Solaris Energy Infrastructure (NASDAQ:SEI) Shares Gap Up – Here’s What Happened

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) gapped up prior to trading on Tuesday . The stock had previously closed at $17.45, but opened at $17.94. Solaris Energy Infrastructure shares last traded at $18.26, with a volume of 33,982 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SEI. Tudor, Pickering, Holt & Co. began coverage on shares of Solaris Energy Infrastructure in a report on Wednesday, January 22nd. They set a “buy” rating and a $41.00 target price on the stock. Tudor Pickering raised shares of Solaris Energy Infrastructure to a “strong-buy” rating in a research note on Wednesday, January 22nd. Piper Sandler began coverage on Solaris Energy Infrastructure in a report on Thursday, February 20th. They set an “overweight” rating and a $37.00 target price on the stock. Janney Montgomery Scott began coverage on Solaris Energy Infrastructure in a research report on Tuesday, February 25th. They issued a “buy” rating and a $57.00 price target on the stock. Finally, Stifel Nicolaus raised their price objective on Solaris Energy Infrastructure from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday, February 24th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Solaris Energy Infrastructure has a consensus rating of “Buy” and a consensus target price of $45.75.

Solaris Energy Infrastructure Stock Performance

The stock has a fifty day moving average price of $24.69. The company has a quick ratio of 3.40, a current ratio of 3.61 and a debt-to-equity ratio of 0.77. The firm has a market cap of $1.20 billion, a PE ratio of 40.90 and a beta of 1.12.

Solaris Energy Infrastructure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, March 11th were issued a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $0.48 dividend on an annualized basis and a yield of 2.69%. Solaris Energy Infrastructure’s payout ratio is currently 97.96%.

Insiders Place Their Bets

In related news, Director Laurie H. Argo purchased 4,000 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was purchased at an average cost of $22.43 per share, with a total value of $89,720.00. Following the completion of the purchase, the director now owns 46,064 shares in the company, valued at approximately $1,033,215.52. This trade represents a 9.51 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 21.20% of the company’s stock.

Institutional Trading of Solaris Energy Infrastructure

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System acquired a new stake in Solaris Energy Infrastructure in the fourth quarter valued at approximately $52,000. GAMMA Investing LLC bought a new position in shares of Solaris Energy Infrastructure in the 1st quarter worth $435,000. Rhumbline Advisers acquired a new stake in Solaris Energy Infrastructure in the 1st quarter valued at $962,000. Retirement Planning Group LLC bought a new stake in Solaris Energy Infrastructure during the 1st quarter valued at $802,000. Finally, Riverview Trust Co acquired a new position in Solaris Energy Infrastructure during the first quarter worth $47,000. 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.