Solaris Energy Infrastructure (NASDAQ:SEI) Shares Gap Up – Here’s What Happened

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) shares gapped up prior to trading on Monday . The stock had previously closed at $22.47, but opened at $23.50. Solaris Energy Infrastructure shares last traded at $23.42, with a volume of 60,381 shares traded.

Wall Street Analyst Weigh In

Several research analysts have commented on SEI shares. Tudor, Pickering, Holt & Co. started coverage on shares of Solaris Energy Infrastructure in a research note on Wednesday, January 22nd. They set a “buy” rating and a $41.00 price target on the stock. Piper Sandler started coverage on shares of Solaris Energy Infrastructure in a research note on Thursday, February 20th. They set an “overweight” rating and a $37.00 price target on the stock. Janney Montgomery Scott started coverage on shares of Solaris Energy Infrastructure in a research note on Tuesday, February 25th. They set a “buy” rating and a $57.00 price target on the stock. Tudor Pickering raised shares of Solaris Energy Infrastructure to a “strong-buy” rating in a research note on Wednesday, January 22nd. Finally, Stifel Nicolaus lifted their price target on shares of Solaris Energy Infrastructure from $42.00 to $48.00 and gave the stock a “buy” rating in a research note on Monday, February 24th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Solaris Energy Infrastructure presently has a consensus rating of “Buy” and an average price target of $45.75.

Solaris Energy Infrastructure Price Performance

The company has a debt-to-equity ratio of 0.77, a current ratio of 3.61 and a quick ratio of 3.40. The company has a 50 day simple moving average of $28.14. The stock has a market capitalization of $1.59 billion, a P/E ratio of 53.70 and a beta of 1.32.

Solaris Energy Infrastructure Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, March 11th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.03%. The ex-dividend date was Tuesday, March 11th. Solaris Energy Infrastructure’s payout ratio is 97.96%.

Insider Activity at Solaris Energy Infrastructure

In related news, Director Laurie H. Argo purchased 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average price of $22.43 per share, for a total transaction of $89,720.00. Following the completion of the acquisition, the director now directly owns 46,064 shares in the company, valued at approximately $1,033,215.52. The trade was a 9.51 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 34.71% of the stock is currently owned by company insiders.

Institutional Trading of Solaris Energy Infrastructure

A hedge fund recently bought a new stake in Solaris Energy Infrastructure stock. California State Teachers Retirement System bought a new stake in shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,822 shares of the company’s stock, valued at approximately $52,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

About Solaris Energy Infrastructure

Solaris Energy Infrastructure, Inc is a holding company, which engages in the manufacture of patented mobile proppant management systems that unload, store, and deliver proppant to oil and natural gas well sites. Its products include Mobile Proppant and Mobile Chemical Management Systems, and Inventory Management Software.