Versor Investments LP purchased a new stake in Solaris Energy Infrastructure, Inc. (NYSE:SEI – Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 8,226 shares of the company’s stock, valued at approximately $378,000.
Several other hedge funds also recently made changes to their positions in the stock. F m Investments LLC purchased a new position in shares of Solaris Energy Infrastructure in the fourth quarter valued at $472,000. Maxi Investments CY Ltd purchased a new position in shares of Solaris Energy Infrastructure in the fourth quarter valued at $4,765,000. MGO One Seven LLC purchased a new position in shares of Solaris Energy Infrastructure in the fourth quarter valued at $237,000. Principal Financial Group Inc. grew its position in shares of Solaris Energy Infrastructure by 2,120.7% in the fourth quarter. Principal Financial Group Inc. now owns 1,466,343 shares of the company’s stock valued at $67,408,000 after purchasing an additional 1,400,311 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC purchased a new position in shares of Solaris Energy Infrastructure in the fourth quarter valued at $427,000. 67.44% of the stock is currently owned by hedge funds and other institutional investors.
Solaris Energy Infrastructure Price Performance
Solaris Energy Infrastructure stock opened at $77.99 on Friday. Solaris Energy Infrastructure, Inc. has a 52 week low of $21.22 and a 52 week high of $81.24. The business has a 50-day simple moving average of $63.26 and a 200 day simple moving average of $54.90. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 1.23. The stock has a market cap of $5.34 billion, a price-to-earnings ratio of 87.63 and a beta of 1.25.
Insider Buying and Selling at Solaris Energy Infrastructure
In other Solaris Energy Infrastructure news, Director Ray N. Walker, Jr. sold 56,841 shares of Solaris Energy Infrastructure stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $72.11, for a total transaction of $4,098,804.51. Following the completion of the sale, the director owned 5,760 shares of the company’s stock, valued at $415,353.60. The trade was a 90.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director W Howard Keenan, Jr. sold 2,000,000 shares of Solaris Energy Infrastructure stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $74.50, for a total value of $149,000,000.00. The disclosure for this sale is available in the SEC filing. Insiders sold 4,099,593 shares of company stock valued at $297,782,099 over the last 90 days. Insiders own 20.23% of the company’s stock.
Wall Street Analyst Weigh In
SEI has been the subject of several recent research reports. Wall Street Zen cut Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Barclays lifted their price target on Solaris Energy Infrastructure from $74.00 to $86.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Northland Securities set a $86.00 price target on Solaris Energy Infrastructure in a research report on Thursday, April 30th. Glj Research initiated coverage on Solaris Energy Infrastructure in a research report on Thursday, March 5th. They issued a “buy” rating and a $60.00 price target for the company. Finally, Zacks Research upgraded Solaris Energy Infrastructure from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 12th. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $79.10.
Check Out Our Latest Research Report on Solaris Energy Infrastructure
Solaris Energy Infrastructure Company Profile
Solaris Energy Infrastructure Fund Inc (NYSE: SEI) is a closed-end management investment company that seeks to provide total return through a combination of current income and capital appreciation. The fund pursues its objective by investing primarily in equity securities of energy infrastructure companies, including master limited partnerships (MLPs) and other midstream entities. SEI is externally managed by Solaris Asset Management LP, a firm specializing in energy infrastructure investments.
The fund’s portfolio targets businesses involved in the gathering, processing, transportation, storage and terminalling of oil, natural gas and refined products.
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