Versor Investments LP Invests $378,000 in Solaris Energy Infrastructure, Inc. $SEI

Versor Investments LP acquired a new position in Solaris Energy Infrastructure, Inc. (NYSE:SEI) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,226 shares of the company’s stock, valued at approximately $378,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. F m Investments LLC purchased a new stake in shares of Solaris Energy Infrastructure in the fourth quarter worth approximately $472,000. Maxi Investments CY Ltd purchased a new stake in shares of Solaris Energy Infrastructure in the fourth quarter worth approximately $4,765,000. MGO One Seven LLC purchased a new stake in shares of Solaris Energy Infrastructure in the fourth quarter worth approximately $237,000. Principal Financial Group Inc. raised its stake in shares of Solaris Energy Infrastructure by 2,120.7% in the fourth quarter. Principal Financial Group Inc. now owns 1,466,343 shares of the company’s stock worth $67,408,000 after purchasing an additional 1,400,311 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC purchased a new stake in shares of Solaris Energy Infrastructure in the fourth quarter worth approximately $427,000. 67.44% of the stock is owned by hedge funds and other institutional investors.

Solaris Energy Infrastructure Stock Performance

NYSE:SEI opened at $77.99 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.11 and a quick ratio of 1.07. The business has a fifty day simple moving average of $63.26 and a two-hundred day simple moving average of $54.90. Solaris Energy Infrastructure, Inc. has a 1 year low of $21.22 and a 1 year high of $81.24. The company has a market capitalization of $5.34 billion, a P/E ratio of 87.63 and a beta of 1.25.

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

Insiders Place Their Bets

In other Solaris Energy Infrastructure news, insider Christopher M. Powell sold 36,852 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $74.63, for a total value of $2,750,264.76. Following the completion of the sale, the insider directly owned 114,117 shares of the company’s stock, valued at $8,516,551.71. This trade represents a 24.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Laurie H. Argo sold 5,200 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $72.88, for a total value of $378,976.00. Following the completion of the sale, the director directly owned 44,839 shares of the company’s stock, valued at $3,267,866.32. This represents a 10.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 4,099,593 shares of company stock valued at $297,782,099. Company insiders own 20.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SEI. Northland Securities set a $86.00 price target on Solaris Energy Infrastructure in a research report on Thursday, April 30th. Wall Street Zen downgraded Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Barclays increased their price target on Solaris Energy Infrastructure from $74.00 to $86.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Zacks Research raised Solaris Energy Infrastructure from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 12th. Finally, Weiss Ratings raised Solaris Energy Infrastructure from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Solaris Energy Infrastructure currently has a consensus rating of “Moderate Buy” and an average price target of $79.10.

Solaris Energy Infrastructure Company 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.