XTX Topco Ltd Acquires Shares of 51,367 Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)

Key Points

• XTX Topco Ltd made a new investment in Solaris Energy Infrastructure, Inc. valued at approximately $1.12 million, acquiring over 51,000 shares during the first quarter.
• Analysts have given Solaris Energy Infrastructure a mix of ratings; while one report downgraded it to a "sell", multiple others have assigned "buy" and "strong-buy" ratings, indicating a consensus target price of $42.33.
• Solaris Energy recently declared a quarterly dividend of $0.12 per share, set to be paid on September 26th, reflecting an annual yield of 1.6%.

XTX Topco Ltd acquired a new position in shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 51,367 shares of the company's stock, valued at approximately $1,118,000. XTX Topco Ltd owned 0.08% of Solaris Energy Infrastructure at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Emerald Advisers LLC acquired a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at about $15,188,000. Royce & Associates LP acquired a new stake in shares of Solaris Energy Infrastructure in the first quarter valued at about $11,190,000. GW&K Investment Management LLC acquired a new stake in shares of Solaris Energy Infrastructure in the first quarter valued at about $9,437,000. Pinnacle Associates Ltd. acquired a new stake in shares of Solaris Energy Infrastructure in the first quarter valued at about $7,783,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Solaris Energy Infrastructure in the first quarter valued at about $7,439,000. Institutional investors and hedge funds own 67.44% of the company's stock.

Insider Buying and Selling

In other Solaris Energy Infrastructure news, Director Aj Teague purchased 1,000 shares of the company's stock in a transaction dated Friday, May 23rd. The stock was bought at an average cost of $26.77 per share, for a total transaction of $26,770.00. Following the completion of the transaction, the director owned 98,459 shares in the company, valued at approximately $2,635,747.43. This represents a 1.03% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO William A. Zartler purchased 10,000 shares of the company's stock in a transaction dated Wednesday, May 21st. The stock was acquired 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 owned 1,039,227 shares of the company's stock, valued at $22,634,364.06. This represents a 0.97% increase in their position. The disclosure for this purchase can be found here. 21.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SEI. Vertical Research began coverage on Solaris Energy Infrastructure in a research report on Wednesday, May 14th. They issued a "buy" rating and a $36.00 target price on the stock. Raymond James Financial reaffirmed an "outperform" rating and issued a $38.00 target price (down previously from $39.00) on shares of Solaris Energy Infrastructure in a research report on Wednesday, July 23rd. Barclays reaffirmed an "overweight" rating and issued a $44.00 target price (up previously from $39.00) on shares of Solaris Energy Infrastructure in a research report on Monday, July 28th. Wall Street Zen cut Solaris Energy Infrastructure from a "hold" rating to a "sell" rating in a report on Wednesday, June 25th. Finally, Stifel Nicolaus reiterated a "buy" rating and set a $45.00 price target (up previously from $41.00) on shares of Solaris Energy Infrastructure in a report on Friday, July 25th. One equities 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $42.33.

Solaris Energy Infrastructure Stock Performance

Shares of NASDAQ:SEI traded down $2.52 during trading on Friday, reaching $30.16. 2,675,058 shares of the stock were exchanged, compared to its average volume of 1,507,633. Solaris Energy Infrastructure, Inc. has a 12 month low of $10.96 and a 12 month high of $39.03. The firm has a market cap of $2.04 billion, a PE ratio of 68.54 and a beta of 1.09. The stock has a 50-day moving average price of $29.56 and a 200-day moving average price of $26.18. 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 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. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Tuesday, September 16th. Solaris Energy Infrastructure's payout ratio is presently 81.36%.

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.