Solaris Energy Infrastructure (NASDAQ:SEI) Stock Price Down 5.1% - Here's Why

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Get Free Report) shares fell 5.1% during trading on Wednesday . The company traded as low as $31.06 and last traded at $30.81. 585,222 shares changed hands during trading, a decline of 60% from the average session volume of 1,459,129 shares. The stock had previously closed at $32.47.

Wall Street Analyst Weigh In

A number of brokerages have commented on SEI. Barclays initiated coverage on shares of Solaris Energy Infrastructure in a research report on Friday, June 6th. They set an "overweight" rating and a $42.00 price target on the stock. Northland Capmk upgraded Solaris Energy Infrastructure to a "strong-buy" rating in a research note on Tuesday, April 22nd. Piper Sandler raised their target price on Solaris Energy Infrastructure from $50.00 to $51.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Northland Securities began coverage on Solaris Energy Infrastructure in a research note on Tuesday, April 22nd. They issued an "outperform" rating and a $37.00 target price for the company. Finally, Vertical Research began coverage on Solaris Energy Infrastructure in a research note on Wednesday, May 14th. They issued a "buy" rating and a $36.00 target price for the company. One analyst has rated the stock with a sell rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of $42.56.

Solaris Energy Infrastructure Stock Performance

The company's 50-day moving average is $26.59 and its two-hundred day moving average is $25.99. The company has a current ratio of 3.61, a quick ratio of 3.40 and a debt-to-equity ratio of 0.77. The firm has a market cap of $2.10 billion, a P/E ratio of 70.50 and a beta of 1.09.

Solaris Energy Infrastructure Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Tuesday, June 3rd were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $0.48 annualized dividend and a dividend yield of 1.55%. Solaris Energy Infrastructure's dividend payout ratio is currently 97.96%.

Insider Activity at Solaris Energy Infrastructure

In related news, Director Aj Teague purchased 1,000 shares of the stock in a transaction that occurred on Friday, May 23rd. The shares were bought at an average price of $26.77 per share, with a total value of $26,770.00. Following the acquisition, the director owned 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 purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO William A. Zartler purchased 10,000 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was 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 directly owned 1,039,227 shares in the company, valued at $22,634,364.06. This trade represents a 0.97% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 12,000 shares of company stock worth $267,150. Insiders own 21.20% of the company's stock.

Institutional Investors Weigh In On Solaris Energy Infrastructure

A number of hedge funds and other institutional investors have recently bought and sold shares of SEI. Strs Ohio purchased a new position in shares of Solaris Energy Infrastructure during the 1st quarter valued at $28,000. Wayfinding Financial LLC purchased a new position in Solaris Energy Infrastructure in the first quarter worth $29,000. US Bancorp DE purchased a new position in Solaris Energy Infrastructure in the first quarter worth $38,000. California State Teachers Retirement System bought a new stake in Solaris Energy Infrastructure during the fourth quarter worth about $52,000. Finally, Nisa Investment Advisors LLC bought a new stake in Solaris Energy Infrastructure during the first quarter worth about $41,000. Institutional investors own 67.44% of the company's stock.

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.

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