Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) Given Average Recommendation of "Buy" by Brokerages

Shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Get Free Report) have been assigned a consensus recommendation of "Buy" from the eight research firms that are covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $46.80.

A number of brokerages have recently commented on SEI. Janney Montgomery Scott started coverage on shares of Solaris Energy Infrastructure in a report on Tuesday, February 25th. They set a "buy" rating and a $57.00 target price on the stock. Northland Capmk raised Solaris Energy Infrastructure to a "strong-buy" rating in a report on Tuesday, April 22nd. Tudor Pickering upgraded shares of Solaris Energy Infrastructure to a "strong-buy" rating in a report on Wednesday, January 22nd. Tudor, Pickering, Holt & Co. began coverage on shares of Solaris Energy Infrastructure in a research note on Wednesday, January 22nd. They issued a "buy" rating and a $41.00 price objective on the stock. Finally, Northland Securities initiated coverage on shares of Solaris Energy Infrastructure in a research report on Tuesday, April 22nd. They set an "outperform" rating and a $37.00 price objective for the company.

Solaris Energy Infrastructure Trading Down 3.7 %

Shares of SEI stock opened at $21.75 on Friday. The stock has a market capitalization of $1.46 billion, a PE ratio of 49.43 and a beta of 1.01. Solaris Energy Infrastructure has a 1-year low of $10.96 and a 1-year high of $39.03. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.61 and a quick ratio of 3.40. The business has a 50-day moving average of $21.10 and a 200 day moving average of $24.22.

Solaris Energy Infrastructure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, March 11th were paid a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $0.48 dividend on an annualized basis and a yield of 2.21%. Solaris Energy Infrastructure's dividend payout ratio is currently 97.96%.

Insider Activity

In other news, Director Laurie H. Argo bought 4,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was bought at an average cost of $22.43 per share, for a total transaction of $89,720.00. Following the acquisition, the director now directly owns 46,064 shares of the company's stock, valued at $1,033,215.52. The trade was a 9.51 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 21.20% of the company's stock.

Hedge Funds Weigh In On Solaris Energy Infrastructure

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. acquired a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at approximately $35,060,000. Westwood Holdings Group Inc. acquired a new stake in Solaris Energy Infrastructure during the 1st quarter valued at $29,298,000. Emerald Advisers LLC acquired a new position in shares of Solaris Energy Infrastructure in the first quarter worth $15,188,000. Royce & Associates LP purchased a new stake in shares of Solaris Energy Infrastructure in the first quarter valued at $11,190,000. Finally, GW&K Investment Management LLC purchased a new stake in Solaris Energy Infrastructure during the 1st quarter worth about $9,437,000. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.