Russell Investments Group Ltd. Sells 781,046 Shares of Solaris Oilfield Infrastructure, Inc. (NYSE:SOI)

Russell Investments Group Ltd. cut its stake in Solaris Oilfield Infrastructure, Inc. (NYSE:SOI - Free Report) by 72.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 294,450 shares of the company's stock after selling 781,046 shares during the period. Russell Investments Group Ltd. owned 0.67% of Solaris Oilfield Infrastructure worth $2,344,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SOI. Strs Ohio boosted its stake in shares of Solaris Oilfield Infrastructure by 10.9% in the 4th quarter. Strs Ohio now owns 57,200 shares of the company's stock valued at $455,000 after purchasing an additional 5,600 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in Solaris Oilfield Infrastructure during the 4th quarter worth about $1,520,000. SG Americas Securities LLC raised its position in shares of Solaris Oilfield Infrastructure by 40.6% in the 4th quarter. SG Americas Securities LLC now owns 17,563 shares of the company's stock worth $140,000 after acquiring an additional 5,074 shares in the last quarter. First Hawaiian Bank acquired a new position in shares of Solaris Oilfield Infrastructure in the 4th quarter valued at about $83,000. Finally, Vanguard Group Inc. boosted its position in shares of Solaris Oilfield Infrastructure by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,683,678 shares of the company's stock valued at $17,948,000 after purchasing an additional 11,006 shares in the last quarter. Institutional investors and hedge funds own 67.44% of the company's stock.

Wall Street Analyst Weigh In

Separately, TheStreet lowered Solaris Oilfield Infrastructure from a "b-" rating to a "c+" rating in a research note on Wednesday, January 24th.

Solaris Oilfield Infrastructure Stock Down 1.6 %

SOI traded down $0.15 during midday trading on Wednesday, hitting $9.08. The company had a trading volume of 126,246 shares, compared to its average volume of 390,833. The stock's 50 day moving average price is $8.71 and its 200 day moving average price is $8.29. Solaris Oilfield Infrastructure, Inc. has a 52 week low of $6.59 and a 52 week high of $11.32. The company has a market capitalization of $399.48 million, a price-to-earnings ratio of 13.35 and a beta of 1.27. The company has a quick ratio of 1.58, a current ratio of 1.78 and a debt-to-equity ratio of 0.32.

Solaris Oilfield Infrastructure (NYSE:SOI - Get Free Report) last issued its earnings results on Thursday, April 25th. The company reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.03. The business had revenue of $67.89 million during the quarter, compared to analyst estimates of $63.55 million. Solaris Oilfield Infrastructure had a return on equity of 10.82% and a net margin of 7.58%. On average, research analysts anticipate that Solaris Oilfield Infrastructure, Inc. will post 0.49 earnings per share for the current fiscal year.

Solaris Oilfield Infrastructure Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, June 7th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.29%. The ex-dividend date is Friday, June 7th. Solaris Oilfield Infrastructure's payout ratio is 70.59%.

Insider Buying and Selling

In other Solaris Oilfield Infrastructure news, insider Christopher M. Powell sold 17,500 shares of the business's stock in a transaction on Friday, March 15th. The shares were sold at an average price of $8.50, for a total transaction of $148,750.00. Following the completion of the sale, the insider now owns 130,202 shares in the company, valued at approximately $1,106,717. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 34.71% of the stock is owned by company insiders.

About Solaris Oilfield Infrastructure

Solaris Oilfield Infrastructure, Inc designs and manufactures specialized equipment for oil and natural gas operators in the United States. The company provides mobile proppant and fluid management systems, as well as last mile logistics management services. It offers systems, mobilization, and last mile logistics services that are used to unload, store, and deliver proppant, water and/or chemicals at oil and natural gas well sites.