Penn Capital Management Company LLC Takes $297,000 Position in Solaris Energy Infrastructure, Inc. $SEI

Key Points

• Penn Capital Management Company LLC has acquired $297,000 worth of shares in Solaris Energy Infrastructure, purchasing 13,648 shares during the first quarter.
• Institutional investors now own 67.44% of Solaris Energy's stock, indicating significant institutional interest in the company.
• Solaris Energy Infrastructure plans to pay a quarterly dividend of $0.12 per share on September 26th, with a yield of 1.7%.

Penn Capital Management Company LLC acquired a new position in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,648 shares of the company's stock, valued at approximately $297,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SEI. Cerity Partners LLC bought a new stake in shares of Solaris Energy Infrastructure during the 1st quarter worth about $264,000. GW&K Investment Management LLC acquired a new position in shares of Solaris Energy Infrastructure during the first quarter valued at approximately $9,437,000. Informed Momentum Co LLC bought a new stake in Solaris Energy Infrastructure during the first quarter worth approximately $2,458,000. Acuitas Investments LLC acquired a new stake in Solaris Energy Infrastructure in the first quarter worth approximately $3,728,000. Finally, Emerald Advisers LLC acquired a new stake in Solaris Energy Infrastructure in the first quarter worth approximately $15,188,000. Institutional investors own 67.44% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SEI. Raymond James Financial reiterated an "outperform" rating and set a $38.00 price target (down from $39.00) on shares of Solaris Energy Infrastructure in a research report on Wednesday, July 23rd. Wall Street Zen cut shares of Solaris Energy Infrastructure from a "hold" rating to a "sell" rating in a research report on Wednesday, June 25th. Northland Securities set a $50.00 price target on shares of Solaris Energy Infrastructure in a report on Monday, August 4th. Citigroup began coverage on shares of Solaris Energy Infrastructure in a research note on Thursday, May 22nd. They issued a "buy" rating on the stock. Finally, Vertical Research initiated coverage on shares of Solaris Energy Infrastructure in a report on Wednesday, May 14th. They set a "buy" rating and a $36.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $43.67.

Solaris Energy Infrastructure Stock Performance

Shares of SEI opened at $28.6890 on Friday. The company has a 50-day moving average of $29.97 and a two-hundred day moving average of $26.18. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 65.20 and a beta of 1.14. 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, Inc. has a one year low of $10.96 and a one year high of $39.03.

Solaris Energy Infrastructure Announces Dividend

The company 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 annualized dividend and a yield of 1.7%. The ex-dividend date is Tuesday, September 16th. Solaris Energy Infrastructure's payout ratio is presently 81.36%.

About Solaris Energy Infrastructure

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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