Solaris Energy Infrastructure (NYSE:SEI) CEO William Zartler Purchases 10,000 Shares

Key Points

• CEO William Zartler purchased 10,000 shares of Solaris Energy Infrastructure at an average price of $24.83, increasing his total ownership to 1,049,227 shares valued at over $26 million.
• Solaris Energy Infrastructure announced a quarterly dividend of $0.12 per share, with a yield of 1.9%, scheduled for payment on September 26th.
• The stock was recently rated with a consensus of "Buy" by analysts, with a price target of $43.67, following various upgrades and downgrades from research firms.

Solaris Energy Infrastructure, Inc. (NYSE:SEI - Get Free Report) CEO William Zartler purchased 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 9th. The stock was bought at an average price of $24.83 per share, with a total value of $248,300.00. Following the transaction, the chief executive officer directly owned 1,049,227 shares in the company, valued at $26,052,306.41. This trade represents a 0.96% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Solaris Energy Infrastructure Stock Down 3.5%

NYSE SEI traded down $0.92 during trading on Tuesday, reaching $25.03. 2,253,181 shares of the company's stock were exchanged, compared to its average volume of 1,546,352. Solaris Energy Infrastructure, Inc. has a fifty-two week low of $10.96 and a fifty-two week high of $39.03. The firm has a market capitalization of $1.69 billion, a PE ratio of 42.42 and a beta of 1.15. The company has a current ratio of 3.11, a quick ratio of 2.98 and a debt-to-equity ratio of 0.76. The company's fifty day simple moving average is $30.06 and its 200-day simple moving average is $26.19.

Solaris Energy Infrastructure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 16th will be given a dividend of $0.12 per share. The ex-dividend date is Tuesday, September 16th. This represents a $0.48 dividend on an annualized basis and a yield of 1.9%. Solaris Energy Infrastructure's dividend payout ratio (DPR) is presently 81.36%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SEI. Northland Securities set a $50.00 price target on Solaris Energy Infrastructure in a research note on Monday, August 4th. Wall Street Zen raised Solaris Energy Infrastructure from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Piper Sandler cut their price target on Solaris Energy Infrastructure from $51.00 to $50.00 and set an "overweight" rating for the company in a research note on Wednesday, August 20th. Citigroup began coverage on Solaris Energy Infrastructure in a research note on Thursday, May 22nd. They set a "buy" rating for the company. Finally, Raymond James Financial reaffirmed an "outperform" rating and set a $38.00 price target (down from $39.00) on shares of Solaris Energy Infrastructure in a research note on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $43.67.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Cerity Partners LLC bought a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at approximately $264,000. GW&K Investment Management LLC bought a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at approximately $9,437,000. Informed Momentum Co LLC bought a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at approximately $2,458,000. Acuitas Investments LLC bought a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at approximately $3,728,000. Finally, Russell Investments Group Ltd. bought a new position in Solaris Energy Infrastructure in the 1st quarter worth approximately $1,695,000. 67.44% of the stock is owned by 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.

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