Rhumbline Advisers Purchases Shares of 44,209 Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)

Rhumbline Advisers acquired a new stake in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 44,209 shares of the company’s stock, valued at approximately $962,000. Rhumbline Advisers owned 0.07% of Solaris Energy Infrastructure as of its most recent filing with the Securities and Exchange Commission.

Separately, GAMMA Investing LLC purchased a new position in Solaris Energy Infrastructure in the first quarter valued at $435,000. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

Solaris Energy Infrastructure Stock Performance

Shares of SEI opened at $29.17 on Friday. The stock has a market capitalization of $1.97 billion, a P/E ratio of 66.30 and a beta of 1.11. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.40 and a current ratio of 3.61. Solaris Energy Infrastructure, Inc. has a 1 year low of $10.96 and a 1 year high of $39.03. The company’s fifty day moving average is $23.77 and its two-hundred day moving average is $25.79.

Solaris Energy Infrastructure Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SEI. Citigroup began coverage on Solaris Energy Infrastructure in a report on Thursday, May 22nd. They set a “buy” rating for the company. Vertical Research started coverage on Solaris Energy Infrastructure in a research report on Wednesday, May 14th. They set a “buy” rating and a $36.00 target price on the stock. Northland Securities began coverage on Solaris Energy Infrastructure in a research note on Tuesday, April 22nd. They set an “outperform” rating and a $37.00 target price for the company. Northland Capmk upgraded shares of Solaris Energy Infrastructure to a “strong-buy” rating in a research note on Tuesday, April 22nd. Finally, Janney Montgomery Scott initiated coverage on shares of Solaris Energy Infrastructure in a report on Tuesday, February 25th. They set a “buy” rating and a $57.00 price objective on the stock. 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, Solaris Energy Infrastructure presently has a consensus rating of “Buy” and a consensus price target of $42.56.

Insider Buying and Selling

In other Solaris Energy Infrastructure news, Director Aj Teague acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, May 23rd. The shares were purchased 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 directly owns 98,459 shares of the company’s stock, valued at approximately $2,635,747.43. The trade was a 1.03% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO William A. Zartler acquired 10,000 shares of the business’s stock in a transaction on Wednesday, May 21st. The stock was acquired at an average price of $21.78 per share, with a total value of $217,800.00. Following the transaction, the chief executive officer now directly owns 1,039,227 shares of the company’s stock, valued at $22,634,364.06. This represents a 0.97% increase in their position. The disclosure for this purchase can be found here. Insiders bought 12,000 shares of company stock valued at $267,150 over the last ninety days. Corporate insiders own 21.20% of the company’s stock.

Solaris Energy Infrastructure Profile

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.