Portolan Capital Management LLC Invests $14.53 Million in Solaris Energy Infrastructure, Inc. $SEI

Portolan Capital Management LLC acquired a new stake in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) during the third quarter, HoldingsChannel reports. The fund acquired 363,440 shares of the company’s stock, valued at approximately $14,527,000.

Other hedge funds also recently made changes to their positions in the company. Strs Ohio purchased a new stake in Solaris Energy Infrastructure in the 1st quarter worth approximately $28,000. Assetmark Inc. lifted its holdings in Solaris Energy Infrastructure by 29.1% during the third quarter. Assetmark Inc. now owns 1,130 shares of the company’s stock valued at $45,000 after purchasing an additional 255 shares in the last quarter. Chung Wu Investment Group LLC bought a new position in shares of Solaris Energy Infrastructure in the third quarter worth approximately $52,000. Quadrant Capital Group LLC purchased a new stake in shares of Solaris Energy Infrastructure in the third quarter worth $72,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Solaris Energy Infrastructure by 2,227.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,746 shares of the company’s stock worth $78,000 after purchasing an additional 2,628 shares in the last quarter. 67.44% of the stock is currently owned by institutional investors.

Insider Transactions at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, insider Cynthia M. Durrett sold 47,011 shares of Solaris Energy Infrastructure stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $44.62, for a total value of $2,097,630.82. Following the sale, the insider owned 131,152 shares of the company’s stock, valued at $5,852,002.24. The trade was a 26.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Aj Teague acquired 2,310 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The shares were purchased at an average cost of $43.13 per share, for a total transaction of $99,630.30. Following the completion of the acquisition, the director directly owned 106,465 shares in the company, valued at approximately $4,591,835.45. This 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.

Solaris Energy Infrastructure Stock Down 2.2%

Shares of SEI stock opened at $52.18 on Friday. The company’s fifty day simple moving average is $52.72 and its two-hundred day simple moving average is $47.05. Solaris Energy Infrastructure, Inc. has a 52 week low of $14.27 and a 52 week high of $61.36. The stock has a market cap of $3.57 billion, a P/E ratio of 73.49 and a beta of 1.13. The company has a quick ratio of 2.87, a current ratio of 2.96 and a debt-to-equity ratio of 1.37.

Solaris Energy Infrastructure (NYSE:SEI) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11. Solaris Energy Infrastructure had a return on equity of 11.83% and a net margin of 4.81%.The firm had revenue of $179.70 million during the quarter. Analysts predict that Solaris Energy Infrastructure, Inc. will post 0.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SEI. Citigroup lowered their target price on shares of Solaris Energy Infrastructure from $62.00 to $61.00 and set a “buy” rating on the stock in a research note on Tuesday. UBS Group set a $65.00 price target on Solaris Energy Infrastructure in a research note on Tuesday, January 27th. Wall Street Zen cut Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Northland Securities set a $70.00 price objective on Solaris Energy Infrastructure in a research report on Monday, January 5th. Finally, Zacks Research lowered Solaris Energy Infrastructure from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $57.10.

Solaris Energy Infrastructure 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.