Solaris Energy Infrastructure (NASDAQ:SEI) Shares Gap Up - Time to Buy?

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $28.29, but opened at $31.46. Solaris Energy Infrastructure shares last traded at $29.50, with a volume of 1,126,509 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on SEI shares. Wall Street Zen cut shares of Solaris Energy Infrastructure from a "hold" rating to a "sell" rating in a research report on Wednesday, June 25th. Barclays began coverage on Solaris Energy Infrastructure in a report on Friday, June 6th. They set an "overweight" rating and a $42.00 price objective for the company. Northland Capmk raised Solaris Energy Infrastructure to a "strong-buy" rating in a research report on Tuesday, April 22nd. Citigroup initiated coverage on Solaris Energy Infrastructure in a research report on Thursday, May 22nd. They set a "buy" rating on the stock. Finally, Northland Securities initiated coverage on Solaris Energy Infrastructure in a research note on Tuesday, April 22nd. They issued an "outperform" rating and a $37.00 price target for the company. One research analyst has rated the stock with a sell rating, ten have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $42.56.

Solaris Energy Infrastructure Stock Up 1.9%

The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of 73.37 and a beta of 1.09. 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 fifty day moving average price of $26.15 and a two-hundred day moving average price of $25.92.

Solaris Energy Infrastructure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Tuesday, June 3rd were issued a $0.12 dividend. The ex-dividend date was Tuesday, June 3rd. This represents a $0.48 annualized dividend and a yield of 1.49%. Solaris Energy Infrastructure's dividend payout ratio (DPR) is presently 97.96%.

Insider Buying and Selling

In other Solaris Energy Infrastructure news, Director Aj Teague bought 1,000 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The stock was bought at an average cost 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. This trade represents a 1.03% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO William A. Zartler purchased 10,000 shares of the stock in a transaction on Wednesday, May 21st. The stock was acquired at an average cost of $21.78 per share, for a total transaction of $217,800.00. Following the completion of the acquisition, the chief executive officer owned 1,039,227 shares of the company's stock, valued at $22,634,364.06. The trade was a 0.97% increase in their position. 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. 21.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Solaris Energy Infrastructure

A number of institutional investors have recently modified their holdings of SEI. California State Teachers Retirement System purchased a new stake in shares of Solaris Energy Infrastructure in the fourth quarter worth about $52,000. GAMMA Investing LLC purchased a new position in Solaris Energy Infrastructure during the first quarter valued at approximately $435,000. Rhumbline Advisers acquired a new position in Solaris Energy Infrastructure in the first quarter valued at approximately $962,000. Retirement Planning Group LLC purchased a new stake in Solaris Energy Infrastructure in the 1st quarter worth approximately $802,000. Finally, Riverview Trust Co purchased a new stake in Solaris Energy Infrastructure in the 1st quarter worth approximately $47,000. Hedge funds and other institutional investors own 67.44% of the company's stock.

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.