Solaris Energy Infrastructure (NASDAQ:SEI) Stock Price Down 4.7% - Here's Why

Shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Get Free Report) traded down 4.7% during mid-day trading on Tuesday . The stock traded as low as $27.70 and last traded at $27.73. 355,630 shares traded hands during trading, a decline of 67% from the average session volume of 1,069,033 shares. The stock had previously closed at $29.10.

Wall Street Analysts Forecast Growth

SEI has been the topic of several research analyst reports. Vertical Research initiated coverage on shares of Solaris Energy Infrastructure in a research note on Wednesday, May 14th. They set a "buy" rating and a $36.00 price objective on the stock. Janney Montgomery Scott began coverage on Solaris Energy Infrastructure in a report on Tuesday, February 25th. They set a "buy" rating and a $57.00 price target for the company. Northland Capmk raised Solaris Energy Infrastructure to a "strong-buy" rating in a research note on Tuesday, April 22nd. Northland Securities assumed coverage on Solaris Energy Infrastructure in a report on Tuesday, April 22nd. They set an "outperform" rating and a $37.00 target price on the stock. Finally, Piper Sandler lifted their price target on Solaris Energy Infrastructure from $50.00 to $51.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Nine research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Solaris Energy Infrastructure has an average rating of "Buy" and an average target price of $43.00.

Solaris Energy Infrastructure Stock 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 market capitalization of $1.79 billion, a price-to-earnings ratio of 60.17 and a beta of 1.11. The stock has a 50-day moving average of $22.26 and a 200 day moving average of $25.60.

Solaris Energy Infrastructure Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Tuesday, June 3rd will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend is Tuesday, June 3rd. Solaris Energy Infrastructure's dividend payout ratio (DPR) is 97.96%.

Insider Buying and Selling at Solaris Energy Infrastructure

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

Hedge Funds Weigh In On Solaris Energy Infrastructure

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Strs Ohio acquired a new stake in Solaris Energy Infrastructure during the 1st quarter worth $28,000. Wayfinding Financial LLC acquired a new stake in shares of Solaris Energy Infrastructure during the first quarter worth about $29,000. US Bancorp DE bought a new position in shares of Solaris Energy Infrastructure during the 1st quarter valued at about $38,000. California State Teachers Retirement System acquired a new position in shares of Solaris Energy Infrastructure in the 4th quarter valued at approximately $52,000. Finally, Nisa Investment Advisors LLC bought a new stake in Solaris Energy Infrastructure during the 1st quarter worth approximately $41,000. 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.