Westwood Holdings Group Inc. Buys Shares of 1,346,400 Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)

Key Points

• Westwood Holdings Group Inc. has acquired a new position in Solaris Energy Infrastructure, purchasing 1,346,400 shares valued at approximately $29.30 million, resulting in ownership of 2.01% of the company.
• Solaris Energy Infrastructure plans to pay a quarterly dividend of $0.12 on September 26th, representing an annualized dividend yield of 1.6%.
• A recent analysis showed multiple institutional investors increasing their stakes in Solaris Energy Infrastructure, with 67.44% of the stock currently owned by institutional investors.

Westwood Holdings Group Inc. purchased a new stake in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,346,400 shares of the company's stock, valued at approximately $29,298,000. Westwood Holdings Group Inc. owned about 2.01% of Solaris Energy Infrastructure at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of SEI. Emerald Advisers LLC purchased a new stake in Solaris Energy Infrastructure in the 1st quarter valued at $15,188,000. Royce & Associates LP acquired a new position in Solaris Energy Infrastructure in the 1st quarter valued at $11,190,000. GW&K Investment Management LLC acquired a new position in Solaris Energy Infrastructure in the 1st quarter valued at $9,437,000. Pinnacle Associates Ltd. acquired a new position in Solaris Energy Infrastructure in the 1st quarter valued at $7,783,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in Solaris Energy Infrastructure in the 1st quarter valued at $7,439,000. Hedge funds and other institutional investors own 67.44% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SEI. Northland Securities set a $50.00 price objective on shares of Solaris Energy Infrastructure in a research note on Monday, August 4th. Vertical Research began coverage on shares of Solaris Energy Infrastructure in a research note on Wednesday, May 14th. They issued a "buy" rating and a $36.00 price objective on the stock. Piper Sandler boosted their price objective on shares of Solaris Energy Infrastructure from $50.00 to $51.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Northland Capmk raised shares of Solaris Energy Infrastructure to a "strong-buy" rating in a research note on Tuesday, April 22nd. Finally, Raymond James Financial reaffirmed an "outperform" rating and set a $38.00 price target (down from $39.00) on shares of Solaris Energy Infrastructure in a research note on Wednesday, July 23rd. One 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's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $43.78.

Solaris Energy Infrastructure Price Performance

Shares of NASDAQ:SEI traded down $0.67 on Friday, reaching $29.94. 2,198,321 shares of the company were exchanged, compared to its average volume of 1,522,166. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 68.04 and a beta of 1.14. Solaris Energy Infrastructure, Inc. has a 1-year low of $10.96 and a 1-year high of $39.03. The company has a 50-day moving average of $29.86 and a 200-day moving average of $26.17. 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 Announces Dividend

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

Insider Transactions at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, CEO William A. Zartler acquired 10,000 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $22,634,364.06. The trade was a 0.97% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Aj Teague acquired 1,000 shares of the stock in a transaction that occurred on 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 completion of the purchase, the director owned 98,459 shares in the company, valued at $2,635,747.43. The trade was a 1.03% increase in their position. The disclosure for this purchase can be found here. 21.20% of the stock is currently owned by corporate 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.