Rhumbline Advisers Makes New Investment in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)

Rhumbline Advisers bought a new stake in shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 44,209 shares of the company's stock, valued at approximately $962,000. Rhumbline Advisers owned 0.07% of Solaris Energy Infrastructure as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, GAMMA Investing LLC purchased a new stake in Solaris Energy Infrastructure in the first quarter worth about $435,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Solaris Energy Infrastructure

In other news, Director Aj Teague purchased 1,000 shares of Solaris Energy Infrastructure stock in a transaction that occurred on 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 transaction, the director now directly owns 98,459 shares of the company's stock, valued at approximately $2,635,747.43. The trade was a 1.03% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William A. Zartler acquired 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The stock was purchased at an average price of $21.78 per share, with a total value of $217,800.00. Following the completion of the acquisition, the chief executive officer now owns 1,039,227 shares in the company, 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. Insiders purchased a total of 12,000 shares of company stock valued at $267,150 in the last quarter. 21.20% of the stock is owned by insiders.

Solaris Energy Infrastructure Stock Down 0.5%

NASDAQ:SEI traded down $0.14 during trading hours on Friday, reaching $28.85. 1,034,011 shares of the company traded hands, compared to its average volume of 1,095,212. The company has a current ratio of 3.61, a quick ratio of 3.40 and a debt-to-equity ratio of 0.77. The business's 50-day moving average price is $23.77 and its two-hundred day moving average price is $25.79. Solaris Energy Infrastructure, Inc. has a 1 year low of $10.96 and a 1 year high of $39.03. The stock has a market capitalization of $1.95 billion, a P/E ratio of 65.58 and a beta of 1.11.

Solaris Energy Infrastructure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Tuesday, June 3rd were issued a dividend of $0.12 per share. The ex-dividend date was Tuesday, June 3rd. This represents a $0.48 annualized dividend and a dividend yield of 1.66%. Solaris Energy Infrastructure's payout ratio is presently 97.96%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on SEI shares. Citigroup began coverage on Solaris Energy Infrastructure in a report on Thursday, May 22nd. They set a "buy" rating on the stock. Piper Sandler upped their price target on Solaris Energy Infrastructure from $50.00 to $51.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Northland Capmk upgraded Solaris Energy Infrastructure to a "strong-buy" rating in a report on Tuesday, April 22nd. Northland Securities began coverage on shares of Solaris Energy Infrastructure in a report on Tuesday, April 22nd. They set an "outperform" rating and a $37.00 target price on the stock. Finally, Barclays initiated coverage on shares of Solaris Energy Infrastructure in a research report on Friday, June 6th. They issued an "overweight" rating and a $42.00 target price on the stock. Ten research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Solaris Energy Infrastructure currently has a consensus rating of "Buy" and a consensus target price of $42.56.

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.