Solaris Energy Infrastructure, Inc. $SEI Shares Sold by Royce & Associates LP

Royce & Associates LP lessened its stake in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 5.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 494,568 shares of the company’s stock after selling 28,810 shares during the quarter. Royce & Associates LP’s holdings in Solaris Energy Infrastructure were worth $19,768,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. acquired a new stake in shares of Solaris Energy Infrastructure in the 2nd quarter worth $25,000. Strs Ohio acquired a new position in shares of Solaris Energy Infrastructure during the first quarter worth about $28,000. Chung Wu Investment Group LLC purchased a new position in Solaris Energy Infrastructure during the third quarter worth about $52,000. Nisa Investment Advisors LLC lifted its position in Solaris Energy Infrastructure by 17.8% in the second quarter. Nisa Investment Advisors LLC now owns 2,199 shares of the company’s stock valued at $62,000 after purchasing an additional 333 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in Solaris Energy Infrastructure by 2,227.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,746 shares of the company’s stock valued at $78,000 after purchasing an additional 2,628 shares in the last quarter. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

Solaris Energy Infrastructure Stock Performance

NYSE SEI opened at $49.60 on Monday. The company has a quick ratio of 2.28, a current ratio of 2.39 and a debt-to-equity ratio of 0.69. Solaris Energy Infrastructure, Inc. has a fifty-two week low of $14.27 and a fifty-two week high of $61.36. The business has a fifty day moving average of $51.66 and a 200-day moving average of $45.68. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 69.86 and a beta of 1.13.

Solaris Energy Infrastructure (NYSE:SEI) last announced its earnings results on Tuesday, February 24th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.11. The firm had revenue of $179.70 million during the quarter. Solaris Energy Infrastructure had a net margin of 4.81% and a return on equity of 12.06%. As a group, analysts predict that Solaris Energy Infrastructure, Inc. will post 0.36 earnings per share for the current fiscal year.

Insider Activity

In other Solaris Energy Infrastructure news, CEO Amanda M. Brock purchased 3,669 shares of the business’s stock in a transaction on Wednesday, December 17th. The stock was bought at an average cost of $40.89 per share, for a total transaction of $150,025.41. Following the acquisition, the chief executive officer owned 141,080 shares of the company’s stock, valued at approximately $5,768,761.20. The trade was a 2.67% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Aj Teague purchased 2,310 shares of Solaris Energy Infrastructure stock in a transaction on Wednesday, December 17th. The shares were acquired at an average cost of $43.13 per share, for a total transaction of $99,630.30. Following the purchase, the director owned 106,465 shares in the company, valued at approximately $4,591,835.45. This trade represents a 2.22% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 21.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Raymond James Financial restated an “outperform” rating on shares of Solaris Energy Infrastructure in a research note on Tuesday, January 27th. Barclays increased their price target on shares of Solaris Energy Infrastructure from $61.00 to $63.00 and gave the company an “overweight” rating in a report on Thursday. Zacks Research lowered shares of Solaris Energy Infrastructure from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. Weiss Ratings reissued a “buy (b-)” rating on shares of Solaris Energy Infrastructure in a research note on Monday, December 29th. Finally, Piper Sandler lifted their price objective on Solaris Energy Infrastructure from $50.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, November 17th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Solaris Energy Infrastructure has an average rating of “Moderate Buy” and a consensus price target of $56.22.

About Solaris Energy Infrastructure

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.