Solaris Energy Infrastructure, Inc. Declares Quarterly Dividend of $0.12 (NASDAQ:SEI)

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Get Free Report) announced a quarterly dividend on Thursday, July 24th, Wall Street Journal reports. Shareholders of record on Tuesday, September 16th will be given a dividend of 0.12 per share on Friday, September 26th. This represents a $0.48 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Tuesday, September 16th.

Solaris Energy Infrastructure Stock Performance

SEI traded up $4.24 during trading on Thursday, reaching $33.65. 4,554,332 shares of the company's stock were exchanged, compared to its average volume of 1,476,744. Solaris Energy Infrastructure has a fifty-two week low of $10.96 and a fifty-two week high of $39.03. The company has a quick ratio of 3.40, a current ratio of 3.61 and a debt-to-equity ratio of 0.77. The business has a 50 day moving average price of $28.26 and a 200 day moving average price of $26.10. The company has a market capitalization of $2.27 billion, a P/E ratio of 76.47 and a beta of 1.09.

Insider Activity

In related news, CEO William A. Zartler purchased 10,000 shares of the stock in a transaction dated Wednesday, May 21st. The stock was bought at an average cost of $21.78 per share, with a total value of $217,800.00. Following the purchase, the chief executive officer directly owned 1,039,227 shares in the company, valued at $22,634,364.06. The trade was a 0.97% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Aj Teague purchased 1,000 shares of the stock in a transaction dated Friday, May 23rd. The stock was bought at an average cost of $26.77 per share, with a total value 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 12,000 shares of company stock valued at $267,150 over the last three months. Company insiders own 21.20% of the company's stock.

Institutional Trading of Solaris Energy Infrastructure

A number of institutional investors and hedge funds have recently modified their holdings of SEI. Royal Bank of Canada acquired a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at approximately $477,000. AQR Capital Management LLC acquired a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at approximately $2,475,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at approximately $396,000. Goldman Sachs Group Inc. acquired a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at approximately $13,714,000. Finally, Strs Ohio acquired a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at approximately $28,000. 67.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SEI has been the topic of a number of recent research reports. Stifel Nicolaus decreased their price target on shares of Solaris Energy Infrastructure from $45.00 to $41.00 and set a "buy" rating on the stock in a research note on Wednesday, July 16th. Raymond James Financial restated an "outperform" rating and issued a $38.00 target price (down previously from $39.00) on shares of Solaris Energy Infrastructure in a research note on Wednesday. Northland Securities assumed coverage on shares of Solaris Energy Infrastructure in a research note on Tuesday, April 22nd. They issued an "outperform" rating and a $37.00 target price on the stock. Citigroup began coverage on shares of Solaris Energy Infrastructure in a research note on Thursday, May 22nd. They issued a "buy" rating on the stock. Finally, Barclays cut their price target on Solaris Energy Infrastructure from $42.00 to $39.00 and set an "overweight" rating for the company in a report on Monday. One investment analyst has rated the stock with a sell rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Solaris Energy Infrastructure presently has a consensus rating of "Buy" and a consensus target price of $41.33.

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.

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