Ritholtz Wealth Management Invests $2.78 Million in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)

Ritholtz Wealth Management acquired a new stake in shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 127,926 shares of the company's stock, valued at approximately $2,784,000. Ritholtz Wealth Management owned 0.19% of Solaris Energy Infrastructure as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. California State Teachers Retirement System purchased a new position in Solaris Energy Infrastructure during the 4th quarter valued at about $52,000. Riverview Trust Co purchased a new position in shares of Solaris Energy Infrastructure during the first quarter valued at approximately $47,000. GAMMA Investing LLC purchased a new position in shares of Solaris Energy Infrastructure during the first quarter valued at approximately $435,000. Assenagon Asset Management S.A. bought a new position in shares of Solaris Energy Infrastructure during the first quarter valued at approximately $772,000. Finally, Retirement Planning Group LLC purchased a new stake in Solaris Energy Infrastructure in the first quarter worth $802,000. Institutional investors own 67.44% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Northland Capmk upgraded shares of Solaris Energy Infrastructure to a "strong-buy" rating in a report on Tuesday, April 22nd. Stifel Nicolaus increased their price target on shares of Solaris Energy Infrastructure from $42.00 to $48.00 and gave the stock a "buy" rating in a research note on Monday, February 24th. Raymond James Financial started coverage on Solaris Energy Infrastructure in a research report on Friday, June 13th. They set an "outperform" rating and a $39.00 price objective on the stock. Vertical Research initiated coverage on Solaris Energy Infrastructure in a report on Wednesday, May 14th. They issued a "buy" rating and a $36.00 price objective for the company. Finally, Barclays began coverage on shares of Solaris Energy Infrastructure in a report on Friday, June 6th. They set an "overweight" rating and a $42.00 target price on the stock. Ten investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Solaris Energy Infrastructure currently has an average rating of "Buy" and a consensus target price of $42.56.

Insider Transactions at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, CEO William A. Zartler purchased 10,000 shares of the stock in a transaction dated Wednesday, May 21st. The shares were purchased at an average cost of $21.78 per share, with a total value of $217,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,039,227 shares in the company, valued at $22,634,364.06. This trade represents a 0.97% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Aj Teague acquired 1,000 shares of Solaris Energy Infrastructure stock in a transaction that occurred on Friday, May 23rd. The stock was acquired 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 directly owns 98,459 shares in the company, valued at $2,635,747.43. This represents a 1.03% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 12,000 shares of company stock worth $267,150. Corporate insiders own 21.20% of the company's stock.

Solaris Energy Infrastructure Stock Down 0.3%

Shares of NASDAQ:SEI traded down $0.08 on Thursday, hitting $29.17. 2,334,790 shares of the company traded hands, compared to its average volume of 1,095,531. The stock has a 50 day simple moving average of $23.52 and a 200-day simple moving average of $25.76. The company has a quick ratio of 3.40, a current ratio of 3.61 and a debt-to-equity ratio of 0.77. The company has a market cap of $1.97 billion, a PE ratio of 66.30 and a beta of 1.11. Solaris Energy Infrastructure, Inc. has a 52 week low of $10.96 and a 52 week high of $39.03.

Solaris Energy Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Tuesday, June 3rd were paid a dividend of $0.12 per share. The ex-dividend date was Tuesday, June 3rd. This represents a $0.48 dividend on an annualized basis and a yield of 1.65%. Solaris Energy Infrastructure's dividend payout ratio is currently 97.96%.

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.