Stock Traders Buy High Volume of Put Options on Solaris Energy Infrastructure (NYSE:SEI)

Key Points

• Solaris Energy Infrastructure, Inc. saw a significant increase in put options trading, with 10,013 put options acquired, marking a 213% rise compared to its average daily volume.
• The stock closed at $50.04 after a decline of $4.12 during trading, with a market capitalization of $3.38 billion.
• The company announced a quarterly dividend of $0.12 per share, yielding 1.0%, with a dividend payout ratio of 81.36%.

Solaris Energy Infrastructure, Inc. (NYSE:SEI - Get Free Report) saw unusually large options trading on Friday. Stock investors acquired 10,013 put options on the stock. This represents an increase of 213% compared to the average daily volume of 3,201 put options.

Solaris Energy Infrastructure Price Performance

SEI stock traded down $4.12 during mid-day trading on Friday, hitting $50.04. The stock had a trading volume of 2,009,219 shares, compared to its average volume of 1,890,215. The firm has a fifty day simple moving average of $35.44 and a 200 day simple moving average of $29.07. Solaris Energy Infrastructure has a 52 week low of $12.78 and a 52 week high of $56.14. 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 firm has a market capitalization of $3.38 billion, a P/E ratio of 84.81 and a beta of 1.12.

Solaris Energy Infrastructure (NYSE:SEI - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.08 EPS for the quarter. The business had revenue of $75.02 million for the quarter. Solaris Energy Infrastructure had a net margin of 4.99% and a return on equity of 7.66%. As a group, research analysts forecast that Solaris Energy Infrastructure will post 0.36 EPS for the current year.

Solaris Energy Infrastructure Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Tuesday, September 16th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Tuesday, September 16th. Solaris Energy Infrastructure's dividend payout ratio (DPR) is currently 81.36%.

Insider Transactions at Solaris Energy Infrastructure

In related news, CFO Kyle S. Ramachandran acquired 2,000 shares of Solaris Energy Infrastructure stock in a transaction dated Tuesday, September 9th. The shares were acquired at an average cost of $25.00 per share, for a total transaction of $50,000.00. Following the completion of the purchase, the chief financial officer owned 370,338 shares in the company, valued at approximately $9,258,450. The trade was a 0.54% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher M. Powell sold 12,750 shares of the firm's stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $30.00, for a total value of $382,500.00. Following the transaction, the insider directly owned 130,615 shares in the company, valued at approximately $3,918,450. The trade was a 8.89% decrease in their position. The disclosure for this sale can be found here. Company insiders own 21.20% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Cerity Partners LLC purchased a new position in Solaris Energy Infrastructure during the first quarter valued at $264,000. GW&K Investment Management LLC purchased a new stake in shares of Solaris Energy Infrastructure during the 1st quarter worth approximately $9,437,000. Informed Momentum Co LLC purchased a new stake in Solaris Energy Infrastructure during the 1st quarter valued at $2,458,000. Acuitas Investments LLC purchased a new stake in Solaris Energy Infrastructure in the first quarter worth $3,728,000. Finally, Vanguard Group Inc. purchased a new position in shares of Solaris Energy Infrastructure during the first quarter valued at $35,060,000. Institutional investors own 67.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SEI. Stifel Nicolaus reaffirmed a "buy" rating and set a $45.00 price target (up from $41.00) on shares of Solaris Energy Infrastructure in a research report on Friday, July 25th. Barclays raised their target price on shares of Solaris Energy Infrastructure from $39.00 to $44.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Northland Securities set a $61.00 target price on shares of Solaris Energy Infrastructure in a research note on Thursday, October 9th. Citigroup raised their price target on shares of Solaris Energy Infrastructure from $38.00 to $56.00 and gave the company a "buy" rating in a report on Monday. Finally, Piper Sandler dropped their price objective on shares of Solaris Energy Infrastructure from $51.00 to $50.00 and set an "overweight" rating on the stock in a report on Wednesday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $47.56.

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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