Solaris Energy Infrastructure, Inc. $SEI Shares Sold by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust decreased its holdings in Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 7.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 315,972 shares of the company’s stock after selling 25,902 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in Solaris Energy Infrastructure were worth $8,939,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Jennison Associates LLC acquired a new stake in Solaris Energy Infrastructure in the 2nd quarter valued at about $356,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Solaris Energy Infrastructure in the 2nd quarter valued at approximately $985,000. Envestnet Asset Management Inc. grew its stake in shares of Solaris Energy Infrastructure by 98.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 29,127 shares of the company’s stock valued at $824,000 after buying an additional 14,441 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of Solaris Energy Infrastructure by 17.8% in the 2nd 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, Oppenheimer Asset Management Inc. purchased a new stake in shares of Solaris Energy Infrastructure in the 2nd quarter valued at approximately $300,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

Solaris Energy Infrastructure Stock Performance

NYSE:SEI opened at $51.87 on Thursday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.98 and a current ratio of 3.11. The stock has a market capitalization of $3.51 billion, a P/E ratio of 87.92 and a beta of 1.12. The company has a 50 day moving average price of $39.27 and a 200 day moving average price of $31.19. Solaris Energy Infrastructure, Inc. has a fifty-two week low of $12.78 and a fifty-two week high of $56.14.

Solaris Energy Infrastructure (NYSE:SEI) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.08 earnings per share for the quarter. The firm had revenue of $75.02 million during the quarter. Solaris Energy Infrastructure had a net margin of 4.99% and a return on equity of 7.66%. Equities research analysts forecast that Solaris Energy Infrastructure, Inc. will post 0.36 EPS for the current year.

Insider Buying and Selling at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, Director Edgar R. Jr. Giesinger sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $28.86, for a total value of $288,600.00. Following the completion of the transaction, the director owned 90,956 shares of the company’s stock, valued at $2,624,990.16. This trade represents a 9.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Kyle S. Ramachandran purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, September 9th. The stock was acquired at an average cost of $25.00 per share, with a total value of $50,000.00. Following the transaction, the chief financial officer directly owned 370,338 shares in the company, valued at $9,258,450. This trade represents a 0.54% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 21.20% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Raymond James Financial reissued an “outperform” rating and issued a $38.00 price target (down previously from $39.00) on shares of Solaris Energy Infrastructure in a research note on Wednesday, July 23rd. Stifel Nicolaus reissued a “buy” rating and issued a $45.00 price target (up previously from $41.00) on shares of Solaris Energy Infrastructure in a research note on Friday, July 25th. Northland Securities set a $61.00 price target on shares of Solaris Energy Infrastructure in a research note on Thursday, October 9th. Barclays increased their price target on shares of Solaris Energy Infrastructure from $39.00 to $44.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Solaris Energy Infrastructure in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $47.56.

Solaris Energy Infrastructure 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.