265,694 Shares in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) Bought by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC purchased a new position in shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 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 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Emerald Advisers LLC purchased a new position in shares of Solaris Energy Infrastructure in the first quarter worth about $15,188,000. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Solaris Energy Infrastructure during the 1st quarter valued at approximately $7,439,000. Bank of New York Mellon Corp bought a new position in Solaris Energy Infrastructure in the 1st quarter worth approximately $5,137,000. Congress Asset Management Co. purchased a new position in Solaris Energy Infrastructure in the 1st quarter valued at approximately $4,379,000. Finally, Acuitas Investments LLC bought a new stake in Solaris Energy Infrastructure during the 1st quarter valued at $3,728,000. Hedge funds and other institutional investors own 67.44% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Vertical Research began coverage on Solaris Energy Infrastructure in a report on Wednesday, May 14th. They issued a "buy" rating and a $36.00 price target for the company. Northland Securities assumed coverage on Solaris Energy Infrastructure in a research note on Tuesday, April 22nd. They issued an "outperform" rating and a $37.00 target price for the company. Barclays started coverage on Solaris Energy Infrastructure in a research report on Friday, June 6th. They set an "overweight" rating and a $42.00 price target on the stock. Northland Capmk upgraded shares of Solaris Energy Infrastructure to a "strong-buy" rating in a research report on Tuesday, April 22nd. Finally, Citigroup assumed coverage on shares of Solaris Energy Infrastructure in a research note on Thursday, May 22nd. They set a "buy" rating for the company. One analyst has rated the stock with a sell rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $42.56.

Insiders Place Their Bets

In other news, Director Aj Teague bought 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, with a total value of $26,770.00. Following the completion of the purchase, the director directly owned 98,459 shares in the company, valued at $2,635,747.43. The trade was a 1.03% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO William A. Zartler purchased 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, with a total value of $217,800.00. Following the purchase, the chief executive officer owned 1,039,227 shares of the company's stock, valued at approximately $22,634,364.06. The trade was a 0.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 12,000 shares of company stock valued at $267,150 over the last ninety days. 21.20% of the stock is currently owned by insiders.

Solaris Energy Infrastructure Price Performance

SEI traded up $0.62 on Monday, reaching $31.82. The company had a trading volume of 1,486,308 shares, compared to its average volume of 1,457,258. Solaris Energy Infrastructure, Inc. has a 52-week low of $10.96 and a 52-week high of $39.03. The company has a market cap of $2.15 billion, a price-to-earnings ratio of 72.31 and a beta of 1.09. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.40 and a current ratio of 3.61. The business has a 50 day simple moving average of $27.10 and a 200 day simple moving average of $26.02.

Solaris Energy Infrastructure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Tuesday, June 3rd were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.51%. The ex-dividend date was Tuesday, June 3rd. Solaris Energy Infrastructure's dividend payout ratio (DPR) 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.