Quantbot Technologies LP Increases Stock Position in Solaris Energy Infrastructure, Inc. $SEI

Quantbot Technologies LP lifted its holdings in Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 36.2% in the third quarter, HoldingsChannel reports. The firm owned 161,433 shares of the company’s stock after purchasing an additional 42,900 shares during the quarter. Quantbot Technologies LP’s holdings in Solaris Energy Infrastructure were worth $6,452,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of SEI. Assetmark Inc. bought a new position in shares of Solaris Energy Infrastructure during the second quarter valued at approximately $25,000. Chung Wu Investment Group LLC bought a new position in shares of Solaris Energy Infrastructure in the 3rd quarter worth $52,000. Strs Ohio purchased a new stake in Solaris Energy Infrastructure during the first quarter valued at approximately $28,000. Nisa Investment Advisors LLC increased its position in Solaris Energy Infrastructure by 17.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,199 shares of the company’s stock valued at $62,000 after buying an additional 333 shares in the last quarter. Finally, AlphaQuest LLC acquired a new position in shares of Solaris Energy Infrastructure during the third quarter valued at about $105,000. Institutional investors own 67.44% of the company’s stock.

Insider Transactions at Solaris Energy Infrastructure

In related news, Director Laurie H. Argo sold 2,300 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $44.25, for a total transaction of $101,775.00. Following the transaction, the director owned 50,039 shares of the company’s stock, 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 is available through this link. Also, Director Aj Teague acquired 2,310 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were purchased at an average price of $43.13 per share, with a total value of $99,630.30. Following the transaction, the director owned 106,465 shares in the company, valued at $4,591,835.45. The trade was a 2.22% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 21.20% of the stock is owned by insiders.

Solaris Energy Infrastructure Stock Performance

NYSE:SEI opened at $49.60 on Friday. The company has a fifty day simple moving average of $51.66 and a two-hundred day simple moving average of $45.55. The company has a quick ratio of 2.28, a current ratio of 2.39 and a debt-to-equity ratio of 0.69. Solaris Energy Infrastructure, Inc. has a 52 week low of $14.27 and a 52 week high of $61.36. The company has a market cap of $3.40 billion, a price-to-earnings ratio of 69.86 and a beta of 1.14.

Solaris Energy Infrastructure (NYSE:SEI) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11. Solaris Energy Infrastructure had a net margin of 4.81% and a return on equity of 12.06%. The company had revenue of $179.70 million for the quarter. As a group, equities analysts anticipate that Solaris Energy Infrastructure, Inc. will post 0.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on SEI shares. UBS Group set a $65.00 price objective on Solaris Energy Infrastructure in a research note on Tuesday, January 27th. Piper Sandler increased their target price 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. Northland Securities set a $70.00 price target on shares of Solaris Energy Infrastructure in a research note on Monday, January 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Solaris Energy Infrastructure in a report on Monday, December 29th. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Solaris Energy Infrastructure in a report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Solaris Energy Infrastructure presently has an average rating of “Moderate Buy” and a consensus target price of $56.22.

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.