GAMMA Investing LLC Takes $435,000 Position in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)

GAMMA Investing LLC bought a new stake in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 19,976 shares of the company’s stock, valued at approximately $435,000.

Separately, California State Teachers Retirement System purchased a new position in Solaris Energy Infrastructure during the fourth quarter valued at $52,000. 67.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SEI. Janney Montgomery Scott began coverage on Solaris Energy Infrastructure in a research note on Tuesday, February 25th. They set a “buy” rating and a $57.00 price objective for the company. Barclays began coverage on Solaris Energy Infrastructure in a research note on Friday, June 6th. They set an “overweight” rating and a $42.00 price objective for the company. Northland Capmk upgraded Solaris Energy Infrastructure to a “strong-buy” rating in a research note on Tuesday, April 22nd. Stifel Nicolaus lifted their target price on Solaris Energy Infrastructure from $42.00 to $48.00 and gave the stock a “buy” rating in a report on Monday, February 24th. Finally, Northland Securities assumed coverage on Solaris Energy Infrastructure in a report on Tuesday, April 22nd. They issued an “outperform” rating and a $37.00 target price for the company. Ten analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Solaris Energy Infrastructure presently has an average rating of “Buy” and a consensus price target of $42.56.

Solaris Energy Infrastructure Stock Performance

Shares of SEI opened at $29.17 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.61 and a quick ratio of 3.40. Solaris Energy Infrastructure, Inc. has a one year low of $10.96 and a one year high of $39.03. The firm has a market capitalization of $1.97 billion, a P/E ratio of 66.30 and a beta of 1.11. The business has a fifty day moving average of $23.77 and a 200 day moving average of $25.79.

Solaris Energy Infrastructure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Tuesday, June 3rd were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend was Tuesday, June 3rd. Solaris Energy Infrastructure’s dividend payout ratio is presently 97.96%.

Insider Buying and Selling at Solaris Energy Infrastructure

In related news, Director Aj Teague purchased 1,000 shares of the business’s stock in a transaction on Friday, May 23rd. The stock was acquired at an average price of $26.77 per share, with a total value of $26,770.00. Following the completion of the acquisition, the director now owns 98,459 shares of the company’s stock, valued at approximately $2,635,747.43. This trade represents a 1.03% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO William A. Zartler purchased 10,000 shares of the business’s stock in a transaction on Wednesday, May 21st. The shares were bought at an average cost of $21.78 per share, with a total value of $217,800.00. Following the acquisition, the chief executive officer now directly owns 1,039,227 shares of the company’s stock, valued at $22,634,364.06. This trade represents a 0.97% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 12,000 shares of company stock valued at $267,150. Company insiders own 21.20% 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.