PDT Partners LLC Takes $1.85 Million Position 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 purchased a new stake in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 85,038 shares of the company's stock, valued at approximately $1,850,000. PDT Partners LLC owned approximately 0.13% of Solaris Energy Infrastructure as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Wayfinding Financial LLC acquired a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at $29,000. US Bancorp DE acquired a new stake in Solaris Energy Infrastructure in the 1st quarter valued at approximately $38,000. Nisa Investment Advisors LLC acquired a new position in shares of Solaris Energy Infrastructure in the first quarter worth $41,000. Riverview Trust Co purchased a new stake in shares of Solaris Energy Infrastructure during the 1st quarter worth $47,000. Finally, California State Teachers Retirement System purchased a new stake in Solaris Energy Infrastructure in the fourth quarter valued at $52,000. Institutional investors own 67.44% of the company's stock.

Insiders Place Their Bets

In other news, Director Edgar R. Jr. Giesinger sold 10,000 shares of the business's 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. The trade was a 9.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Christopher M. Powell sold 12,750 shares of the business's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $30.00, for a total transaction of $382,500.00. Following the completion of the sale, the insider directly 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. Insiders own 21.20% of the company's stock.

Solaris Energy Infrastructure Trading Down 1.6%

Shares of NYSE:SEI traded down $0.42 during mid-day trading on Monday, reaching $26.03. The stock had a trading volume of 396,465 shares, compared to its average volume of 1,533,458. The firm has a 50 day simple moving average of $30.12 and a two-hundred day simple moving average of $26.27. The company has a current ratio of 3.11, a quick ratio of 2.98 and a debt-to-equity ratio of 0.76. The firm has a market cap of $1.76 billion, a PE ratio of 44.12 and a beta of 1.15. Solaris Energy Infrastructure, Inc. has a twelve month low of $10.96 and a twelve month high of $39.03.

Solaris Energy Infrastructure Announces Dividend

The business also recently disclosed 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. This represents a $0.48 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, September 16th. Solaris Energy Infrastructure's payout ratio is 81.36%.

Analysts Set New Price Targets

SEI has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Solaris Energy Infrastructure from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Raymond James Financial reissued an "outperform" rating and set a $38.00 price objective (down previously from $39.00) on shares of Solaris Energy Infrastructure in a research note on Wednesday, July 23rd. Vertical Research initiated coverage on shares of Solaris Energy Infrastructure in a research note on Wednesday, May 14th. They set a "buy" rating and a $36.00 price target on the stock. Barclays raised their price target on shares of Solaris Energy Infrastructure from $39.00 to $44.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Finally, Stifel Nicolaus reissued a "buy" rating and set a $45.00 price objective (up from $41.00) on shares of Solaris Energy Infrastructure in a report on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price 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.