Amanda Brock Purchases 3,669 Shares of Solaris Energy Infrastructure (NYSE:SEI) Stock

Solaris Energy Infrastructure, Inc. (NYSE:SEI) CEO Amanda Brock bought 3,669 shares of the stock in a transaction dated Wednesday, December 17th. The stock was purchased at an average price of $40.89 per share, with a total value of $150,025.41. Following the acquisition, the chief executive officer directly owned 141,080 shares in the company, valued at approximately $5,768,761.20. The trade was a 2.67% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Solaris Energy Infrastructure Trading Up 5.9%

Solaris Energy Infrastructure stock traded up $2.39 during mid-day trading on Thursday, hitting $43.03. The company’s stock had a trading volume of 3,038,598 shares, compared to its average volume of 2,197,525. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.28 and a current ratio of 2.39. The company has a 50 day moving average of $49.36 and a 200-day moving average of $37.74. Solaris Energy Infrastructure, Inc. has a one year low of $14.27 and a one year high of $57.17. The stock has a market cap of $2.95 billion, a PE ratio of 45.78 and a beta of 1.14.

Solaris Energy Infrastructure (NYSE:SEI) last posted its quarterly earnings results on Monday, November 3rd. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.08. The firm had revenue of $166.84 million during the quarter, compared to the consensus estimate of $142.82 million. Solaris Energy Infrastructure had a net margin of 7.02% and a return on equity of 9.38%. On average, research analysts anticipate that Solaris Energy Infrastructure, Inc. will post 0.36 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SEI. Morgan Stanley began coverage on shares of Solaris Energy Infrastructure in a report on Tuesday, December 2nd. They set an “overweight” rating and a $68.00 price objective on the stock. Citigroup lifted their price target on Solaris Energy Infrastructure from $38.00 to $56.00 and gave the company a “buy” rating in a report on Monday, October 13th. Weiss Ratings reissued a “buy (b-)” rating on shares of Solaris Energy Infrastructure in a research report on Monday. Zacks Research downgraded Solaris Energy Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Finally, Barclays lifted their target price on Solaris Energy Infrastructure from $44.00 to $61.00 and gave the company an “overweight” rating in a research note on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $52.80.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SEI. Assetmark Inc. boosted its position in Solaris Energy Infrastructure by 29.1% in the third quarter. Assetmark Inc. now owns 1,130 shares of the company’s stock valued at $45,000 after buying an additional 255 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in Solaris Energy Infrastructure by 2.8% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 10,917 shares of the company’s stock valued at $436,000 after acquiring an additional 295 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of Solaris Energy Infrastructure by 17.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,199 shares of the company’s stock valued at $62,000 after acquiring an additional 333 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Solaris Energy Infrastructure by 1.1% in the third quarter. Legal & General Group Plc now owns 36,698 shares of the company’s stock worth $1,467,000 after acquiring an additional 391 shares during the period. Finally, Cerity Partners LLC raised its holdings in shares of Solaris Energy Infrastructure by 3.3% during the second quarter. Cerity Partners LLC now owns 12,551 shares of the company’s stock worth $355,000 after purchasing an additional 397 shares during the last quarter. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

Solaris Energy Infrastructure Company Profile

Solaris Energy Infrastructure, Inc is a holding company, which engages in the manufacture of patented mobile proppant management systems that unload, store, and deliver proppant to oil and natural gas well sites. Its products include Mobile Proppant and Mobile Chemical Management Systems, and Inventory Management Software.