Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired a new stake in Solaris Energy Infrastructure, purchasing 146,770 shares valued at approximately $3.19 million, representing 0.22% of the company's stock.
• Insider transactions include Director Aj Teague buying 1,000 shares for $26,770 and CEO William A. Zartler purchasing 10,000 shares for $217,800, reflecting growth in their respective holdings.
• The company announced a quarterly dividend of $0.12, with an ex-dividend date of September 16th, leading to an annualized dividend yield of 1.47% and a payout ratio of 81.36%.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 146,770 shares of the company's stock, valued at approximately $3,194,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.22% of Solaris Energy Infrastructure at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in SEI. Emerald Advisers LLC acquired a new position in shares of Solaris Energy Infrastructure during the first quarter valued at about $15,188,000. GW&K Investment Management LLC bought a new position in shares of Solaris Energy Infrastructure during the first quarter valued at about $9,437,000. Emerald Mutual Fund Advisers Trust bought a new position in shares of Solaris Energy Infrastructure during the first quarter valued at about $7,439,000. Stephens Investment Management Group LLC bought a new position in shares of Solaris Energy Infrastructure during the first quarter valued at about $5,782,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Solaris Energy Infrastructure during the first quarter valued at about $5,137,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity 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 bought at an average price of $21.78 per share, with a total value of $217,800.00. Following the completion of the transaction, the chief executive officer directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Aj Teague purchased 1,000 shares of the stock in a transaction dated Friday, May 23rd. The stock was acquired at an average cost of $26.77 per share, for a total transaction of $26,770.00. Following the transaction, 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 disclosure for this purchase can be found here. Insiders own 21.20% of the company's stock.

Solaris Energy Infrastructure Stock Performance

SEI stock traded down $2.17 during mid-day trading on Friday, hitting $30.50. The company had a trading volume of 1,362,589 shares, compared to its average volume of 1,498,237. The firm has a market cap of $2.06 billion, a PE ratio of 69.31 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. Solaris Energy Infrastructure, Inc. has a 12 month low of $10.96 and a 12 month high of $39.03. The stock's fifty day moving average price is $29.50 and its two-hundred day moving average price is $26.25.

Solaris Energy Infrastructure Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 16th will be given a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.48 annualized dividend and a dividend yield of 1.6%. Solaris Energy Infrastructure's payout ratio is 81.36%.

Analysts Set New Price Targets

A number of research firms recently weighed in on SEI. Piper Sandler raised their price target on shares of Solaris Energy Infrastructure from $50.00 to $51.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Northland Securities began coverage on shares of Solaris Energy Infrastructure in a research report on Tuesday, April 22nd. They set an "outperform" rating and a $37.00 price target on the stock. 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 research report on Monday. Northland Capmk raised shares of Solaris Energy Infrastructure to a "strong-buy" rating in a research report on Tuesday, April 22nd. Finally, Vertical Research initiated coverage on shares of Solaris Energy Infrastructure in a research report on Wednesday, May 14th. They set a "buy" rating and a $36.00 price target on the stock. One research analyst has rated the stock with a sell rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $42.33.

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.