Element Capital Management LLC Buys New Shares in Solaris Oilfield Infrastructure, Inc. (NYSE:SOI)

Element Capital Management LLC purchased a new stake in shares of Solaris Oilfield Infrastructure, Inc. (NYSE:SOI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 490,261 shares of the company's stock, valued at approximately $3,902,000. Solaris Oilfield Infrastructure comprises about 13.2% of Element Capital Management LLC's portfolio, making the stock its 3rd biggest holding. Element Capital Management LLC owned about 1.11% of Solaris Oilfield Infrastructure as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. acquired a new stake in Solaris Oilfield Infrastructure during the fourth quarter worth approximately $1,520,000. GSA Capital Partners LLP boosted its stake in Solaris Oilfield Infrastructure by 83.1% during the 3rd quarter. GSA Capital Partners LLP now owns 82,319 shares of the company's stock valued at $878,000 after purchasing an additional 37,362 shares during the last quarter. Alps Advisors Inc. purchased a new position in Solaris Oilfield Infrastructure during the 3rd quarter worth $341,000. Barclays PLC grew its position in Solaris Oilfield Infrastructure by 11.7% in the 3rd quarter. Barclays PLC now owns 41,059 shares of the company's stock worth $437,000 after purchasing an additional 4,293 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Solaris Oilfield Infrastructure by 0.7% in the fourth quarter. Victory Capital Management Inc. now owns 633,890 shares of the company's stock valued at $5,046,000 after acquiring an additional 4,120 shares in the last quarter. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Activity

In related news, insider Christopher M. Powell sold 17,500 shares of Solaris Oilfield Infrastructure stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $8.50, for a total transaction of $148,750.00. Following the sale, the insider now directly owns 130,202 shares in the company, valued at $1,106,717. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 34.71% of the company's stock.

Solaris Oilfield Infrastructure Price Performance

Shares of SOI stock traded down $0.02 on Tuesday, reaching $9.24. The company's stock had a trading volume of 140,575 shares, compared to its average volume of 381,512. Solaris Oilfield Infrastructure, Inc. has a 12-month low of $6.59 and a 12-month high of $11.32. The stock's 50 day simple moving average is $8.79 and its 200-day simple moving average is $8.29. The company has a quick ratio of 1.58, a current ratio of 1.78 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $406.74 million, a P/E ratio of 13.76 and a beta of 1.27.

Solaris Oilfield Infrastructure (NYSE:SOI - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. Solaris Oilfield Infrastructure had a net margin of 7.58% and a return on equity of 10.82%. The firm had revenue of $67.89 million for the quarter, compared to analysts' expectations of $63.55 million. As a group, equities analysts predict that Solaris Oilfield Infrastructure, Inc. will post 0.49 earnings per share for the current fiscal year.

Solaris Oilfield Infrastructure Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, June 7th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.48 annualized dividend and a yield of 5.19%. Solaris Oilfield Infrastructure's dividend payout ratio (DPR) is presently 70.59%.

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.

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