Westwood Holdings Group Inc. Trims Holdings in Solaris Energy Infrastructure, Inc. $SEI

Westwood Holdings Group Inc. cut its position in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 99.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,302 shares of the company’s stock after selling 1,339,098 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Solaris Energy Infrastructure were worth $207,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Assetmark Inc. purchased a new position in shares of Solaris Energy Infrastructure during the second quarter valued at approximately $25,000. Strs Ohio acquired a new position in Solaris Energy Infrastructure in the 1st quarter valued at $28,000. US Bancorp DE purchased a new position in shares of Solaris Energy Infrastructure during the 1st quarter worth $38,000. Nisa Investment Advisors LLC boosted its holdings in shares of Solaris Energy Infrastructure by 17.8% during the second quarter. Nisa Investment Advisors LLC now owns 2,199 shares of the company’s stock worth $62,000 after purchasing an additional 333 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Solaris Energy Infrastructure during the first quarter worth $135,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Ktr Management Company, Llc sold 2,114,783 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $50.15, for a total transaction of $106,056,367.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Kyle S. Ramachandran purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, September 9th. The stock was bought at an average price of $25.00 per share, with a total value of $50,000.00. Following the acquisition, the chief financial officer 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. In the last quarter, insiders have sold 2,137,533 shares of company stock valued at $106,727,467. Company insiders own 21.20% of the company’s stock.

Solaris Energy Infrastructure Price Performance

Solaris Energy Infrastructure stock opened at $45.73 on Tuesday. The firm has a fifty day moving average of $44.87 and a 200-day moving average of $34.10. Solaris Energy Infrastructure, Inc. has a 52-week low of $14.27 and a 52-week high of $57.17. The company has a quick ratio of 2.28, a current ratio of 2.39 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $3.13 billion, a P/E ratio of 48.65 and a beta of 1.12.

Solaris Energy Infrastructure (NYSE:SEI) last announced its quarterly earnings results on Monday, November 3rd. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $142.82 million. As a group, analysts predict that Solaris Energy Infrastructure, Inc. will post 0.36 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on SEI shares. Raymond James Financial restated an “outperform” rating and issued a $38.00 price target (down previously from $39.00) on shares of Solaris Energy Infrastructure in a report on Wednesday, July 23rd. Citigroup raised their target price on shares of Solaris Energy Infrastructure from $38.00 to $56.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Zacks Research upgraded shares of Solaris Energy Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Monday, October 20th. Stifel Nicolaus reaffirmed a “buy” rating and set a $45.00 price target (up previously from $41.00) on shares of Solaris Energy Infrastructure in a research note on Friday, July 25th. Finally, Piper Sandler lifted their price target on shares of Solaris Energy Infrastructure from $50.00 to $65.00 and gave the company an “overweight” rating in a report on Monday. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Solaris Energy Infrastructure presently has a consensus rating of “Buy” and a consensus price target of $51.11.

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.