Phoenix Financial Ltd. Makes New Investment in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)

Key Points

• Phoenix Financial Ltd. acquired a stake in Solaris Energy Infrastructure, purchasing 40,007 shares valued at approximately $875,000, representing a 0.06% ownership in the company.
• Recently, other large investors, including Acuitas Investments LLC and Emerald Advisers LLC, also made significant investments, indicating strong institutional interest as 67.44% of the stock is held by hedge funds and institutional investors.
• Solaris Energy Infrastructure announced a quarterly dividend of $0.12 per share, with a payout ratio of 97.96%, reflecting a commitment to return value to shareholders.

Phoenix Financial Ltd. bought a new stake in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 40,007 shares of the company's stock, valued at approximately $875,000. Phoenix Financial Ltd. owned about 0.06% of Solaris Energy Infrastructure as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Wayfinding Financial LLC acquired a new stake in shares of Solaris Energy Infrastructure during the 1st quarter worth approximately $29,000. California State Teachers Retirement System acquired a new stake in shares of Solaris Energy Infrastructure during the 4th quarter worth approximately $52,000. Nisa Investment Advisors LLC acquired a new stake in shares of Solaris Energy Infrastructure during the 1st quarter worth approximately $41,000. Riverview Trust Co acquired a new stake in shares of Solaris Energy Infrastructure during the 1st quarter worth approximately $47,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Solaris Energy Infrastructure during the 1st quarter worth approximately $144,000. Institutional investors and hedge funds own 67.44% of the company's stock.

Solaris Energy Infrastructure Trading Down 0.7%

Shares of SEI stock traded down $0.25 on Wednesday, reaching $33.55. 621,207 shares of the stock were exchanged, compared to its average volume of 1,487,358. The stock has a market cap of $2.27 billion, a PE ratio of 76.94 and a beta of 1.09. Solaris Energy Infrastructure, Inc. has a one year low of $10.96 and a one year high of $39.03. 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 has a 50 day moving average price of $29.13 and a 200 day moving average price of $26.18.

Solaris Energy Infrastructure Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.43%. Solaris Energy Infrastructure's payout ratio is currently 81.36%.

Insiders Place Their Bets

In other news, Director Aj Teague bought 1,000 shares of the company's stock in a transaction dated Friday, May 23rd. The stock was bought at an average price of $26.77 per share, for a total transaction of $26,770.00. Following the completion of the transaction, the director directly owned 98,459 shares in the company, valued at $2,635,747.43. The trade was a 1.03% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO William A. Zartler bought 10,000 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were purchased at an average price of $21.78 per share, with a total value of $217,800.00. Following the transaction, the chief executive officer owned 1,039,227 shares of the company's stock, valued at $22,634,364.06. The trade was a 0.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 12,000 shares of company stock valued at $267,150. 21.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on SEI shares. Barclays reissued an "overweight" rating and set a $44.00 price objective (up previously from $39.00) on shares of Solaris Energy Infrastructure in a report on Monday. Vertical Research assumed coverage on Solaris Energy Infrastructure in a research report on Wednesday, May 14th. They set a "buy" rating and a $36.00 target price for the company. Northland Securities assumed coverage on Solaris Energy Infrastructure in a research report on Tuesday, April 22nd. They set an "outperform" rating and a $37.00 target price for the company. Piper Sandler raised their target price on Solaris Energy Infrastructure from $50.00 to $51.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Finally, Wall Street Zen downgraded Solaris Energy Infrastructure from a "hold" rating to a "sell" rating in a research report on Wednesday, June 25th. One investment analyst has rated the stock with a sell rating, ten have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Solaris Energy Infrastructure has a consensus rating of "Buy" and an average price target of $42.33.

Solaris Energy Infrastructure 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.