Solaris Energy Infrastructure (NASDAQ:SEI) Shares Up 4.7% After Insider Buying Activity

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Get Free Report)'s share price shot up 4.7% during trading on Friday following insider buying activity. The stock traded as high as $26.48 and last traded at $26.63. 698,677 shares traded hands during mid-day trading, a decline of 33% from the average session volume of 1,043,023 shares. The stock had previously closed at $25.43.

Specifically, CEO William A. Zartler purchased 10,000 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was purchased at an average price of $21.78 per share, for a total transaction of $217,800.00. Following the purchase, the chief executive officer now directly owns 1,039,227 shares in the company, valued at approximately $22,634,364.06. This trade represents a 0.97% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Analysts Set New Price Targets

SEI has been the subject of several recent analyst reports. Northland Securities assumed coverage on 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. Janney Montgomery Scott assumed coverage on Solaris Energy Infrastructure in a research report on Tuesday, February 25th. They issued a "buy" rating and a $57.00 price objective for the company. Northland Capmk raised shares of Solaris Energy Infrastructure to a "strong-buy" rating in a report on Tuesday, April 22nd. Stifel Nicolaus boosted their price target on shares of Solaris Energy Infrastructure from $42.00 to $48.00 and gave the stock a "buy" rating in a report on Monday, February 24th. Finally, Citigroup assumed coverage on shares of Solaris Energy Infrastructure in a report on Thursday, May 22nd. They issued a "buy" rating for the company. Eight equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $43.14.

Solaris Energy Infrastructure Price Performance

The stock has a market capitalization of $1.91 billion, a PE ratio of 64.39 and a beta of 1.01. The company has a 50-day moving average of $21.16 and a 200 day moving average of $25.03. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Tuesday, June 3rd will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Tuesday, June 3rd. Solaris Energy Infrastructure's payout ratio is 97.96%.

Institutional Trading of Solaris Energy Infrastructure

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

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.