Solaris Energy Infrastructure, Inc. $SEI Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lowered its stake in Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 80.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 6,649 shares of the company’s stock after selling 28,168 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Solaris Energy Infrastructure were worth $266,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of SEI. Nisa Investment Advisors LLC boosted its holdings in Solaris Energy Infrastructure by 17.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,199 shares of the company’s stock worth $62,000 after acquiring an additional 333 shares during the period. Cerity Partners LLC boosted its position in Solaris Energy Infrastructure by 3.3% in the 2nd quarter. Cerity Partners LLC now owns 12,551 shares of the company’s stock valued at $355,000 after buying an additional 397 shares during the last quarter. California State Teachers Retirement System increased its position in shares of Solaris Energy Infrastructure by 1.4% during the second quarter. California State Teachers Retirement System now owns 32,282 shares of the company’s stock worth $913,000 after acquiring an additional 454 shares during the last quarter. Ritholtz Wealth Management lifted its stake in shares of Solaris Energy Infrastructure by 0.4% in the third quarter. Ritholtz Wealth Management now owns 133,717 shares of the company’s stock worth $5,345,000 after acquiring an additional 539 shares in the last quarter. Finally, Ameritas Investment Partners Inc. boosted its holdings in Solaris Energy Infrastructure by 20.1% in the second quarter. Ameritas Investment Partners Inc. now owns 3,724 shares of the company’s stock valued at $105,000 after purchasing an additional 623 shares during the last quarter. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Solaris Energy Infrastructure

In related news, Director Laurie H. Argo sold 2,300 shares of the stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $44.25, for a total transaction of $101,775.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Amanda M. Brock purchased 3,669 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was acquired at an average price of $40.89 per share, for a total transaction of $150,025.41. Following the transaction, the chief executive officer owned 141,080 shares of the company’s stock, valued at $5,768,761.20. The trade was a 2.67% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 21.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Piper Sandler lifted their price objective on Solaris Energy Infrastructure from $50.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, November 17th. Northland Securities set a $70.00 price target on shares of Solaris Energy Infrastructure in a research note on Monday, January 5th. Zacks Research downgraded shares of Solaris Energy Infrastructure from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. Citigroup lifted their price target on Solaris Energy Infrastructure from $38.00 to $56.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Finally, Morgan Stanley started coverage on shares of Solaris Energy Infrastructure in a report on Tuesday, December 2nd. They set an “overweight” rating and a $68.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $56.10.

Solaris Energy Infrastructure Stock Down 4.6%

SEI opened at $46.07 on Friday. Solaris Energy Infrastructure, Inc. has a one year low of $14.27 and a one year high of $59.80. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.28 and a current ratio of 2.39. The stock’s fifty day moving average is $50.66 and its 200-day moving average is $43.09. The company has a market capitalization of $3.15 billion, a PE ratio of 49.01 and a beta of 1.14.

Solaris Energy Infrastructure (NYSE:SEI) last released its earnings results on Monday, November 3rd. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.08. Solaris Energy Infrastructure had a return on equity of 9.38% and a net margin of 7.02%.The firm had revenue of $166.84 million for the quarter, compared to analyst estimates of $142.82 million. On average, equities analysts predict that Solaris Energy Infrastructure, Inc. will post 0.36 EPS for the current fiscal year.

Solaris Energy Infrastructure Profile

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.