Solaris Energy Infrastructure (NASDAQ:SEI) Shares Down 4.7% - What's Next?

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Get Free Report)'s share price dropped 4.7% on Tuesday . The stock traded as low as $27.70 and last traded at $27.73. Approximately 355,630 shares changed hands during trading, a decline of 67% from the average daily volume of 1,069,033 shares. The stock had previously closed at $29.10.

Analyst Ratings Changes

SEI has been the topic of a number of analyst reports. Raymond James initiated coverage on Solaris Energy Infrastructure in a research report on Friday. They set an "outperform" rating and a $39.00 price objective on the stock. Northland Capmk raised shares of Solaris Energy Infrastructure to a "strong-buy" rating in a research report on Tuesday, April 22nd. Citigroup assumed coverage on shares of Solaris Energy Infrastructure in a research report on Thursday, May 22nd. They set a "buy" rating for the company. Stifel Nicolaus boosted their target price on shares of Solaris Energy Infrastructure from $42.00 to $48.00 and gave the company a "buy" rating in a report on Monday, February 24th. Finally, Vertical Research assumed coverage on shares of Solaris Energy Infrastructure in a research note on Wednesday, May 14th. They issued a "buy" rating and a $36.00 price target for the company. Ten analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Solaris Energy Infrastructure has a consensus rating of "Buy" and a consensus target price of $42.56.

Solaris Energy Infrastructure Trading Down 2.9%

The business's fifty day simple moving average is $22.69 and its two-hundred day simple moving average is $25.64. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 61.59 and a beta of 1.11. The company has a quick ratio of 3.40, a current ratio of 3.61 and a debt-to-equity ratio of 0.77.

Solaris Energy Infrastructure Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Tuesday, June 3rd will be paid a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $0.48 annualized dividend and a yield of 1.77%. Solaris Energy Infrastructure's dividend payout ratio is currently 97.96%.

Insider Buying and Selling at Solaris Energy Infrastructure

In related news, Director Aj Teague purchased 1,000 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was acquired at an average price of $26.77 per share, for a total transaction of $26,770.00. Following the acquisition, the director now directly owns 98,459 shares of the company's stock, valued at $2,635,747.43. This trade represents a 1.03% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William A. Zartler acquired 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were bought at an average cost of $21.78 per share, for a total transaction of $217,800.00. Following the acquisition, the chief executive officer now owns 1,039,227 shares of the company's stock, valued at $22,634,364.06. This represents a 0.97% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 12,000 shares of company stock valued at $267,150. 21.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Solaris Energy Infrastructure

Large investors have recently added to or reduced their stakes in the business. Strs Ohio purchased a new position in Solaris Energy Infrastructure in the first quarter valued at approximately $28,000. Wayfinding Financial LLC purchased a new stake in Solaris Energy Infrastructure during the 1st quarter worth $29,000. US Bancorp DE acquired a new stake in Solaris Energy Infrastructure in the 1st quarter valued at $38,000. Nisa Investment Advisors LLC acquired a new stake in Solaris Energy Infrastructure in the 1st quarter valued at $41,000. Finally, Riverview Trust Co purchased a new stake in shares of Solaris Energy Infrastructure during the first quarter worth about $47,000. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

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.