Insider Selling: Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) Director Sells $133,760.00 in Stock

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) Director James R. Burke sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $16.72, for a total transaction of $133,760.00. Following the transaction, the director now directly owns 16,277 shares of the company’s stock, valued at $272,151.44. This represents a 32.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Solaris Energy Infrastructure Price Performance

NASDAQ:SEI opened at $18.22 on Friday. Solaris Energy Infrastructure, Inc. has a 1-year low of $6.59 and a 1-year high of $18.75. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.61 and a quick ratio of 1.10. The firm has a market capitalization of $801.68 million, a P/E ratio of 34.27 and a beta of 1.22.

Solaris Energy Infrastructure (NASDAQ:SEI) last released its earnings results on Monday, November 4th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.06). Solaris Energy Infrastructure had a net margin of 4.80% and a return on equity of 6.66%. The firm had revenue of $75.02 million during the quarter, compared to the consensus estimate of $76.50 million. During the same period in the prior year, the business posted $0.19 earnings per share. As a group, equities research analysts predict that Solaris Energy Infrastructure, Inc. will post 0.35 earnings per share for the current fiscal year.

Solaris Energy Infrastructure Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, December 6th will be paid a $0.12 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.48 annualized dividend and a dividend yield of 2.63%. Solaris Energy Infrastructure’s dividend payout ratio is presently 109.09%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Stifel Nicolaus raised their price target on shares of Solaris Energy Infrastructure from $15.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Pickering Energy Partners raised shares of Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a research note on Wednesday, November 6th.

About Solaris Energy Infrastructure

Solaris Oilfield Infrastructure, Inc designs and manufactures specialized equipment for oil and natural gas operators in the United States. The company provides mobile proppant and fluid management systems, as well as last mile logistics management services. It offers systems, mobilization, and last mile logistics services that are used to unload, store, and deliver proppant, water and/or chemicals at oil and natural gas well sites.