Cwm LLC Sells 815 Shares of Solaris Energy Infrastructure, Inc. $SEI

Cwm LLC reduced its holdings in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 7.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,041 shares of the company’s stock after selling 815 shares during the quarter. Cwm LLC’s holdings in Solaris Energy Infrastructure were worth $284,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Encompass Capital Advisors LLC bought a new position in Solaris Energy Infrastructure in the 1st quarter valued at about $78,967,000. Driehaus Capital Management LLC purchased a new stake in shares of Solaris Energy Infrastructure in the first quarter worth approximately $44,073,000. Vanguard Group Inc. bought a new position in shares of Solaris Energy Infrastructure in the first quarter valued at approximately $35,060,000. Westwood Holdings Group Inc. purchased a new position in shares of Solaris Energy Infrastructure during the first quarter valued at approximately $29,298,000. Finally, Millennium Management LLC bought a new stake in Solaris Energy Infrastructure during the first quarter worth $24,335,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

Solaris Energy Infrastructure Price Performance

SEI opened at $50.90 on Monday. Solaris Energy Infrastructure, Inc. has a fifty-two week low of $12.78 and a fifty-two week high of $56.14. The firm has a 50-day moving average of $37.90 and a 200 day moving average of $30.52. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.98 and a current ratio of 3.11. The firm has a market cap of $3.44 billion, a P/E ratio of 86.27 and a beta of 1.12.

Solaris Energy Infrastructure (NYSE:SEI) last released its earnings results on Thursday, February 20th. The company reported $0.08 earnings per share for the quarter. Solaris Energy Infrastructure had a net margin of 4.99% and a return on equity of 7.66%. The firm had revenue of $75.02 million for the quarter. On average, research analysts expect that Solaris Energy Infrastructure, Inc. will post 0.36 EPS for the current year.

Wall Street Analyst Weigh In

SEI has been the topic of several recent analyst reports. Wall Street Zen upgraded Solaris Energy Infrastructure from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Raymond James Financial reissued an “outperform” rating and set a $38.00 price target (down from $39.00) on shares of Solaris Energy Infrastructure in a research report on Wednesday, July 23rd. Citigroup boosted their price target on shares of Solaris Energy Infrastructure from $38.00 to $56.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Piper Sandler decreased their price objective on shares of Solaris Energy Infrastructure from $51.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, August 20th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Solaris Energy Infrastructure in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $47.56.

Insider Transactions at Solaris Energy Infrastructure

In other news, CFO Kyle S. Ramachandran purchased 2,000 shares of the company’s stock in a transaction dated Tuesday, September 9th. The shares were purchased at an average price of $25.00 per share, with a total value of $50,000.00. Following the transaction, the chief financial officer directly owned 370,338 shares of the company’s stock, valued at approximately $9,258,450. This represents a 0.54% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William A. Zartler acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The stock was purchased at an average cost of $24.83 per share, with a total value of $248,300.00. Following the acquisition, the chief executive officer owned 1,049,227 shares in the company, valued at $26,052,306.41. The trade was a 0.96% increase in their position. The disclosure for this purchase can be found here. Company insiders own 21.20% of the company’s stock.

Solaris Energy Infrastructure Company 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.