1,866 Shares in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC acquired a new position in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,866 shares of the company’s stock, valued at approximately $41,000.

Other hedge funds also recently added to or reduced their stakes in the company. Acuitas Investments LLC purchased a new position in Solaris Energy Infrastructure in the first quarter valued at $3,728,000. U.S. Capital Wealth Advisors LLC purchased a new position in Solaris Energy Infrastructure in the first quarter valued at $267,000. GAMMA Investing LLC purchased a new position in Solaris Energy Infrastructure in the first quarter valued at $435,000. Congress Asset Management Co. purchased a new position in Solaris Energy Infrastructure in the first quarter valued at $4,379,000. Finally, Assenagon Asset Management S.A. purchased a new position in Solaris Energy Infrastructure in the first quarter valued at $772,000. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Solaris Energy Infrastructure

In related news, Director Aj Teague purchased 1,000 shares of Solaris Energy Infrastructure stock in a transaction dated Friday, May 23rd. The stock was bought at an average price of $26.77 per share, for a total transaction of $26,770.00. Following the completion of the acquisition, the director directly owned 98,459 shares of the company’s stock, valued at $2,635,747.43. This represents a 1.03% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 acquired at an average cost of $21.78 per share, for a total transaction of $217,800.00. Following the completion of the transaction, the chief executive officer directly owned 1,039,227 shares in the company, valued at approximately $22,634,364.06. This represents a 0.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 12,000 shares of company stock valued at $267,150 in the last ninety days. Insiders own 21.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on SEI. Stifel Nicolaus cut their price objective on Solaris Energy Infrastructure from $45.00 to $41.00 and set a “buy” rating for the company in a research report on Wednesday. Piper Sandler lifted their price objective on Solaris Energy Infrastructure from $50.00 to $51.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 30th. Citigroup initiated coverage on Solaris Energy Infrastructure in a research report on Thursday, May 22nd. They set a “buy” rating for the company. Barclays initiated coverage on shares of Solaris Energy Infrastructure in a research note on Friday, June 6th. They set an “overweight” rating and a $42.00 price target on the stock. Finally, Wall Street Zen cut shares of Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a research note on Wednesday, June 25th. One investment analyst has rated the stock with a sell rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $41.78.

Solaris Energy Infrastructure Price Performance

Shares of SEI stock opened at $29.15 on Friday. Solaris Energy Infrastructure, Inc. has a 1 year low of $10.96 and a 1 year high of $39.03. The firm’s 50 day moving average is $27.89 and its 200-day moving average is $26.09. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 66.25 and a beta of 1.09. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Tuesday, June 3rd were paid a $0.12 dividend. 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 payout ratio is presently 97.96%.

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.