Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $32.61, but opened at $31.05. Solaris Energy Infrastructure shares last traded at $31.83, with a volume of 578,587 shares.
Wall Street Analysts Forecast Growth
SEI has been the subject of a number of analyst reports. Barclays lifted their price objective on shares of Solaris Energy Infrastructure from $39.00 to $44.00 and gave the company an "overweight" rating in a report on Monday. Piper Sandler lifted their price target on Solaris Energy Infrastructure from $50.00 to $51.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. 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 research note on Friday, July 25th. Northland Securities initiated coverage on shares of Solaris Energy Infrastructure in a report on Tuesday, April 22nd. They set an "outperform" rating and a $37.00 price target on the stock. Finally, Raymond James Financial restated an "outperform" rating and set a $38.00 price target (down from $39.00) on shares of Solaris Energy Infrastructure in a report on Wednesday, July 23rd. One analyst has rated the stock with a sell rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $42.33.
Read Our Latest Stock Report on Solaris Energy Infrastructure
Solaris Energy Infrastructure Stock Down 7.4%
The company's 50-day moving average is $29.50 and its 200 day moving average is $26.25. The company has a market capitalization of $2.04 billion, a PE ratio of 68.92 and a beta of 1.09. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.40 and a current ratio of 3.61.
Solaris Energy Infrastructure Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.12 per share. The ex-dividend date is Tuesday, September 16th. This represents a $0.48 annualized dividend and a dividend yield of 1.6%. Solaris Energy Infrastructure's dividend payout ratio (DPR) is presently 81.36%.
Insider Buying and Selling at Solaris Energy Infrastructure
In other news, Director Aj Teague acquired 1,000 shares of the business's stock in a transaction on Friday, May 23rd. The shares were acquired at an average price of $26.77 per share, for a total transaction of $26,770.00. Following the completion of the transaction, the director directly owned 98,459 shares of the company's stock, valued at approximately $2,635,747.43. The trade was a 1.03% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William A. Zartler acquired 10,000 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were purchased at an average price of $21.78 per share, for a total transaction of $217,800.00. Following the transaction, the chief executive officer directly owned 1,039,227 shares of the company's stock, valued at approximately $22,634,364.06. The trade was a 0.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 21.20% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in SEI. Encompass Capital Advisors LLC acquired a new stake in shares of Solaris Energy Infrastructure in the 1st quarter worth $78,967,000. Driehaus Capital Management LLC acquired a new position in Solaris Energy Infrastructure in the 1st quarter valued at about $44,073,000. Vanguard Group Inc. purchased a new stake in Solaris Energy Infrastructure during the first quarter worth approximately $35,060,000. Westwood Holdings Group Inc. acquired a new position in shares of Solaris Energy Infrastructure in the first quarter valued at approximately $29,298,000. Finally, Millennium Management LLC acquired a new position in shares of Solaris Energy Infrastructure in the first quarter valued at approximately $24,335,000. 67.44% of the stock is owned by institutional investors and hedge funds.
About Solaris Energy Infrastructure
(
Get Free Report)
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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