Yousif Capital Management LLC purchased a new position in Solaris Energy Infrastructure, Inc. (NYSE:SEI – Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,155 shares of the company’s stock, valued at approximately $1,221,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of SEI. SBI Securities Co. Ltd. boosted its holdings in Solaris Energy Infrastructure by 111.8% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,167 shares of the company’s stock valued at $83,000 after acquiring an additional 616 shares during the period. Kings Path Partners LLC bought a new position in Solaris Energy Infrastructure in the 3rd quarter valued at $513,000. Crossmark Global Holdings Inc. purchased a new stake in Solaris Energy Infrastructure in the third quarter worth $274,000. Pinnacle Associates Ltd. increased its stake in Solaris Energy Infrastructure by 0.5% in the third quarter. Pinnacle Associates Ltd. now owns 123,730 shares of the company’s stock worth $8,807,000 after purchasing an additional 602 shares during the period. Finally, Diversify Advisory Services LLC increased its stake in Solaris Energy Infrastructure by 32.0% in the third quarter. Diversify Advisory Services LLC now owns 22,579 shares of the company’s stock worth $1,471,000 after purchasing an additional 5,478 shares during the period. 67.44% of the stock is owned by institutional investors.
Insider Activity at Solaris Energy Infrastructure
In other news, Director A. Teague purchased 3,900 shares of the business’s stock in a transaction dated Tuesday, September 8th. The shares were purchased at an average price of $64.21 per share, for a total transaction of $250,419.00. Following the completion of the purchase, the director owned 116,865 shares in the company, valued at approximately $7,503,901.65. This represents a 3.45% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 20.23% of the company’s stock.
Solaris Energy Infrastructure Trading Up 2.2%
SEI opened at $70.66 on Friday. The stock’s fifty day moving average is $64.99 and its two-hundred day moving average is $63.22. The company has a market capitalization of $5.41 billion, a P/E ratio of 46.08 and a beta of 1.28. Solaris Energy Infrastructure, Inc. has a 52 week low of $38.50 and a 52 week high of $86.19. The company has a quick ratio of 4.03, a current ratio of 4.12 and a debt-to-equity ratio of 2.23.
Solaris Energy Infrastructure (NYSE:SEI – Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.08. Solaris Energy Infrastructure had a return on equity of 13.26% and a net margin of 7.19%. The business had revenue of $219.40 million during the quarter. Analysts forecast that Solaris Energy Infrastructure, Inc. will post 1.42 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on the company. Piper Sandler lifted their target price on Solaris Energy Infrastructure from $80.00 to $82.00 and gave the stock an “overweight” rating in a research report on Thursday, August 27th. Zacks Research upgraded shares of Solaris Energy Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Friday, October 9th. Raymond James Financial raised their price target on shares of Solaris Energy Infrastructure from $82.00 to $96.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 9th. Northland Securities set a $111.00 price target on shares of Solaris Energy Infrastructure in a research note on Wednesday, September 16th. Finally, Wells Fargo & Company decreased their price objective on shares of Solaris Energy Infrastructure from $85.00 to $72.00 and set an “overweight” rating for the company in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $94.08.
Get Our Latest Stock Report on Solaris Energy Infrastructure
About Solaris Energy Infrastructure
Solaris Energy Infrastructure, Inc provides infrastructure solutions for energy-intensive industries in North America. The company develops, deploys and operates power-generation and power-management systems designed to deliver reliable electricity to customers with substantial or specialized energy needs, including data centers and other high-demand facilities.
Solaris also provides logistics infrastructure and related services for the oil and natural gas industry. Its offerings have included mobile and fixed proppant-management systems, silo storage, transloading and last-mile delivery solutions used to transport and manage sand and other materials at wellsites.
Founded in 2014 as Solaris Oilfield Infrastructure, the company historically focused on improving the efficiency of oilfield logistics before expanding into broader energy infrastructure and power solutions.
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