Ritholtz Wealth Management Increases Stock Holdings in Solaris Energy Infrastructure, Inc. $SEI

Ritholtz Wealth Management grew its holdings in Solaris Energy Infrastructure, Inc. (NYSE:SEI - Free Report) by 4.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 133,178 shares of the company's stock after purchasing an additional 5,252 shares during the quarter. Ritholtz Wealth Management owned 0.20% of Solaris Energy Infrastructure worth $3,768,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Strs Ohio purchased a new position in Solaris Energy Infrastructure in the 1st quarter valued at approximately $28,000. Wayfinding Financial LLC purchased a new position in Solaris Energy Infrastructure in the 1st quarter valued at approximately $29,000. US Bancorp DE purchased a new position in Solaris Energy Infrastructure in the 1st quarter valued at approximately $38,000. Nisa Investment Advisors LLC purchased a new position in Solaris Energy Infrastructure in the first quarter valued at $41,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Solaris Energy Infrastructure in the first quarter valued at $135,000. Hedge funds and other institutional investors own 67.44% of the company's stock.

Insider Transactions at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, CFO Kyle S. Ramachandran purchased 2,000 shares of Solaris Energy Infrastructure stock in a transaction that occurred on Tuesday, September 9th. The stock was purchased at an average price of $25.00 per share, for a total transaction of $50,000.00. Following the transaction, the chief financial officer directly owned 370,338 shares in the company, valued at $9,258,450. This trade represents a 0.54% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO William A. Zartler purchased 10,000 shares of Solaris Energy Infrastructure stock in a transaction that occurred on Tuesday, September 9th. The stock was acquired at an average price of $24.83 per share, with a total value of $248,300.00. Following the transaction, the chief executive officer owned 1,049,227 shares in the company, valued at $26,052,306.41. The trade was a 0.96% increase in their ownership of the stock. The disclosure for this purchase can be found here. 21.20% of the stock is owned by insiders.

Solaris Energy Infrastructure Stock Up 4.2%

Shares of NYSE:SEI opened at $54.96 on Thursday. The company has a market capitalization of $3.71 billion, a PE ratio of 93.15 and a beta of 1.12. The company has a current ratio of 3.11, a quick ratio of 2.98 and a debt-to-equity ratio of 0.76. Solaris Energy Infrastructure, Inc. has a twelve month low of $12.78 and a twelve month high of $55.70. The firm has a 50 day simple moving average of $34.97 and a 200-day simple moving average of $28.85.

Solaris Energy Infrastructure (NYSE:SEI - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.08 earnings per share for the quarter. Solaris Energy Infrastructure had a net margin of 4.99% and a return on equity of 7.66%. The firm had revenue of $75.02 million during the quarter. On average, equities analysts predict that Solaris Energy Infrastructure, Inc. will post 0.36 EPS for the current fiscal year.

Solaris Energy Infrastructure Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Tuesday, September 16th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, September 16th. Solaris Energy Infrastructure's payout ratio is presently 81.36%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SEI shares. Raymond James Financial reiterated an "outperform" rating and issued a $38.00 target price (down from $39.00) on shares of Solaris Energy Infrastructure in a report on Wednesday, July 23rd. Barclays lifted their price objective on Solaris Energy Infrastructure from $39.00 to $44.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Northland Securities set a $61.00 price target on shares of Solaris Energy Infrastructure in a research note on Thursday, October 9th. Piper Sandler decreased their price target on shares of Solaris Energy Infrastructure from $51.00 to $50.00 and set an "overweight" rating for the company in a research note on Wednesday, August 20th. Finally, Citigroup lifted their price target on shares of Solaris Energy Infrastructure from $38.00 to $56.00 and gave the stock a "buy" rating in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $47.56.

Solaris Energy Infrastructure Company 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.

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