GeoSphere Capital Management LLC Reduces Holdings in Solaris Energy Infrastructure, Inc. $SEI

GeoSphere Capital Management LLC reduced its stake in Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 7.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 129,472 shares of the company’s stock after selling 10,000 shares during the quarter. Solaris Energy Infrastructure makes up 2.0% of GeoSphere Capital Management LLC’s investment portfolio, making the stock its 5th biggest position. GeoSphere Capital Management LLC’s holdings in Solaris Energy Infrastructure were worth $5,952,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in SEI. Principal Financial Group Inc. grew 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 acquiring an additional 1,400,311 shares in the last quarter. Van ECK Associates Corp grew its stake in Solaris Energy Infrastructure by 623.5% in the 3rd quarter. Van ECK Associates Corp now owns 1,295,898 shares of the company’s stock worth $51,797,000 after acquiring an additional 1,116,794 shares in the last quarter. Advent International L.P. bought a new position in Solaris Energy Infrastructure in the 3rd quarter worth about $40,246,000. Ceredex Value Advisors LLC bought a new position in Solaris Energy Infrastructure in the 3rd quarter worth about $35,050,000. Finally, Goodlander Investment Management LLC purchased a new stake in shares of Solaris Energy Infrastructure in the 2nd quarter worth approximately $19,803,000. 67.44% of the stock is currently owned by institutional investors.

Solaris Energy Infrastructure Stock Up 0.2%

NYSE:SEI opened at $74.41 on Monday. The firm has a market capitalization of $5.09 billion, a P/E ratio of 83.61 and a beta of 1.25. Solaris Energy Infrastructure, Inc. has a 1-year low of $24.50 and a 1-year high of $81.24. The company’s fifty day moving average price is $65.93 and its 200-day moving average price is $55.82. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.11 and a quick ratio of 1.07.

Solaris Energy Infrastructure (NYSE:SEI) last released its quarterly earnings data on Monday, April 27th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.18. The firm had revenue of $196.24 million for the quarter. Solaris Energy Infrastructure had a net margin of 6.69% and a return on equity of 13.33%. As a group, equities research analysts anticipate that Solaris Energy Infrastructure, Inc. will post 1.3 EPS for the current year.

Insider Buying and Selling at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, Director W Howard Keenan, Jr. sold 2,000,000 shares of Solaris Energy Infrastructure stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $74.50, for a total transaction of $149,000,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Ktr Management Company, Llc sold 2,000,000 shares of Solaris Energy Infrastructure stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $70.75, for a total transaction of $141,500,000.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 4,099,593 shares of company stock valued at $297,782,099. Insiders own 20.23% of the company’s stock.

Analyst Ratings Changes

SEI has been the subject of several research reports. Zacks Research raised shares of Solaris Energy Infrastructure from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 12th. Wells Fargo & Company upped their price target on shares of Solaris Energy Infrastructure from $71.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 29th. Wall Street Zen cut shares of Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Weiss Ratings raised shares of Solaris Energy Infrastructure from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Finally, Stifel Nicolaus upped their price target on shares of Solaris Energy Infrastructure from $71.00 to $93.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $79.10.

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.