Stephens Investment Management Group LLC Buys Shares of 265,694 Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)

Stephens Investment Management Group LLC bought a new position in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 265,694 shares of the company's stock, valued at approximately $5,782,000. Stephens Investment Management Group LLC owned about 0.40% of Solaris Energy Infrastructure at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Emerald Advisers LLC bought a new stake in shares of Solaris Energy Infrastructure in the 1st quarter worth approximately $15,188,000. Emerald Mutual Fund Advisers Trust bought a new stake in shares of Solaris Energy Infrastructure in the 1st quarter worth approximately $7,439,000. Bank of New York Mellon Corp bought a new stake in shares of Solaris Energy Infrastructure in the 1st quarter worth approximately $5,137,000. Congress Asset Management Co. bought a new stake in shares of Solaris Energy Infrastructure in the 1st quarter worth approximately $4,379,000. Finally, Acuitas Investments LLC bought a new stake in shares of Solaris Energy Infrastructure in the 1st quarter worth approximately $3,728,000. 67.44% of the stock is owned by institutional investors and hedge funds.

Solaris Energy Infrastructure Trading Down 2.7%

Solaris Energy Infrastructure stock traded down $0.81 during trading hours on Thursday, reaching $29.07. 1,190,723 shares of the company's stock were exchanged, compared to its average volume of 1,115,418. 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 firm's 50 day simple moving average is $27.75 and its 200 day simple moving average is $26.11. Solaris Energy Infrastructure, Inc. has a twelve month low of $10.96 and a twelve month high of $39.03. The firm has a market capitalization of $1.96 billion, a PE ratio of 66.07 and a beta of 1.09.

Solaris Energy Infrastructure Announces Dividend

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

Analysts Set New Price Targets

Several research firms recently commented on SEI. Vertical Research began coverage on Solaris Energy Infrastructure in a research report on Wednesday, May 14th. They set a "buy" rating and a $36.00 target price for the company. Stifel Nicolaus cut their target price on Solaris Energy Infrastructure from $45.00 to $41.00 and set a "buy" rating for the company in a research report on Wednesday. Citigroup assumed coverage on Solaris Energy Infrastructure in a report on Thursday, May 22nd. They set a "buy" rating for the company. Northland Capmk raised Solaris Energy Infrastructure to a "strong-buy" rating in a report on Tuesday, April 22nd. Finally, Barclays assumed coverage on Solaris Energy Infrastructure in a report on Friday, June 6th. They set an "overweight" rating and a $42.00 price target for the company. One 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's stock. According to MarketBeat, Solaris Energy Infrastructure currently has a consensus rating of "Buy" and an average price target of $41.78.

Insider Activity

In related news, Director Aj Teague purchased 1,000 shares of the business's stock in a transaction on Friday, May 23rd. The stock was acquired at an average price of $26.77 per share, for a total transaction of $26,770.00. Following the purchase, the director owned 98,459 shares of the company's stock, valued at approximately $2,635,747.43. This trade represents a 1.03% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO William A. Zartler bought 10,000 shares of the company's stock in a transaction on Wednesday, May 21st. The shares were purchased at an average cost of $21.78 per share, for a total transaction of $217,800.00. Following the transaction, the chief executive officer owned 1,039,227 shares in the company, valued at approximately $22,634,364.06. This represents a 0.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 12,000 shares of company stock valued at $267,150. 21.20% of the stock is currently owned by company insiders.

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.