Solaris Energy Infrastructure, Inc. $SEI Position Lowered by Ranger Investment Management L.P.

Ranger Investment Management L.P. trimmed its holdings in Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 2.5% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 607,810 shares of the company’s stock after selling 15,403 shares during the quarter. Solaris Energy Infrastructure comprises approximately 2.5% of Ranger Investment Management L.P.’s portfolio, making the stock its 5th biggest position. Ranger Investment Management L.P.’s holdings in Solaris Energy Infrastructure were worth $34,347,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Solaris Energy Infrastructure by 9.3% during the 4th quarter. Vanguard Group Inc. now owns 2,913,632 shares of the company’s stock valued at $133,940,000 after acquiring an additional 248,762 shares during the period. Situational Awareness LP boosted its holdings in shares of Solaris Energy Infrastructure by 62.3% during the 4th quarter. Situational Awareness LP now owns 1,866,500 shares of the company’s stock valued at $85,803,000 after acquiring an additional 716,200 shares during the last quarter. Principal Financial Group Inc. grew 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 acquiring an additional 1,400,311 shares during the period. Advent International L.P. grew its stake in shares of Solaris Energy Infrastructure by 25.5% in the fourth quarter. Advent International L.P. now owns 1,263,809 shares of the company’s stock worth $58,097,000 after acquiring an additional 256,909 shares during the period. Finally, Jennison Associates LLC raised its holdings in shares of Solaris Energy Infrastructure by 215.1% during the first quarter. Jennison Associates LLC now owns 1,179,736 shares of the company’s stock valued at $66,667,000 after purchasing an additional 805,319 shares during the last quarter. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Ktr Management Company, Llc sold 2,000,000 shares of the business’s stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ray N. Walker, Jr. sold 56,841 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $72.11, for a total transaction of $4,098,804.51. Following the sale, the director owned 5,760 shares of the company’s stock, valued at $415,353.60. This trade represents a 90.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,099,593 shares of company stock valued at $297,782,099 in the last 90 days. 20.23% of the stock is owned by insiders.

Solaris Energy Infrastructure Trading Down 10.0%

Solaris Energy Infrastructure stock opened at $47.32 on Wednesday. The business has a 50-day simple moving average of $70.38 and a two-hundred day simple moving average of $63.17. The company has a market cap of $3.48 billion, a P/E ratio of 53.17 and a beta of 1.17. Solaris Energy Infrastructure, Inc. has a 52-week low of $24.57 and a 52-week high of $86.19. 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 quarterly earnings results on Monday, April 27th. The company reported $0.44 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $196.24 million during the quarter. Analysts predict that Solaris Energy Infrastructure, Inc. will post 1.01 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on SEI shares. Wells Fargo & Company increased 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 research report on Wednesday, April 29th. Northland Securities set a $104.00 target price on shares of Solaris Energy Infrastructure in a research report on Friday, June 12th. Zacks Research lowered shares of Solaris Energy Infrastructure from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 30th. Morgan Stanley boosted their target price on shares of Solaris Energy Infrastructure from $81.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, June 4th. Finally, Barclays increased their price target on Solaris Energy Infrastructure from $74.00 to $86.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Nine investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $86.25.

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.