Solaris Energy Infrastructure (NYSE:SEI) Director Sells $101,775.00 in Stock

Solaris Energy Infrastructure, Inc. (NYSE:SEI) Director Laurie Argo sold 2,300 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $44.25, for a total value of $101,775.00. Following the completion of the transaction, the director directly owned 50,039 shares in the company, valued at $2,214,225.75. This trade represents a 4.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Solaris Energy Infrastructure Stock Up 5.9%

SEI traded up $2.39 during trading on Thursday, hitting $43.03. 3,038,598 shares of the company’s stock traded hands, compared to its average volume of 2,197,525. Solaris Energy Infrastructure, Inc. has a 12-month low of $14.27 and a 12-month high of $57.17. The company’s 50 day simple moving average is $49.36 and its two-hundred day simple moving average is $37.74. The company has a current ratio of 2.39, a quick ratio of 2.28 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of 45.78 and a beta of 1.14.

Solaris Energy Infrastructure (NYSE:SEI) last issued its earnings results on Monday, November 3rd. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.08. The business had revenue of $166.84 million during the quarter, compared to analyst estimates of $142.82 million. Solaris Energy Infrastructure had a return on equity of 9.38% and a net margin of 7.02%. Analysts predict that Solaris Energy Infrastructure, Inc. will post 0.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. bought a new stake in Solaris Energy Infrastructure during the 1st quarter valued at $35,060,000. Russell Investments Group Ltd. bought a new position in shares of Solaris Energy Infrastructure in the 1st quarter worth $1,695,000. Deutsche Bank AG purchased a new stake in shares of Solaris Energy Infrastructure during the 1st quarter worth $1,597,000. AE Wealth Management LLC boosted its position in Solaris Energy Infrastructure by 39.7% during the second quarter. AE Wealth Management LLC now owns 120,112 shares of the company’s stock valued at $3,398,000 after purchasing an additional 34,164 shares in the last quarter. Finally, Walleye Capital LLC bought a new stake in Solaris Energy Infrastructure during the first quarter valued at about $523,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on SEI shares. Piper Sandler raised their price target on Solaris Energy Infrastructure from $50.00 to $65.00 and gave the stock an “overweight” rating in a research note on Monday, November 17th. Zacks Research cut Solaris Energy Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Northland Securities set a $61.00 price target on shares of Solaris Energy Infrastructure in a research report on Thursday, October 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Solaris Energy Infrastructure in a research note on Monday. Finally, Barclays boosted their target price on shares of Solaris Energy Infrastructure from $44.00 to $61.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Two 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, the stock has a consensus rating of “Buy” and an average price target 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.