Quantbot Technologies LP Buys 42,900 Shares of Solaris Energy Infrastructure, Inc. $SEI

Quantbot Technologies LP lifted its position in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 36.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 161,433 shares of the company’s stock after purchasing an additional 42,900 shares during the period. Quantbot Technologies LP owned 0.24% of Solaris Energy Infrastructure worth $6,452,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Assetmark Inc. bought a new stake in shares of Solaris Energy Infrastructure in the second quarter valued at about $25,000. Strs Ohio bought a new stake in shares of Solaris Energy Infrastructure during the 1st quarter valued at approximately $28,000. Chung Wu Investment Group LLC acquired a new position in Solaris Energy Infrastructure in the 3rd quarter worth about $52,000. Nisa Investment Advisors LLC increased its stake in shares of 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 buying an additional 333 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in 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 valued at $78,000 after purchasing an additional 2,628 shares during the period. Institutional investors own 67.44% of the company’s stock.

Insider Transactions at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, Director Laurie H. Argo sold 2,300 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $44.25, for a total transaction of $101,775.00. Following the completion of the transaction, the director owned 50,039 shares of the company’s stock, valued at approximately $2,214,225.75. This trade represents a 4.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Aj Teague bought 2,310 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was bought 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 of the company’s stock, valued at approximately $4,591,835.45. This represents a 2.22% increase in their position. The SEC filing for this purchase provides additional information. 21.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Solaris Energy Infrastructure Price Performance

Shares of Solaris Energy Infrastructure stock opened at $49.60 on Friday. The company has a fifty day moving average of $51.66 and a 200-day moving average of $45.55. 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 capitalization of $3.40 billion, a price-to-earnings ratio of 69.86 and a beta of 1.14. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.28 and a current ratio of 2.39.

Solaris Energy Infrastructure (NYSE:SEI) last announced its quarterly earnings data 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 return on equity of 12.06% and a net margin of 4.81%. Equities research analysts expect that Solaris Energy Infrastructure, Inc. will post 0.36 EPS for the current year.

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.