Hiddenite Capital Partners LP Takes $13.99 Million Position in Solaris Energy Infrastructure, Inc. $SEI

Hiddenite Capital Partners LP bought a new position in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 350,000 shares of the company’s stock, valued at approximately $13,990,000. Solaris Energy Infrastructure makes up about 2.5% of Hiddenite Capital Partners LP’s investment portfolio, making the stock its 7th biggest position. Hiddenite Capital Partners LP owned 0.52% of Solaris Energy Infrastructure at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Goodlander Investment Management LLC acquired a new position in shares of Solaris Energy Infrastructure during the second quarter worth about $19,803,000. Honeycomb Asset Management LP purchased a new position in Solaris Energy Infrastructure in the second quarter worth approximately $19,011,000. Goldman Sachs Group Inc. purchased a new position in Solaris Energy Infrastructure in the first quarter worth approximately $13,714,000. Assenagon Asset Management S.A. grew its holdings in Solaris Energy Infrastructure by 1,014.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 395,554 shares of the company’s stock worth $15,810,000 after acquiring an additional 360,054 shares in the last quarter. Finally, Jump Financial LLC increased its position in shares of Solaris Energy Infrastructure by 68.0% in the 2nd quarter. Jump Financial LLC now owns 448,031 shares of the company’s stock valued at $12,675,000 after purchasing an additional 181,320 shares during the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Insider Transactions at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, Director Aj Teague bought 2,310 shares of Solaris Energy Infrastructure stock in a transaction dated Wednesday, December 17th. The stock was acquired at an average cost of $43.13 per share, with a total value of $99,630.30. Following the completion of the acquisition, the director owned 106,465 shares of the company’s stock, valued at approximately $4,591,835.45. This represents a 2.22% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Amanda M. Brock bought 3,669 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The shares were acquired at an average price of $40.89 per share, with a total value of $150,025.41. Following the purchase, the chief executive officer directly owned 141,080 shares of the company’s stock, valued at approximately $5,768,761.20. This trade represents a 2.67% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold 2,164,094 shares of company stock worth $108,255,773 over the last 90 days. Company insiders own 21.20% of the company’s stock.

Solaris Energy Infrastructure Stock Up 3.1%

Shares of NYSE SEI opened at $57.11 on Monday. The business has a 50-day moving average price of $48.35 and a 200 day moving average price of $40.99. The stock has a market cap of $3.91 billion, a PE ratio of 60.76 and a beta of 1.12. The company has a quick ratio of 2.28, a current ratio of 2.39 and a debt-to-equity ratio of 0.69. Solaris Energy Infrastructure, Inc. has a 52-week low of $14.27 and a 52-week high of $57.98.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Zacks Research downgraded shares of Solaris Energy Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Solaris Energy Infrastructure in a research report on Monday, December 29th. Morgan Stanley initiated coverage on Solaris Energy Infrastructure in a report on Tuesday, December 2nd. They issued an “overweight” rating and a $68.00 price objective on the stock. Barclays boosted their target price on Solaris Energy Infrastructure from $44.00 to $61.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th. Finally, Northland Securities set a $70.00 price target on shares of Solaris Energy Infrastructure in a research note on Monday, January 5th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $53.70.

About Solaris Energy Infrastructure

Solaris Energy Infrastructure Fund Inc (NYSE: SEI) is a closed-end management investment company that seeks to provide total return through a combination of current income and capital appreciation. The fund pursues its objective by investing primarily in equity securities of energy infrastructure companies, including master limited partnerships (MLPs) and other midstream entities. SEI is externally managed by Solaris Asset Management LP, a firm specializing in energy infrastructure investments.

The fund’s portfolio targets businesses involved in the gathering, processing, transportation, storage and terminalling of oil, natural gas and refined products.