure's dividend payout ratio (DPR) is 81.36%.

Insider Transactions at Solaris Energy Infrastructure

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SEI shares. Raymond James Financial reissued an "outperform" rating and issued a $38.00 price objective (down from $39.00) on shares of Solaris Energy Infrastructure in a report on Wednesday, July 23rd. Wall Street Zen upgraded Solaris Energy Infrastructure from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Piper Sandler decreased their target price on Solaris Energy Infrastructure from $51.00 to $50.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 20th. Stifel Nicolaus restated 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. Finally, Barclays upped their price objective on Solaris Energy Infrastructure from $39.00 to $44.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company. Based on data from MarketBeat, Solaris Energy Infrastructure currently has an average rating of "Buy" and an average price target of $43.67.

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.