Boston Partners Invests $1.01 Million in Solaris Energy Infrastructure, Inc. $SEI

Boston Partners bought a new position in shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 46,338 shares of the company’s stock, valued at approximately $1,008,000.

Other large investors have also modified their holdings of the company. Cerity Partners LLC purchased a new stake in shares of Solaris Energy Infrastructure during the first quarter worth $264,000. GW&K Investment Management LLC purchased a new stake in shares of Solaris Energy Infrastructure in the first quarter valued at about $9,437,000. Informed Momentum Co LLC purchased a new stake in shares of Solaris Energy Infrastructure in the first quarter valued at about $2,458,000. Acuitas Investments LLC purchased a new stake in shares of Solaris Energy Infrastructure in the first quarter valued at about $3,728,000. Finally, Emerald Advisers LLC purchased a new stake in shares of Solaris Energy Infrastructure in the first quarter valued at about $15,188,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $45.00 price objective (up previously from $41.00) on shares of Solaris Energy Infrastructure in a report on Friday, July 25th. Piper Sandler upped their price objective on shares of Solaris Energy Infrastructure from $50.00 to $51.00 and gave the company an “overweight” rating in a report on Wednesday, April 30th. Vertical Research assumed coverage on shares of Solaris Energy Infrastructure in a report on Wednesday, May 14th. They issued a “buy” rating and a $36.00 price objective for the company. Wall Street Zen lowered shares of Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a report on Wednesday, June 25th. Finally, Northland Securities set a $50.00 price objective on shares of Solaris Energy Infrastructure in a report on Monday, August 4th. One investment analyst has rated the stock with a sell rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $43.78.

Insider Transactions at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, CEO William A. Zartler purchased 10,000 shares of Solaris Energy Infrastructure stock in a transaction dated Wednesday, May 21st. The shares were acquired at an average price of $21.78 per share, with a total value of $217,800.00. Following the completion of the transaction, the chief executive officer owned 1,039,227 shares of the company’s stock, valued at $22,634,364.06. This trade represents a 0.97% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Aj Teague purchased 1,000 shares of Solaris Energy Infrastructure stock in a transaction dated Friday, May 23rd. The shares were acquired at an average cost of $26.77 per share, for a total transaction of $26,770.00. Following the transaction, the director directly owned 98,459 shares of the company’s stock, valued at approximately $2,635,747.43. This represents a 1.03% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 21.20% of the company’s stock.

Solaris Energy Infrastructure Trading Up 1.5%

NASDAQ SEI opened at $27.77 on Monday. The firm’s 50-day moving average is $29.93 and its two-hundred day moving average is $26.16. Solaris Energy Infrastructure, Inc. has a 12 month low of $10.96 and a 12 month high of $39.03. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.61 and a quick ratio of 3.40. The stock has a market capitalization of $1.88 billion, a P/E ratio of 63.12 and a beta of 1.14.

Solaris Energy Infrastructure Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 16th will be given a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.48 dividend on an annualized basis and a yield of 1.7%. Solaris Energy Infrastructure’s dividend payout ratio is presently 81.36%.

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.