Solaris Energy Infrastructure (NYSE:SEI) Director Sells $378,976.00 in Stock

Solaris Energy Infrastructure, Inc. (NYSE:SEI) Director Laurie Argo sold 5,200 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $72.88, for a total value of $378,976.00. Following the sale, the director directly owned 44,839 shares of the company’s stock, valued at $3,267,866.32. This represents a 10.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Solaris Energy Infrastructure Stock Performance

NYSE:SEI traded up $0.86 during mid-day trading on Wednesday, hitting $77.09. 2,506,050 shares of the company traded hands, compared to its average volume of 2,308,071. The stock’s fifty day moving average price is $62.65 and its 200-day moving average price is $54.71. Solaris Energy Infrastructure, Inc. has a one year low of $21.22 and a one year high of $81.24. 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 firm has a market cap of $5.28 billion, a price-to-earnings ratio of 86.62 and a beta of 1.25.

Solaris Energy Infrastructure (NYSE:SEI) last released its quarterly earnings data on Monday, April 27th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.18. The firm had revenue of $196.24 million during the quarter. Solaris Energy Infrastructure had a return on equity of 13.33% and a net margin of 6.69%. Research analysts anticipate that Solaris Energy Infrastructure, Inc. will post 1.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Solaris Energy Infrastructure

Hedge funds have recently made changes to their positions in the company. Cullen Frost Bankers Inc. purchased a new stake in shares of Solaris Energy Infrastructure in the fourth quarter worth about $28,000. Signaturefd LLC raised its position in Solaris Energy Infrastructure by 344.9% during the fourth quarter. Signaturefd LLC now owns 614 shares of the company’s stock valued at $28,000 after purchasing an additional 476 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Solaris Energy Infrastructure during the third quarter valued at approximately $31,000. Larson Financial Group LLC raised its position in Solaris Energy Infrastructure by 363.0% during the third quarter. Larson Financial Group LLC now owns 1,014 shares of the company’s stock valued at $41,000 after purchasing an additional 795 shares during the period. Finally, Assetmark Inc. raised its position 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 during the period. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SEI has been the subject of a number of recent analyst reports. Zacks Research raised Solaris Energy Infrastructure from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 12th. Wall Street Zen lowered Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Barclays upped their price objective on Solaris Energy Infrastructure from $74.00 to $86.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Stifel Nicolaus upped their price objective on Solaris Energy Infrastructure from $71.00 to $93.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, Glj Research initiated coverage on Solaris Energy Infrastructure in a research note on Thursday, March 5th. They issued a “buy” rating and a $60.00 price objective for the company. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Solaris Energy Infrastructure presently has an average rating of “Moderate Buy” and a consensus price target of $75.18.

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.