Investors Buy High Volume of Put Options on Solaris Energy Infrastructure (NYSE:SEI)

Solaris Energy Infrastructure, Inc. (NYSE:SEI) was the target of some unusual options trading on Tuesday. Stock traders bought 30,774 put options on the company. This is an increase of approximately 743% compared to the typical volume of 3,652 put options.

Insiders Place Their Bets

In other Solaris Energy Infrastructure news, CFO Kyle S. Ramachandran bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The stock was bought at an average price of $25.00 per share, for a total transaction of $50,000.00. Following the completion of the acquisition, the chief financial officer directly owned 370,338 shares in the company, valued at $9,258,450. The trade was a 0.54% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Ktr Management Company, Llc sold 2,114,783 shares of Solaris Energy Infrastructure stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $50.15, for a total transaction of $106,056,367.45. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 2,137,533 shares of company stock worth $106,727,467. Insiders own 21.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SEI. Assetmark Inc. bought a new stake in shares of Solaris Energy Infrastructure during the second quarter valued at approximately $25,000. Strs Ohio bought a new stake in shares of Solaris Energy Infrastructure in the 1st quarter worth $28,000. US Bancorp DE bought a new stake in shares of Solaris Energy Infrastructure in the 1st quarter worth $38,000. Larson Financial Group LLC raised its stake in shares of Solaris Energy Infrastructure by 363.0% in the third quarter. Larson Financial Group LLC now owns 1,014 shares of the company’s stock worth $41,000 after purchasing an additional 795 shares during the last quarter. Finally, Chung Wu Investment Group LLC bought a new position in shares of Solaris Energy Infrastructure during the third quarter valued at $52,000. Institutional investors own 67.44% of the company’s stock.

Solaris Energy Infrastructure Trading Down 5.7%

NYSE SEI opened at $43.11 on Wednesday. Solaris Energy Infrastructure has a 12 month low of $14.27 and a 12 month high of $57.17. The company has a current ratio of 2.39, a quick ratio of 2.28 and a debt-to-equity ratio of 0.69. The stock’s fifty day moving average price is $45.23 and its 200-day moving average price is $34.24. The stock has a market cap of $2.95 billion, a P/E ratio of 45.86 and a beta of 1.12.

Solaris Energy Infrastructure (NYSE:SEI) last announced its quarterly earnings results on Monday, November 3rd. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.08. The company had revenue of $166.84 million for the quarter, compared to analysts’ expectations of $142.82 million. Solaris Energy Infrastructure had a net margin of 7.02% and a return on equity of 9.38%. As a group, equities analysts forecast that Solaris Energy Infrastructure will post 0.36 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on SEI. Weiss Ratings upgraded Solaris Energy Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Stifel Nicolaus restated a “buy” rating and set a $45.00 price target (up from $41.00) on shares of Solaris Energy Infrastructure in a research report on Friday, July 25th. Zacks Research upgraded Solaris Energy Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Monday, October 20th. Barclays raised their price objective on Solaris Energy Infrastructure from $44.00 to $61.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Finally, Northland Securities set a $61.00 target price on shares of Solaris Energy Infrastructure in a research report on Thursday, October 9th. Three research analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. Based on data from MarketBeat, Solaris Energy Infrastructure presently has an average rating of “Buy” and an average price target of $51.11.

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.