Solaris Energy Infrastructure, Inc. $SEI Stock Holdings Lifted by Acuitas Investments LLC

Key Points

• Acuitas Investments LLC has increased its holdings in Solaris Energy Infrastructure by 10.3%, now owning 189,018 shares, making this stock its largest position, valued at approximately $5.3 million.
• Major institutional investors, including Encompass Capital Advisors and Vanguard Group, have recently purchased significant stakes in Solaris Energy Infrastructure, contributing to a total institutional ownership of 67.44%.
• Solaris Energy Infrastructure's stock showed volatility, with a 12-month high of $56.14 and a low of $12.78, while analysts maintain a consensus rating of "Buy" with an average price target of $47.56.

Acuitas Investments LLC raised its holdings in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI - Free Report) by 10.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 189,018 shares of the company's stock after purchasing an additional 17,701 shares during the period. Solaris Energy Infrastructure accounts for about 4.3% of Acuitas Investments LLC's portfolio, making the stock its largest position. Acuitas Investments LLC owned 0.28% of Solaris Energy Infrastructure worth $5,347,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Encompass Capital Advisors LLC bought a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at about $78,967,000. Driehaus Capital Management LLC bought a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at about $44,073,000. Vanguard Group Inc. bought a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at about $35,060,000. Westwood Holdings Group Inc. bought a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at about $29,298,000. Finally, Millennium Management LLC bought a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at about $24,335,000. Hedge funds and other institutional investors own 67.44% of the company's stock.

Solaris Energy Infrastructure Stock Performance

Shares of NYSE SEI opened at $47.63 on Friday. 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 12 month low of $12.78 and a 12 month high of $56.14. The company has a 50 day simple moving average of $37.43 and a two-hundred day simple moving average of $30.11. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of 80.73 and a beta of 1.12.

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

Analyst Ratings Changes

SEI has been the topic of a number of recent analyst reports. Barclays raised their price target on shares of Solaris Energy Infrastructure from $39.00 to $44.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Northland Securities set a $61.00 price target on shares of Solaris Energy Infrastructure in a report on Thursday, October 9th. Stifel Nicolaus reiterated a "buy" rating and issued a $45.00 target price (up from $41.00) on shares of Solaris Energy Infrastructure in a research note on Friday, July 25th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Solaris Energy Infrastructure in a research note on Wednesday, October 8th. Finally, 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 research note on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $47.56.

Insider Buying and Selling at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, CFO Kyle S. Ramachandran acquired 2,000 shares of the firm's stock in a transaction on Tuesday, September 9th. The stock was acquired at an average cost of $25.00 per share, for a total transaction of $50,000.00. Following the purchase, the chief financial officer owned 370,338 shares in the company, valued at approximately $9,258,450. The trade was a 0.54% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William A. Zartler acquired 10,000 shares of the firm's stock in a transaction on Tuesday, September 9th. The shares were acquired at an average price of $24.83 per share, with a total value of $248,300.00. Following the completion of the purchase, the chief executive officer owned 1,049,227 shares in the company, valued at approximately $26,052,306.41. This trade represents a 0.96% increase in their position. The disclosure for this purchase can be found here. Company insiders own 21.20% of the company's stock.

Solaris Energy Infrastructure 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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