Solaris Energy Infrastructure, Inc. $SEI Stock Holdings Boosted by Penn Capital Management Company LLC

Penn Capital Management Company LLC grew its position in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 41.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 317,999 shares of the company’s stock after acquiring an additional 93,514 shares during the period. Solaris Energy Infrastructure comprises 1.6% of Penn Capital Management Company LLC’s portfolio, making the stock its 7th largest position. Penn Capital Management Company LLC’s holdings in Solaris Energy Infrastructure were worth $22,678,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Concurrent Investment Advisors LLC boosted its holdings in shares of Solaris Energy Infrastructure by 4.4% during the second quarter. Concurrent Investment Advisors LLC now owns 7,114 shares of the company’s stock worth $572,000 after purchasing an additional 300 shares during the period. Balefire LLC increased its holdings in Solaris Energy Infrastructure by 12.3% during the 3rd quarter. Balefire LLC now owns 3,109 shares of the company’s stock valued at $221,000 after purchasing an additional 341 shares during the period. Gibbs Wealth Management increased its holdings in Solaris Energy Infrastructure by 7.3% during the 3rd quarter. Gibbs Wealth Management now owns 6,812 shares of the company’s stock valued at $485,000 after purchasing an additional 461 shares during the period. Parallel Advisors LLC increased its holdings in Solaris Energy Infrastructure by 590.9% during the 3rd quarter. Parallel Advisors LLC now owns 684 shares of the company’s stock valued at $49,000 after purchasing an additional 585 shares during the period. Finally, Bosman Wealth Management LLC raised its position in Solaris Energy Infrastructure by 18.2% during the 3rd quarter. Bosman Wealth Management LLC now owns 3,882 shares of the company’s stock valued at $276,000 after purchasing an additional 598 shares during the last quarter. 67.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

SEI has been the subject of several research analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $104.00 price objective on shares of Solaris Energy Infrastructure in a report on Friday, October 30th. Northland Securities set a $111.00 target price on Solaris Energy Infrastructure in a research note on Wednesday, September 16th. Wells Fargo & Company decreased their target price on Solaris Energy Infrastructure from $72.00 to $65.00 and set an “overweight” rating for the company in a report on Friday. Zacks Research upgraded Solaris Energy Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Friday, October 9th. Finally, Piper Sandler raised their price target on Solaris Energy Infrastructure from $82.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $98.69.

Trending Headlines about Solaris Energy Infrastructure

Here are the key news stories impacting Solaris Energy Infrastructure this week:

• Positive Sentiment: Citigroup raised its price target to $104 from $100 and reiterated a “buy” rating, signaling increased confidence in SEI’s prospects. Citigroup raises price target
• Positive Sentiment: Piper Sandler lifted its target to $85 from $82 and assigned an “overweight” rating, adding to the positive analyst outlook. Piper Sandler raises price target
• Positive Sentiment: SEI reported third-quarter EPS of $0.45, above the $0.22 consensus estimate, with revenue of $341.09 million. The earnings beat may bolster confidence in operating performance. Q3 earnings metrics
• Positive Sentiment: Solaris was among several energy-related companies whose shares rallied, suggesting broader sector strength may also have helped sentiment. The article does not specify the rally’s underlying catalyst. Energy shares rally
• Neutral Sentiment: Barclays was reported to expect SEI’s stock to rise, but the available headline does not provide its target or rationale. Barclays outlook
• Negative Sentiment: Wells Fargo cut its price target, a less favorable signal that tempers the recent bullish analyst revisions; the report provided here does not state the new target. Wells Fargo cuts target

Insider Buying and Selling at Solaris Energy Infrastructure

In other news, Director A. Teague bought 3,900 shares of Solaris Energy Infrastructure stock in a transaction on Tuesday, September 8th. The shares were purchased at an average price of $64.21 per share, for a total transaction of $250,419.00. Following the acquisition, the director owned 116,865 shares of the company’s stock, valued at approximately $7,503,901.65. The trade was a 3.45% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 20.23% of the company’s stock.

Solaris Energy Infrastructure Trading Up 8.3%

Shares of SEI opened at $62.59 on Tuesday. Solaris Energy Infrastructure, Inc. has a 1-year low of $38.50 and a 1-year high of $86.19. The company has a current ratio of 4.12, a quick ratio of 4.03 and a debt-to-equity ratio of 2.23. The firm’s 50-day moving average price is $65.95 and its 200-day moving average price is $63.39. The firm has a market capitalization of $4.79 billion, a price-to-earnings ratio of 65.19 and a beta of 1.40.

Solaris Energy Infrastructure (NYSE:SEI) last released its quarterly earnings results on Wednesday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.23. Solaris Energy Infrastructure had a net margin of 7.99% and a return on equity of 14.56%. The company had revenue of $341.09 million during the quarter. Sell-side analysts anticipate that Solaris Energy Infrastructure, Inc. will post 1.37 EPS for the current year.

Solaris Energy Infrastructure Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Tuesday, December 8th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, December 8th. Solaris Energy Infrastructure’s payout ratio is presently 50.00%.

About Solaris Energy Infrastructure

Solaris Energy Infrastructure, Inc provides equipment and services for energy production and power generation. Its offerings include natural gas-fueled power systems and related equipment, as well as mobile systems used to store, transport and deliver proppant at oil and gas wells.

The company was established as Solaris Oilfield Infrastructure and later adopted its current name as its business expanded beyond oilfield logistics. Its oilfield services primarily support operators in U.S.