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

Shares of 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.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Citigroup assumed coverage on Solaris Energy Infrastructure in a research report on Thursday, May 22nd. They set a "buy" rating on the stock. Piper Sandler increased their price target on Solaris Energy Infrastructure from $50.00 to $51.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Northland Securities assumed coverage on Solaris Energy Infrastructure in a research report on Tuesday, April 22nd. They set an "outperform" rating and a $37.00 price target on the stock. Barclays assumed coverage on Solaris Energy Infrastructure in a research report on Friday, June 6th. They set an "overweight" rating and a $42.00 price target on the stock. Finally, Vertical Research assumed coverage on Solaris Energy Infrastructure in a research report on Wednesday, May 14th. They set a "buy" rating and a $36.00 price target on the stock. One research analyst has rated the stock with a sell rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $42.56.

Solaris Energy Infrastructure Price Performance

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 stock has a 50 day moving average price of $25.21 and a 200-day moving average price of $25.81. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 66.19 and a beta of 1.11.

Solaris Energy Infrastructure Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Tuesday, June 3rd were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date was Tuesday, June 3rd. Solaris Energy Infrastructure's dividend payout ratio is presently 97.96%.

Insider Buying and Selling

In other news, CEO William A. Zartler purchased 10,000 shares of the stock in a transaction dated Wednesday, May 21st. The shares were purchased at an average cost of $21.78 per share, with a total value of $217,800.00. Following the completion of the purchase, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Aj Teague acquired 1,000 shares of Solaris Energy Infrastructure stock in a transaction that occurred on Friday, May 23rd. The shares were bought at an average price of $26.77 per share, for a total transaction of $26,770.00. Following the transaction, the director owned 98,459 shares of the company's stock, valued at $2,635,747.43. This represents a 1.03% increase in their position. The disclosure for this purchase can be found here. Insiders bought 12,000 shares of company stock worth $267,150 over the last ninety days. Corporate insiders own 21.20% of the company's stock.

Hedge Funds Weigh In On Solaris Energy Infrastructure

Institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC purchased a new position in Solaris Energy Infrastructure during the first quarter worth approximately $435,000. Congress Asset Management Co. purchased a new position in Solaris Energy Infrastructure during the first quarter worth approximately $4,379,000. Assenagon Asset Management S.A. purchased a new position in Solaris Energy Infrastructure during the first quarter worth approximately $772,000. Retirement Planning Group LLC purchased a new position in Solaris Energy Infrastructure during the first quarter worth approximately $802,000. Finally, Rhumbline Advisers purchased a new position in Solaris Energy Infrastructure during the first quarter worth approximately $962,000. Hedge funds and other institutional investors own 67.44% of the company's stock.

About Solaris Energy Infrastructure

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.