Solaris Energy Infrastructure (NYSE:SEI) CEO Acquires $150,025.41 in Stock

Solaris Energy Infrastructure, Inc. (NYSE:SEI) CEO Amanda Brock purchased 3,669 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was bought at an average cost of $40.89 per share, with a total value of $150,025.41. Following the completion of the acquisition, the chief executive officer directly owned 141,080 shares of the company’s stock, valued at $5,768,761.20. This trade represents a 2.67% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Solaris Energy Infrastructure Stock Performance

Shares of NYSE SEI traded up $2.39 during midday trading on Thursday, reaching $43.03. 3,038,598 shares of the stock were exchanged, compared to its average volume of 2,197,525. 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 cap of $2.95 billion, a price-to-earnings ratio of 45.78 and a beta of 1.14. The firm has a 50-day simple moving average of $49.36 and a two-hundred day simple moving average of $37.74. Solaris Energy Infrastructure, Inc. has a twelve month low of $14.27 and a twelve month high of $57.17.

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, topping analysts’ consensus estimates of $0.24 by $0.08. The firm had revenue of $166.84 million for the quarter, compared to the consensus estimate of $142.82 million. Solaris Energy Infrastructure had a net margin of 7.02% and a return on equity of 9.38%. As a group, analysts anticipate that Solaris Energy Infrastructure, Inc. will post 0.36 EPS for the current fiscal year.

Institutional Investors Weigh In On Solaris Energy Infrastructure

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hudson Bay Capital Management LP purchased a new stake in Solaris Energy Infrastructure in the 3rd quarter valued at $1,204,000. Tudor Investment Corp ET AL boosted its position in shares of Solaris Energy Infrastructure by 18.1% during the 3rd quarter. Tudor Investment Corp ET AL now owns 468,187 shares of the company’s stock valued at $18,713,000 after acquiring an additional 71,796 shares during the last quarter. Penn Capital Management Company LLC grew its holdings in shares of Solaris Energy Infrastructure by 21.7% in the third quarter. Penn Capital Management Company LLC now owns 17,377 shares of the company’s stock valued at $695,000 after purchasing an additional 3,097 shares during the period. CIBC Private Wealth Group LLC acquired a new stake in Solaris Energy Infrastructure during the third quarter worth about $244,000. Finally, CIBC Bancorp USA Inc. acquired a new stake in Solaris Energy Infrastructure during the third quarter worth about $400,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

Analysts Set New Price Targets

SEI has been the subject of several recent analyst reports. Piper Sandler lifted their price target on Solaris Energy Infrastructure from $50.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, November 17th. Citigroup boosted their price objective on Solaris Energy Infrastructure from $38.00 to $56.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Barclays increased their target price on Solaris Energy Infrastructure from $44.00 to $61.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Zacks Research lowered shares of Solaris Energy Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Solaris Energy Infrastructure in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Solaris Energy Infrastructure currently has an average rating of “Buy” and an average target price of $52.80.

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.