Solaris Energy Infrastructure (NASDAQ:SEI) Shares Gap Up on Insider Buying Activity

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Get Free Report) gapped up before the market opened on Thursday after an insider bought additional shares in the company. The stock had previously closed at $21.73, but opened at $22.35. Solaris Energy Infrastructure shares last traded at $22.71, with a volume of 113,434 shares trading hands.

Specifically, CEO William A. Zartler bought 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were acquired at an average price of $21.78 per share, with a total value of $217,800.00. Following the acquisition, the chief executive officer now owns 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 acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Analysts Set New Price Targets

Several research firms recently commented on SEI. Janney Montgomery Scott began 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 shares of Solaris Energy Infrastructure to a "strong-buy" rating in a research report on Tuesday, April 22nd. Stifel Nicolaus increased their price target on shares of Solaris Energy Infrastructure from $42.00 to $48.00 and gave the company a "buy" rating in a research report on Monday, February 24th. Piper Sandler increased their price target on shares of Solaris Energy Infrastructure from $50.00 to $51.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Finally, Vertical Research initiated coverage on shares of Solaris Energy Infrastructure in a research report on Wednesday, May 14th. They set a "buy" rating and a $36.00 price target for the company. Eight analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Solaris Energy Infrastructure presently has an average rating of "Buy" and a consensus target price of $43.14.

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 firm has a market cap of $1.87 billion, a P/E ratio of 63.08 and a beta of 1.01. The stock's 50-day simple moving average is $21.05 and its two-hundred day simple moving average is $25.00.

Solaris Energy Infrastructure Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Tuesday, June 3rd will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend is Tuesday, June 3rd. Solaris Energy Infrastructure's dividend payout ratio is presently 97.96%.

Institutional Investors Weigh In On Solaris Energy Infrastructure

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Encompass Capital Advisors LLC purchased a new stake in Solaris Energy Infrastructure in the first quarter worth about $78,967,000. Driehaus Capital Management LLC purchased a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at $44,073,000. Vanguard Group Inc. purchased a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at $35,060,000. Westwood Holdings Group Inc. purchased a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at $29,298,000. Finally, Millennium Management LLC purchased a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at $24,335,000. 67.44% of the stock is owned by 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.