Solaris Energy Infrastructure (NASDAQ:SEI) Shares Gap Up on Insider Buying Activity

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)’s share price gapped up prior to trading on Wednesday following insider buying activity. The stock had previously closed at $22.23, but opened at $23.62. Solaris Energy Infrastructure shares last traded at $24.07, with a volume of 95,331 shares trading hands.

Specifically, Director Laurie H. Argo purchased 4,000 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was bought at an average cost of $22.43 per share, for a total transaction of $89,720.00. Following the purchase, the director now owns 46,064 shares of the company’s stock, valued at approximately $1,033,215.52. The trade was a 9.51 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Analysts Set New Price Targets

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

Solaris Energy Infrastructure Trading Down 8.8 %

The firm has a 50-day moving average of $28.94. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.40 and a current ratio of 3.61. The stock has a market cap of $1.54 billion, a PE ratio of 52.30 and a beta of 1.32.

Solaris Energy Infrastructure Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Tuesday, March 11th will be given a dividend of $0.12 per share. The ex-dividend date is Tuesday, March 11th. This represents a $0.48 dividend on an annualized basis and a yield of 2.09%. Solaris Energy Infrastructure’s dividend payout ratio (DPR) is currently 97.96%.

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.