Dymon Asia Capital Singapore PTE. LTD. Takes $1.77 Million Position in Solaris Energy Infrastructure, Inc. $SEI

Dymon Asia Capital Singapore PTE. LTD. purchased a new stake in Solaris Energy Infrastructure, Inc. (NYSE:SEI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 38,494 shares of the company’s stock, valued at approximately $1,770,000.

A number of other large investors also recently made changes to their positions in SEI. Principal Financial Group Inc. lifted its stake in shares of Solaris Energy Infrastructure by 2,120.7% in the 4th quarter. Principal Financial Group Inc. now owns 1,466,343 shares of the company’s stock valued at $67,408,000 after purchasing an additional 1,400,311 shares during the period. Van ECK Associates Corp lifted its stake in shares of Solaris Energy Infrastructure by 623.5% in the 3rd quarter. Van ECK Associates Corp now owns 1,295,898 shares of the company’s stock valued at $51,797,000 after purchasing an additional 1,116,794 shares during the period. Advent International L.P. acquired a new position in shares of Solaris Energy Infrastructure in the 3rd quarter valued at $40,246,000. Ceredex Value Advisors LLC acquired a new position in shares of Solaris Energy Infrastructure in the 3rd quarter valued at $35,050,000. Finally, Situational Awareness LP lifted its stake in shares of Solaris Energy Infrastructure by 62.3% in the 4th quarter. Situational Awareness LP now owns 1,866,500 shares of the company’s stock valued at $85,803,000 after purchasing an additional 716,200 shares during the period. Institutional investors and hedge funds own 67.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on SEI shares. Citigroup increased their price target on Solaris Energy Infrastructure from $61.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Glj Research started coverage on Solaris Energy Infrastructure in a research note on Thursday, March 5th. They issued a “buy” rating and a $60.00 price target on the stock. Weiss Ratings raised Solaris Energy Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Barclays upped their price objective on shares of Solaris Energy Infrastructure from $74.00 to $86.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Finally, Morgan Stanley upped their price objective on shares of Solaris Energy Infrastructure from $81.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, June 4th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Solaris Energy Infrastructure presently has an average rating of “Moderate Buy” and a consensus price target of $81.80.

Solaris Energy Infrastructure Price Performance

SEI opened at $73.88 on Friday. 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, Inc. has a 12 month low of $24.57 and a 12 month high of $81.24. The company has a fifty day simple moving average of $69.70 and a 200 day simple moving average of $58.30. The stock has a market cap of $5.43 billion, a P/E ratio of 83.01 and a beta of 1.19.

Solaris Energy Infrastructure (NYSE:SEI) last released its quarterly earnings data 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 net margin of 6.69% and a return on equity of 13.33%. The business had revenue of $196.24 million during the quarter. On average, research analysts expect that Solaris Energy Infrastructure, Inc. will post 1.26 EPS for the current year.

Insiders Place Their Bets

In other Solaris Energy Infrastructure news, Director Laurie H. Argo sold 5,200 shares of the 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 completion of the transaction, the director owned 44,839 shares in the company, valued at approximately $3,267,866.32. This represents a 10.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Aj Teague bought 2,750 shares of the stock in a transaction on Friday, May 8th. The shares were purchased at an average price of $72.98 per share, with a total value of $200,695.00. Following the acquisition, the director owned 11,060 shares in the company, valued at approximately $807,158.80. This represents a 33.09% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold 4,099,593 shares of company stock worth $297,782,099 over the last 90 days. 20.23% of the stock is currently owned by corporate insiders.

About Solaris Energy Infrastructure

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.