Solaris Energy Infrastructure (NASDAQ:SEI) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen downgraded shares of Solaris Energy Infrastructure (NASDAQ:SEI) from a hold rating to a sell rating in a report published on Wednesday morning.

A number of other equities research analysts have also commented on SEI. Raymond James Financial began coverage on Solaris Energy Infrastructure in a research report on Friday, June 13th. They issued an “outperform” rating and a $39.00 price target on the stock. Janney Montgomery Scott began coverage on Solaris Energy Infrastructure in a research report on Tuesday, February 25th. They set a “buy” rating and a $57.00 target price on the stock. Northland Securities began coverage on Solaris Energy Infrastructure in a research report on Tuesday, April 22nd. They set an “outperform” rating and a $37.00 target price on the stock. Northland Capmk upgraded Solaris Energy Infrastructure to a “strong-buy” rating in a research report on Tuesday, April 22nd. Finally, Vertical Research began 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. One investment analyst has rated the stock with a sell rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Solaris Energy Infrastructure currently has a consensus rating of “Buy” and a consensus target price of $42.56.

Solaris Energy Infrastructure Trading Down 3.3%

NASDAQ SEI opened at $27.41 on Wednesday. The business’s 50-day moving average price is $24.60 and its two-hundred day moving average price is $25.85. Solaris Energy Infrastructure has a 12 month low of $10.96 and a 12 month high of $39.03. The firm has a market capitalization of $1.85 billion, a PE ratio of 62.30 and a beta of 1.11. The company has a current ratio of 3.61, a quick ratio of 3.40 and a debt-to-equity ratio of 0.77.

Solaris Energy Infrastructure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Tuesday, June 3rd were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.75%. The ex-dividend date was Tuesday, June 3rd. Solaris Energy Infrastructure’s dividend payout ratio (DPR) is presently 97.96%.

Insider Transactions at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, CEO William A. Zartler purchased 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 21st. The stock was bought at an average cost of $21.78 per share, with a total value of $217,800.00. Following the completion of the transaction, the chief executive officer now owns 1,039,227 shares of the company’s stock, valued at $22,634,364.06. The trade was a 0.97% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Aj Teague bought 1,000 shares of the firm’s stock in a transaction on Friday, May 23rd. The stock was purchased at an average cost of $26.77 per share, with a total value of $26,770.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 12,000 shares of company stock valued at $267,150 over the last ninety days. 21.20% of the stock is currently owned by insiders.

Institutional Trading of Solaris Energy Infrastructure

A number of large investors have recently bought and sold shares of SEI. Encompass Capital Advisors LLC purchased a new stake in Solaris Energy Infrastructure in the first quarter worth $78,967,000. Driehaus Capital Management LLC purchased a new stake in Solaris Energy Infrastructure in the first quarter worth $44,073,000. Vanguard Group Inc. purchased a new position in shares of Solaris Energy Infrastructure in the first quarter valued at $35,060,000. Westwood Holdings Group Inc. purchased a new position in shares of Solaris Energy Infrastructure in the first quarter valued at $29,298,000. Finally, Millennium Management LLC purchased a new position in shares of Solaris Energy Infrastructure in the first quarter valued at $24,335,000. 67.44% of the stock is owned by hedge funds and other institutional investors.

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.