SG Americas Securities LLC Takes $667,000 Position in Solaris Energy Infrastructure, Inc. $SEI

SG Americas Securities LLC bought a new position in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 23,562 shares of the company’s stock, valued at approximately $667,000.

Several other hedge funds also recently added to or reduced their stakes in SEI. Police & Firemen s Retirement System of New Jersey boosted its holdings in Solaris Energy Infrastructure by 27.9% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 8,300 shares of the company’s stock worth $235,000 after acquiring an additional 1,810 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Solaris Energy Infrastructure by 10.8% in the 2nd quarter. Geode Capital Management LLC now owns 863,553 shares of the company’s stock valued at $24,433,000 after purchasing an additional 83,914 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Solaris Energy Infrastructure by 14.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,986 shares of the company’s stock worth $254,000 after purchasing an additional 1,167 shares in the last quarter. Boston Partners boosted its stake in Solaris Energy Infrastructure by 14.2% in the 2nd quarter. Boston Partners now owns 52,909 shares of the company’s stock worth $1,497,000 after purchasing an additional 6,571 shares in the last quarter. Finally, ProShare Advisors LLC purchased a new stake in Solaris Energy Infrastructure during the 2nd quarter worth approximately $212,000. 67.44% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, major shareholder Ktr Management Company, Llc sold 2,114,783 shares of the firm’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $50.15, for a total transaction of $106,056,367.45. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Kyle S. Ramachandran acquired 2,000 shares of the business’s stock in a transaction on Tuesday, September 9th. The stock was purchased at an average cost of $25.00 per share, with a total value of $50,000.00. Following the acquisition, the chief financial officer directly owned 370,338 shares of the company’s stock, valued at $9,258,450. This represents a 0.54% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 21.20% of the company’s stock.

Solaris Energy Infrastructure Price Performance

Shares of SEI opened at $45.93 on Tuesday. The business’s 50-day moving average is $46.27 and its two-hundred day moving average is $34.85. The company has a market capitalization of $3.14 billion, a P/E ratio of 48.86 and a beta of 1.12. Solaris Energy Infrastructure, Inc. has a fifty-two week low of $14.27 and a fifty-two week high of $57.17. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.28 and a current ratio of 2.39.

Solaris Energy Infrastructure (NYSE:SEI) last issued its earnings results on Monday, November 3rd. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.08. The firm had revenue of $166.84 million for the quarter, compared to the consensus estimate of $142.82 million. Solaris Energy Infrastructure had a return on equity of 9.38% and a net margin of 7.02%. Research analysts predict that Solaris Energy Infrastructure, Inc. will post 0.36 earnings per share for the current year.

Analyst Ratings Changes

SEI has been the subject of several research reports. Citigroup lifted their price objective on shares of Solaris Energy Infrastructure from $38.00 to $56.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Piper Sandler raised their target price on Solaris Energy Infrastructure from $50.00 to $65.00 and gave the stock an “overweight” rating in a research note on Monday, November 17th. Zacks Research downgraded Solaris Energy Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Barclays increased their price objective on Solaris Energy Infrastructure from $44.00 to $61.00 and gave the company an “overweight” rating in a report on Wednesday, November 5th. Finally, Weiss Ratings raised Solaris Energy Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, November 17th. Two investment 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $51.11.

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.