Profund Advisors LLC Takes Position in Solaris Energy Infrastructure, Inc. $SEI

Profund Advisors LLC bought a new stake in Solaris Energy Infrastructure, Inc. (NYSE:SEI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,359 shares of the company’s stock, valued at approximately $236,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Assetmark Inc. bought a new stake in shares of Solaris Energy Infrastructure in the 2nd quarter valued at approximately $25,000. Strs Ohio acquired a new stake in Solaris Energy Infrastructure in the 1st quarter valued at $28,000. US Bancorp DE acquired a new stake in Solaris Energy Infrastructure in the 1st quarter valued at $38,000. Nisa Investment Advisors LLC bought a new stake in Solaris Energy Infrastructure in the first quarter valued at $41,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Solaris Energy Infrastructure during the first quarter worth $135,000. Institutional investors own 67.44% of the company’s stock.

Solaris Energy Infrastructure Stock Performance

SEI stock opened at $45.04 on Friday. The company has a 50 day moving average price of $44.48 and a 200 day moving average price of $33.85. Solaris Energy Infrastructure, Inc. has a fifty-two week low of $14.27 and a fifty-two week high of $57.17. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.39 and a quick ratio of 2.98. The stock has a market capitalization of $3.08 billion, a PE ratio of 47.92 and a beta of 1.12.

Solaris Energy Infrastructure (NYSE:SEI) last released its earnings results on Monday, November 3rd. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.24 by $0.08. The company had revenue of $166.84 million during the quarter, compared to analysts’ expectations of $142.82 million. Solaris Energy Infrastructure had a return on equity of 9.38% and a net margin of 7.02%. Analysts forecast that Solaris Energy Infrastructure, Inc. will post 0.36 EPS for the current year.

Insider Transactions at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, Director Edgar R. Jr. Giesinger sold 10,000 shares of the business’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $28.86, for a total transaction of $288,600.00. Following the completion of the sale, the director directly owned 90,956 shares of the company’s stock, valued at approximately $2,624,990.16. The trade was a 9.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO William A. Zartler acquired 10,000 shares of Solaris Energy Infrastructure stock in a transaction on Tuesday, September 9th. The stock was acquired at an average cost of $24.83 per share, for a total transaction of $248,300.00. Following the completion of the purchase, the chief executive officer owned 1,049,227 shares of the company’s stock, valued at approximately $26,052,306.41. The trade was a 0.96% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders sold 2,137,533 shares of company stock valued at $106,727,467. 21.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

SEI has been the topic of several recent analyst reports. Zacks Research upgraded shares of Solaris Energy Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 20th. Northland Securities set a $61.00 price target on shares of Solaris Energy Infrastructure in a report on Thursday, October 9th. Weiss Ratings restated a “hold (c+)” rating on shares of Solaris Energy Infrastructure in a research report on Tuesday. Stifel Nicolaus reaffirmed a “buy” rating and set a $45.00 price objective (up previously from $41.00) on shares of Solaris Energy Infrastructure in a report on Friday, July 25th. Finally, Citigroup boosted their target price on Solaris Energy Infrastructure from $38.00 to $56.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Solaris Energy Infrastructure has a consensus rating of “Buy” and an average target price of $49.44.

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.