Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $20.57, but opened at $24.15. Solaris Energy Infrastructure shares last traded at $22.34, with a volume of 550,881 shares changing hands.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the stock. Northland Securities assumed coverage on shares of 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. Tudor Pickering raised Solaris Energy Infrastructure to a "strong-buy" rating in a research note on Wednesday, January 22nd. Janney Montgomery Scott assumed coverage on Solaris Energy Infrastructure in a research report on Tuesday, February 25th. They set a "buy" rating and a $57.00 price objective for the company. Piper Sandler began coverage on Solaris Energy Infrastructure in a report on Thursday, February 20th. They set an "overweight" rating and a $37.00 price target on the stock. Finally, Stifel Nicolaus boosted their price objective on Solaris Energy Infrastructure from $42.00 to $48.00 and gave the stock a "buy" rating in a research report on Monday, February 24th. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $44.00.
Get Our Latest Stock Analysis on Solaris Energy Infrastructure
Solaris Energy Infrastructure Price Performance
The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 48.58 and a beta of 1.12. The company has a quick ratio of 3.40, a current ratio of 3.61 and a debt-to-equity ratio of 0.77. The company's 50-day moving average is $22.93 and its 200-day moving average is $23.75.
Solaris Energy Infrastructure Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, March 11th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $0.48 annualized dividend and a dividend yield of 2.23%. Solaris Energy Infrastructure's dividend payout ratio (DPR) is presently 97.96%.
Insider Activity at Solaris Energy Infrastructure
In other news, Director Laurie H. Argo bought 4,000 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was bought at an average price of $22.43 per share, for a total transaction of $89,720.00. Following the completion of the purchase, the director now owns 46,064 shares of the company's stock, valued at approximately $1,033,215.52. The trade was a 9.51 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 21.20% of the stock is owned by insiders.
Hedge Funds Weigh In On Solaris Energy Infrastructure
Institutional investors have recently bought and sold shares of the business. Congress Asset Management Co. acquired a new stake in shares of Solaris Energy Infrastructure in the first quarter valued at $4,379,000. Acuitas Investments LLC bought a new stake in Solaris Energy Infrastructure during the 1st quarter worth about $3,728,000. Ritholtz Wealth Management acquired a new position in Solaris Energy Infrastructure during the 1st quarter valued at about $2,784,000. Moody Aldrich Partners LLC bought a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at about $1,805,000. Finally, Rhumbline Advisers acquired a new stake in shares of Solaris Energy Infrastructure during the 1st quarter worth approximately $962,000. Institutional investors own 67.44% of the company's stock.
About Solaris Energy Infrastructure
(
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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.
Further Reading
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