Solaris Energy Infrastructure, Inc. $SEI Shares Purchased by Penn Capital Management Company LLC

Penn Capital Management Company LLC boosted its position in Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 1,559.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 288,343 shares of the company’s stock after purchasing an additional 270,966 shares during the quarter. Penn Capital Management Company LLC’s holdings in Solaris Energy Infrastructure were worth $13,269,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SEI. Royal Bank of Canada acquired a new position in Solaris Energy Infrastructure in the 1st quarter valued at $477,000. AQR Capital Management LLC acquired a new position in Solaris Energy Infrastructure in the 1st quarter valued at $2,475,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Solaris Energy Infrastructure in the 1st quarter valued at $396,000. Goldman Sachs Group Inc. acquired a new position in Solaris Energy Infrastructure in the 1st quarter valued at $13,714,000. Finally, Strs Ohio acquired a new position in Solaris Energy Infrastructure in the 1st quarter valued at $28,000. 67.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Solaris Energy Infrastructure news, CAO Christopher P. Wirtz sold 700 shares of Solaris Energy Infrastructure stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $77.22, for a total value of $54,054.00. Following the sale, the chief accounting officer owned 36,085 shares in the company, valued at $2,786,483.70. The trade was a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Laurie H. Argo sold 5,200 shares of Solaris Energy Infrastructure stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $72.88, for a total value of $378,976.00. Following the completion of the sale, the director owned 44,839 shares in the company, valued at $3,267,866.32. This represents a 10.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 4,099,593 shares of company stock valued at $297,782,099. 20.23% of the stock is currently owned by company insiders.

Solaris Energy Infrastructure Stock Performance

Shares of Solaris Energy Infrastructure stock opened at $75.42 on Wednesday. The business’s 50 day moving average price is $66.82 and its 200 day moving average price is $56.12. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.07 and a current ratio of 1.11. The company has a market cap of $5.16 billion, a price-to-earnings ratio of 84.74 and a beta of 1.25. Solaris Energy Infrastructure, Inc. has a one year low of $24.57 and a one year high of $81.24.

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

Analyst Ratings Changes

Several research analysts recently commented on the company. Piper Sandler increased their price objective on Solaris Energy Infrastructure from $65.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. Raymond James Financial reiterated an “outperform” rating and set a $82.00 price objective on shares of Solaris Energy Infrastructure in a research report on Wednesday, April 29th. Wall Street Zen downgraded Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Barclays lifted their price objective on Solaris Energy Infrastructure from $74.00 to $86.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Finally, Glj Research started coverage on Solaris Energy Infrastructure in a research report on Thursday, March 5th. They set a “buy” rating and a $60.00 price objective on the stock. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Solaris Energy Infrastructure presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.10.

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.