Covalis Capital LLP Takes $1.88 Million Position in Solaris Energy Infrastructure, Inc. $SEI

Covalis Capital LLP acquired a new stake in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) during the second quarter, HoldingsChannel reports. The fund acquired 66,412 shares of the company’s stock, valued at approximately $1,879,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Assetmark Inc. purchased a new position in shares of Solaris Energy Infrastructure during the second quarter worth approximately $25,000. Strs Ohio bought a new position in shares of Solaris Energy Infrastructure during the 1st quarter valued at $28,000. US Bancorp DE purchased a new position in Solaris Energy Infrastructure in the 1st quarter worth $38,000. Nisa Investment Advisors LLC lifted its stake 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 worth $62,000 after purchasing an additional 333 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Solaris Energy Infrastructure during the first quarter valued at about $135,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Insider Buying and Selling

In other news, CFO Kyle S. Ramachandran acquired 2,000 shares of the firm’s stock in a transaction on Tuesday, September 9th. The stock was acquired at an average price of $25.00 per share, for a total transaction of $50,000.00. Following the completion of the acquisition, the chief financial officer owned 370,338 shares in the company, valued at $9,258,450. This trade represents a 0.54% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christopher M. Powell sold 12,750 shares of the business’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $30.00, for a total transaction of $382,500.00. Following the sale, the insider owned 130,615 shares in the company, valued at approximately $3,918,450. This trade represents a 8.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,137,533 shares of company stock worth $106,727,467 over the last quarter. Company insiders own 21.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Wall Street Zen raised Solaris Energy Infrastructure from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Northland Securities set a $61.00 price objective on Solaris Energy Infrastructure in a research report on Thursday, October 9th. Zacks Research lowered Solaris Energy Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Piper Sandler lifted their target price on shares of Solaris Energy Infrastructure from $50.00 to $65.00 and gave the stock an “overweight” rating in a research note on Monday, November 17th. Finally, Weiss Ratings upgraded shares of Solaris Energy Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, November 17th. Two research analysts have 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. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $51.11.

Solaris Energy Infrastructure Stock Up 4.0%

Shares of NYSE SEI opened at $42.89 on Friday. The firm has a fifty day simple moving average of $46.00 and a two-hundred day simple moving average of $34.59. Solaris Energy Infrastructure, Inc. has a 12 month low of $14.27 and a 12 month high of $57.17. The company has a current ratio of 2.39, a quick ratio of 2.28 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $2.94 billion, a PE ratio of 45.63 and a beta of 1.12.

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

Solaris Energy Infrastructure 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.