Royce & Associates LP Takes Position in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)

Key Points

• Royce & Associates LP acquired a new position in Solaris Energy Infrastructure, purchasing 514,258 shares valued at approximately $11.2 million, representing about 0.77% of the company's stock.
• Solaris Energy Infrastructure recently announced a quarterly dividend of $0.12 per share, with a dividend yield of 1.48% and a payout ratio of 97.96%.
• Analysts have given Solaris Energy Infrastructure an average rating of "Buy," with a consensus target price of $41.78, despite some adjustments in price targets by various research firms.

Royce & Associates LP acquired a new position in shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 514,258 shares of the company's stock, valued at approximately $11,190,000. Royce & Associates LP owned approximately 0.77% of Solaris Energy Infrastructure as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Acuitas Investments LLC bought a new position in Solaris Energy Infrastructure in the 1st quarter worth about $3,728,000. Emerald Advisers LLC bought a new stake in shares of Solaris Energy Infrastructure during the 1st quarter valued at about $15,188,000. U.S. Capital Wealth Advisors LLC purchased a new position in shares of Solaris Energy Infrastructure during the first quarter worth about $267,000. Stephens Investment Management Group LLC bought a new position in shares of Solaris Energy Infrastructure in the first quarter worth approximately $5,782,000. Finally, GAMMA Investing LLC purchased a new stake in Solaris Energy Infrastructure in the first quarter valued at approximately $435,000. Institutional investors own 67.44% of the company's stock.

Solaris Energy Infrastructure Trading Down 3.9%

NASDAQ SEI opened at $32.54 on Friday. The firm has a market cap of $2.20 billion, a PE ratio of 73.94 and a beta of 1.09. Solaris Energy Infrastructure, Inc. has a 1-year low of $10.96 and a 1-year high of $39.03. The stock has a 50-day moving average of $28.68 and a 200-day moving average of $26.14. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 16th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Tuesday, September 16th. Solaris Energy Infrastructure's dividend payout ratio (DPR) is presently 97.96%.

Analysts Set New Price Targets

A number of research firms have commented on SEI. Barclays cut their price target on shares of Solaris Energy Infrastructure from $42.00 to $39.00 and set an "overweight" rating for the company in a research note on Monday, July 21st. Wall Street Zen lowered shares of Solaris Energy Infrastructure from a "hold" rating to a "sell" rating in a research report on Wednesday, June 25th. Stifel Nicolaus reissued a "buy" rating and issued a $45.00 target price (up previously from $41.00) on shares of Solaris Energy Infrastructure in a research note on Friday. Citigroup began coverage on Solaris Energy Infrastructure in a research note on Thursday, May 22nd. They set a "buy" rating for the company. Finally, Vertical Research assumed coverage on Solaris Energy Infrastructure in a research report on Wednesday, May 14th. They set a "buy" rating and a $36.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Solaris Energy Infrastructure currently has an average rating of "Buy" and a consensus target price of $41.78.

Insider Buying and Selling

In other news, CEO William A. Zartler bought 10,000 shares of the company's stock in a transaction dated Wednesday, May 21st. The stock was bought at an average cost of $21.78 per share, for a total transaction of $217,800.00. Following the completion of the acquisition, the chief executive officer owned 1,039,227 shares in the company, valued at approximately $22,634,364.06. This trade represents a 0.97% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Aj Teague purchased 1,000 shares of Solaris Energy Infrastructure stock in a transaction that occurred on Friday, May 23rd. The shares were acquired at an average price of $26.77 per share, for a total transaction of $26,770.00. Following the acquisition, the director owned 98,459 shares in the company, valued at $2,635,747.43. This trade represents a 1.03% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have bought 12,000 shares of company stock valued at $267,150. Insiders own 21.20% of the company's stock.

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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