Retirement Planning Group LLC Takes $802,000 Position in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)

Retirement Planning Group LLC acquired a new stake in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 36,855 shares of the company's stock, valued at approximately $802,000. Retirement Planning Group LLC owned about 0.05% of Solaris Energy Infrastructure as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SEI. California State Teachers Retirement System bought a new position in shares of Solaris Energy Infrastructure in the fourth quarter valued at $52,000. GAMMA Investing LLC bought a new position in shares of Solaris Energy Infrastructure in the first quarter valued at $435,000. Finally, Rhumbline Advisers bought a new position in shares of Solaris Energy Infrastructure in the first quarter valued at $962,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

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, with a total value of $26,770.00. Following the completion of the acquisition, the director now owns 98,459 shares of the company's stock, valued at $2,635,747.43. This represents a 1.03% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Laurie H. Argo bought 4,000 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average cost of $22.43 per share, with a total value of $89,720.00. Following the acquisition, the director now directly owns 46,064 shares of the company's stock, valued at approximately $1,033,215.52. This represents a 9.51% increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 16,000 shares of company stock valued at $356,870 over the last ninety days. 21.20% of the stock is currently owned by company insiders.

Solaris Energy Infrastructure Trading Down 2.3%

SEI stock opened at $27.16 on Friday. 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 company has a fifty day moving average price of $21.82 and a two-hundred day moving average price of $25.43. Solaris Energy Infrastructure, Inc. has a one year low of $10.96 and a one year high of $39.03. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 61.72 and a beta of 1.11.

Solaris Energy Infrastructure Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Tuesday, June 3rd will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $0.48 dividend on an annualized basis and a yield of 1.77%. Solaris Energy Infrastructure's dividend payout ratio (DPR) is 97.96%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SEI. Janney Montgomery Scott began coverage on shares of Solaris Energy Infrastructure in a research note on Tuesday, February 25th. They issued a "buy" rating and a $57.00 target price for the company. Citigroup began coverage on shares of Solaris Energy Infrastructure in a research note on Thursday, May 22nd. They issued a "buy" rating for the company. Northland Securities began coverage on shares of Solaris Energy Infrastructure in a research note on Tuesday, April 22nd. They issued an "outperform" rating and a $37.00 target price for the company. Northland Capmk raised shares of Solaris Energy Infrastructure to a "strong-buy" rating in a research note on Tuesday, April 22nd. Finally, Vertical Research began coverage on shares of Solaris Energy Infrastructure in a research note on Wednesday, May 14th. They issued a "buy" rating and a $36.00 target price for the company. Eight investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $43.14.

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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