Solaris Energy Infrastructure, Inc. $SEI is Ranger Investment Management L.P.’s 5th Largest Position

Ranger Investment Management L.P. trimmed its position in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 2.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 607,810 shares of the company’s stock after selling 15,403 shares during the quarter. Solaris Energy Infrastructure makes up approximately 2.5% of Ranger Investment Management L.P.’s holdings, making the stock its 5th largest position. Ranger Investment Management L.P. owned 0.89% of Solaris Energy Infrastructure worth $34,347,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Creative Financial Designs Inc. ADV raised its position in shares of Solaris Energy Infrastructure by 5.5% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,920 shares of the company’s stock worth $180,000 after acquiring an additional 205 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Solaris Energy Infrastructure by 1.1% during the third quarter. Legal & General Group Plc now owns 36,698 shares of the company’s stock valued at $1,467,000 after purchasing an additional 391 shares in the last quarter. Cerity Partners LLC grew its stake in Solaris Energy Infrastructure by 3.3% in 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 period. California State Teachers Retirement System raised its holdings in Solaris Energy Infrastructure by 1.4% in the second quarter. California State Teachers Retirement System now owns 32,282 shares of the company’s stock worth $913,000 after purchasing an additional 454 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in Solaris Energy Infrastructure by 344.9% in the fourth quarter. Signaturefd LLC now owns 614 shares of the company’s stock worth $28,000 after purchasing an additional 476 shares in the last quarter. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on SEI shares. Weiss Ratings cut shares of Solaris Energy Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, July 17th. Barclays lifted their price target on shares of Solaris Energy Infrastructure from $74.00 to $86.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Northland Securities set a $104.00 price objective on shares of Solaris Energy Infrastructure in a report on Friday, June 12th. Stifel Nicolaus lifted their target price on shares of Solaris Energy Infrastructure from $71.00 to $93.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, Zacks Research cut Solaris Energy Infrastructure from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 30th. Nine investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Solaris Energy Infrastructure has an average rating of “Moderate Buy” and a consensus target price of $86.25.

Insiders Place Their Bets

In other news, Director Laurie H. Argo sold 5,200 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $72.88, for a total transaction of $378,976.00. Following the sale, the director owned 44,839 shares in the company, valued at $3,267,866.32. This represents a 10.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Ktr Management Company, Llc sold 2,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $70.75, for a total transaction of $141,500,000.00. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 4,099,593 shares of company stock valued at $297,782,099. 20.23% of the stock is owned by company insiders.

Solaris Energy Infrastructure Price Performance

SEI opened at $47.32 on Wednesday. The firm has a market cap of $3.48 billion, a PE ratio of 53.17 and a beta of 1.17. The stock has a 50-day moving average price of $70.38 and a 200-day moving average price of $63.17. Solaris Energy Infrastructure, Inc. has a 1 year low of $24.57 and a 1 year high of $86.19. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.11 and a quick ratio of 1.07.

Solaris Energy Infrastructure (NYSE:SEI) last announced its quarterly earnings data on Monday, April 27th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.26 by $0.18. The company had revenue of $196.24 million for the quarter. Solaris Energy Infrastructure had a net margin of 6.69% and a return on equity of 13.33%. Sell-side analysts predict that Solaris Energy Infrastructure, Inc. will post 1.01 earnings per share for the current fiscal year.

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.