Solaris Energy Infrastructure (NYSE:SEI) Shares Gap Down – Should You Sell?

Solaris Energy Infrastructure, Inc. (NYSE:SEI)’s share price gapped down before the market opened on Monday . The stock had previously closed at $51.58, but opened at $49.02. Solaris Energy Infrastructure shares last traded at $52.43, with a volume of 316,620 shares.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on SEI shares. Piper Sandler lifted their price objective on shares of Solaris Energy Infrastructure from $50.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, November 17th. Raymond James Financial reaffirmed an “outperform” rating on shares of Solaris Energy Infrastructure in a report on Tuesday, January 27th. Zacks Research downgraded Solaris Energy Infrastructure from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. Barclays raised their target price on Solaris Energy Infrastructure from $44.00 to $61.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Solaris Energy Infrastructure in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $56.10.

Solaris Energy Infrastructure Stock Performance

The stock has a market cap of $3.73 billion, a P/E ratio of 57.93 and a beta of 1.14. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.39 and a quick ratio of 2.28. The company has a fifty day moving average of $50.87 and a 200 day moving average of $43.73.

Insider Transactions at Solaris Energy Infrastructure

In other news, Director Aj Teague acquired 2,310 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was acquired at an average price 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 in the company, valued at $4,591,835.45. This represents a 2.22% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Laurie H. Argo sold 2,300 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $44.25, for a total value of $101,775.00. Following the transaction, the director directly owned 50,039 shares of the company’s stock, valued at $2,214,225.75. This represents a 4.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 21.20% of the company’s stock.

Institutional Trading of Solaris Energy Infrastructure

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Solaris Energy Infrastructure by 9.3% during the 4th quarter. Vanguard Group Inc. now owns 2,913,632 shares of the company’s stock valued at $133,940,000 after acquiring an additional 248,762 shares during the last quarter. Situational Awareness LP lifted its holdings in shares of Solaris Energy Infrastructure by 62.3% during the fourth quarter. Situational Awareness LP now owns 1,866,500 shares of the company’s stock valued at $85,803,000 after purchasing an additional 716,200 shares during the last quarter. Westwood Holdings Group Inc. boosted its position in shares of Solaris Energy Infrastructure by 11.8% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,504,738 shares of the company’s stock valued at $42,569,000 after purchasing an additional 158,338 shares during the period. Principal Financial Group Inc. increased its stake in Solaris Energy Infrastructure by 2,120.7% in the 4th quarter. Principal Financial Group Inc. now owns 1,466,343 shares of the company’s stock worth $67,408,000 after purchasing an additional 1,400,311 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in Solaris Energy Infrastructure by 623.5% during the 3rd quarter. Van ECK Associates Corp now owns 1,295,898 shares of the company’s stock worth $51,797,000 after buying an additional 1,116,794 shares during the period. 67.44% of the stock is currently owned by institutional investors.

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.