Quantbot Technologies LP Purchases New Shares in Solaris Energy Infrastructure, Inc. $SEI

Key Points

• Quantbot Technologies LP has invested approximately $3.11 million in Solaris Energy Infrastructure, acquiring 142,793 shares and holding about 0.21% of the company.
• Solaris Energy Infrastructure has recently received several target price increases from analysts, with Piper Sandler raising their target from $50.00 to $51.00 and Stifel Nicolaus from $41.00 to $45.00.
• The company announced a quarterly dividend of $0.12 per share, with an annualized yield of 1.8%, set to be paid on September 26th.

Quantbot Technologies LP bought a new position in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 142,793 shares of the company's stock, valued at approximately $3,107,000. Quantbot Technologies LP owned 0.21% of Solaris Energy Infrastructure at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Wayfinding Financial LLC acquired a new stake in Solaris Energy Infrastructure in the first quarter worth $29,000. US Bancorp DE acquired a new stake in Solaris Energy Infrastructure in the first quarter worth $38,000. California State Teachers Retirement System acquired a new position in shares of Solaris Energy Infrastructure during the fourth quarter valued at $52,000. Nisa Investment Advisors LLC acquired a new position in shares of Solaris Energy Infrastructure during the first quarter valued at $41,000. Finally, Riverview Trust Co acquired a new position in shares of Solaris Energy Infrastructure during the first quarter valued at $47,000. 67.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SEI has been the topic of a number of research analyst reports. Stifel Nicolaus reissued a "buy" rating and set a $45.00 price target (up from $41.00) on shares of Solaris Energy Infrastructure in a report on Friday, July 25th. Citigroup initiated coverage on Solaris Energy Infrastructure in a report on Thursday, May 22nd. They set a "buy" rating on the stock. Raymond James Financial reissued an "outperform" rating and set a $38.00 price target (down from $39.00) on shares of Solaris Energy Infrastructure in a report on Wednesday, July 23rd. Barclays raised their price target on Solaris Energy Infrastructure from $39.00 to $44.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Finally, Northland Securities set a $50.00 price target on Solaris Energy Infrastructure in a report on Monday, August 4th. Two research analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the stock. According to MarketBeat, Solaris Energy Infrastructure has an average rating of "Buy" and an average price target of $43.67.

Solaris Energy Infrastructure Price Performance

SEI stock traded up $0.6090 during trading hours on Friday, hitting $28.6890. 1,324,755 shares of the stock traded hands, compared to its average volume of 1,528,035. The stock has a 50-day simple moving average of $29.97 and a 200 day simple moving average of $26.20. Solaris Energy Infrastructure, Inc. has a one year low of $10.96 and a one year high of $39.03. The company has a market cap of $1.94 billion, a P/E ratio of 65.20 and a beta of 1.14. The company has a current ratio of 3.61, a quick ratio of 3.40 and a debt-to-equity ratio of 0.77.

Solaris Energy Infrastructure Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 16th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.48 annualized dividend and a yield of 1.7%. Solaris Energy Infrastructure's dividend payout ratio (DPR) is currently 81.36%.

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.