Insider Buying: Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) Director Purchases 4,000 Shares of Stock

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) Director Laurie H. Argo purchased 4,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average price of $22.43 per share, for a total transaction of $89,720.00. Following the completion of the transaction, the director now directly owns 46,064 shares of the company’s stock, valued at $1,033,215.52. The trade was a 9.51 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Solaris Energy Infrastructure Trading Up 10.8 %

Solaris Energy Infrastructure stock traded up $2.40 during mid-day trading on Wednesday, hitting $24.63. The company’s stock had a trading volume of 868,665 shares, compared to its average volume of 1,192,059. The business has a fifty day moving average price of $29.14. The company has a quick ratio of 3.40, a current ratio of 3.61 and a debt-to-equity ratio of 0.77. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 55.74 and a beta of 1.32. Solaris Energy Infrastructure, Inc. has a 1 year low of $8.09 and a 1 year high of $39.03.

Solaris Energy Infrastructure Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Tuesday, March 11th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Tuesday, March 11th. Solaris Energy Infrastructure’s dividend payout ratio is presently 97.96%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Stifel Nicolaus boosted their target price on Solaris Energy Infrastructure from $42.00 to $48.00 and gave the stock a “buy” rating in a report on Monday, February 24th. Tudor, Pickering, Holt & Co. started coverage on Solaris Energy Infrastructure in a research note on Wednesday, January 22nd. They set a “buy” rating and a $41.00 price objective on the stock. Janney Montgomery Scott initiated coverage on Solaris Energy Infrastructure in a report on Tuesday, February 25th. They issued a “buy” rating and a $57.00 target price for the company. Tudor Pickering upgraded Solaris Energy Infrastructure to a “strong-buy” rating in a report on Wednesday, January 22nd. Finally, Piper Sandler assumed coverage on shares of Solaris Energy Infrastructure in a report on Thursday, February 20th. They issued an “overweight” rating and a $37.00 price objective for the company. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Solaris Energy Infrastructure presently has a consensus rating of “Buy” and a consensus price target of $45.75.

Solaris Energy Infrastructure Company 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.