Traders Buy Large Volume of Put Options on Solaris Energy Infrastructure (NYSE:SEI)

Solaris Energy Infrastructure, Inc. (NYSE:SEI) was the recipient of unusually large options trading activity on Friday. Traders acquired 24,429 put options on the company. This is an increase of approximately 506% compared to the typical volume of 4,033 put options.

Insider Activity at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, Director Laurie H. Argo sold 2,300 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $44.25, for a total value of $101,775.00. Following the sale, the director owned 50,039 shares of the company’s stock, valued at $2,214,225.75. The trade was a 4.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Cynthia M. Durrett sold 47,011 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $44.62, for a total value of $2,097,630.82. Following the transaction, the insider owned 131,152 shares of the company’s stock, valued at approximately $5,852,002.24. This represents a 26.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 21.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SEI. Hiddenite Capital Partners LP acquired a new position in shares of Solaris Energy Infrastructure during the 3rd quarter worth $13,990,000. CenterBook Partners LP boosted its holdings in Solaris Energy Infrastructure by 513.1% during the third quarter. CenterBook Partners LP now owns 415,453 shares of the company’s stock worth $16,606,000 after buying an additional 347,693 shares in the last quarter. AE Wealth Management LLC grew 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 worth $3,398,000 after buying an additional 34,164 shares during the period. AGF Management Ltd. purchased a new position in Solaris Energy Infrastructure in the third quarter valued at about $6,613,000. Finally, Ardsley Advisory Partners LP acquired a new stake in shares of Solaris Energy Infrastructure during the 2nd quarter valued at approximately $566,000. 67.44% of the stock is owned by hedge funds and other institutional investors.

Solaris Energy Infrastructure Stock Down 5.0%

Shares of SEI traded down $2.50 during mid-day trading on Friday, reaching $47.48. The company’s stock had a trading volume of 720,067 shares, compared to its average volume of 2,788,770. The stock has a market cap of $3.25 billion, a PE ratio of 50.51 and a beta of 1.14. Solaris Energy Infrastructure has a 12-month low of $14.27 and a 12-month high of $61.36. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.39 and a quick ratio of 2.28. The company’s 50 day moving average is $50.72 and its 200 day moving average is $44.58.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Piper Sandler boosted their price target on shares of 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 shares of Solaris Energy Infrastructure from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. Barclays increased their target price on shares of Solaris Energy Infrastructure from $44.00 to $61.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. Northland Securities set a $70.00 price target on shares of Solaris Energy Infrastructure in a research note on Monday, January 5th. Finally, UBS Group set a $65.00 price objective on Solaris Energy Infrastructure in a research report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $56.10.

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.