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 $17.72, but opened at $18.56. Solaris Energy Infrastructure shares last traded at $18.37, with a volume of 31,344 shares traded.

Wall Street Analyst Weigh In

Several research firms recently commented on SEI. Northland Securities began coverage on shares of Solaris Energy Infrastructure in a research report on Tuesday, April 22nd. They issued an "outperform" rating and a $37.00 price objective on the stock. Northland Capmk upgraded Solaris Energy Infrastructure to a "strong-buy" rating in a research note on Tuesday, April 22nd. Janney Montgomery Scott began coverage on shares of Solaris Energy Infrastructure in a report on Tuesday, February 25th. They issued a "buy" rating and a $57.00 price objective on the stock. Tudor Pickering upgraded shares of Solaris Energy Infrastructure to a "strong-buy" rating in a report on Wednesday, January 22nd. Finally, Tudor, Pickering, Holt & Co. started coverage on shares of Solaris Energy Infrastructure in a research report on Wednesday, January 22nd. They set a "buy" rating and a $41.00 price target on the stock. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $44.00.

Solaris Energy Infrastructure Stock Up 2.4 %

The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.40 and a current ratio of 3.61. The firm has a fifty day simple moving average of $23.12 and a 200-day simple moving average of $23.70. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 46.85 and a beta of 1.12.

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 2.33%. Solaris Energy Infrastructure's dividend payout ratio (DPR) is currently 97.96%.

Insider Activity

In other Solaris Energy Infrastructure news, Director Laurie H. Argo acquired 4,000 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was acquired at an average price of $22.43 per share, for a total transaction of $89,720.00. Following the purchase, the director now directly owns 46,064 shares of the company's stock, valued at $1,033,215.52. This trade represents a 9.51 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 21.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Solaris Energy Infrastructure

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ritholtz Wealth Management acquired a new position in Solaris Energy Infrastructure in the 1st quarter valued at $2,784,000. Assenagon Asset Management S.A. acquired a new position in Solaris Energy Infrastructure during the first quarter worth about $772,000. Congress Asset Management Co. bought a new position in shares of Solaris Energy Infrastructure in the first quarter worth about $4,379,000. Riverview Trust Co acquired a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at approximately $47,000. Finally, Retirement Planning Group LLC acquired a new position in Solaris Energy Infrastructure during the 1st quarter worth approximately $802,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

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.