Central Asset Investments & Management Holdings HK Ltd Makes New $340,000 Investment in Solaris Energy Infrastructure, Inc. $SEI

Central Asset Investments & Management Holdings HK Ltd purchased a new position in Solaris Energy Infrastructure, Inc. (NYSE:SEI) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,400 shares of the company’s stock, valued at approximately $340,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Signaturefd LLC raised its holdings in shares of Solaris Energy Infrastructure by 344.9% during the fourth quarter. Signaturefd LLC now owns 614 shares of the company’s stock worth $28,000 after purchasing an additional 476 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Solaris Energy Infrastructure during the third quarter worth $31,000. Larson Financial Group LLC raised its holdings in shares of Solaris Energy Infrastructure by 363.0% during the third quarter. Larson Financial Group LLC now owns 1,014 shares of the company’s stock worth $41,000 after purchasing an additional 795 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Solaris Energy Infrastructure by 29.1% during the third quarter. Assetmark Inc. now owns 1,130 shares of the company’s stock worth $45,000 after purchasing an additional 255 shares during the last quarter. Finally, Strs Ohio purchased a new position in shares of Solaris Energy Infrastructure during the first quarter worth $28,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Insiders Place Their Bets

In other Solaris Energy Infrastructure news, major shareholder Ktr Management Company, Llc sold 2,000,000 shares of Solaris Energy Infrastructure stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $70.75, for a total transaction of $141,500,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Laurie H. Argo sold 5,200 shares of Solaris Energy Infrastructure stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $72.88, for a total transaction of $378,976.00. Following the transaction, the director directly owned 44,839 shares in the company, valued at $3,267,866.32. This trade represents a 10.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 4,099,593 shares of company stock worth $297,782,099. 20.23% of the stock is currently owned by insiders.

Analyst Ratings Changes

SEI has been the subject of a number of recent analyst reports. Piper Sandler lifted their price objective on shares of Solaris Energy Infrastructure from $65.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Raymond James Financial reaffirmed an “outperform” rating and issued a $82.00 price objective on shares of Solaris Energy Infrastructure in a report on Wednesday, April 29th. Stifel Nicolaus lifted their price objective on shares of Solaris Energy Infrastructure from $71.00 to $93.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Wells Fargo & Company lifted their price objective on shares of Solaris Energy Infrastructure from $71.00 to $82.00 and gave the company an “equal weight” rating in a report on Wednesday, April 29th. Finally, Wall Street Zen cut shares of Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Solaris Energy Infrastructure has a consensus rating of “Moderate Buy” and an average price target of $79.10.

Solaris Energy Infrastructure Stock Up 1.1%

Shares of NYSE SEI opened at $77.09 on Thursday. The firm has a market cap of $5.28 billion, a price-to-earnings ratio of 86.62 and a beta of 1.25. Solaris Energy Infrastructure, Inc. has a 52-week low of $21.22 and a 52-week high of $81.24. The company’s 50-day simple moving average is $62.65 and its 200-day simple moving average is $54.71. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 1.23.

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

Solaris Energy Infrastructure 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.