Emerald Advisers LLC Sells 21,658 Shares of Solaris Energy Infrastructure, Inc. $SEI

Emerald Advisers LLC decreased its position in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 3.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 616,719 shares of the company’s stock after selling 21,658 shares during the quarter. Emerald Advisers LLC owned 0.91% of Solaris Energy Infrastructure worth $24,650,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Assetmark Inc. acquired a new position in shares of Solaris Energy Infrastructure in the 2nd quarter valued at approximately $25,000. Strs Ohio acquired a new position in Solaris Energy Infrastructure during the first quarter valued at approximately $28,000. Nisa Investment Advisors LLC lifted its stake in Solaris Energy Infrastructure by 17.8% during the second quarter. Nisa Investment Advisors LLC now owns 2,199 shares of the company’s stock worth $62,000 after purchasing an additional 333 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Solaris Energy Infrastructure by 2,227.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,746 shares of the company’s stock valued at $78,000 after purchasing an additional 2,628 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of Solaris Energy Infrastructure by 88.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,366 shares of the company’s stock valued at $95,000 after purchasing an additional 1,577 shares during the last quarter. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Solaris Energy Infrastructure

In related news, Director Laurie H. Argo sold 2,300 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $44.25, for a total value of $101,775.00. Following the sale, the director owned 50,039 shares of the company’s stock, valued at $2,214,225.75. The trade was a 4.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Amanda M. Brock bought 3,669 shares of the stock in a transaction that occurred on Wednesday, December 17th. The shares were bought at an average cost of $40.89 per share, with a total value of $150,025.41. Following the completion of the transaction, the chief executive officer owned 141,080 shares in the company, valued at $5,768,761.20. The trade was a 2.67% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold 2,164,094 shares of company stock valued at $108,255,773 in the last quarter. Insiders own 21.20% of the company’s stock.

Wall Street Analysts Forecast Growth

SEI has been the subject of several recent analyst reports. Zacks Research downgraded Solaris Energy Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Citigroup increased their target price 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. Weiss Ratings restated a “buy (b-)” rating on shares of Solaris Energy Infrastructure in a research note on Monday, December 29th. Barclays upped their price objective on shares of Solaris Energy Infrastructure from $44.00 to $61.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. Finally, Northland Securities set a $70.00 price objective on shares of Solaris Energy Infrastructure in a research note on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $55.11.

Solaris Energy Infrastructure Stock Performance

NYSE:SEI opened at $56.62 on Thursday. The stock’s 50-day moving average is $48.77 and its 200-day moving average is $41.43. Solaris Energy Infrastructure, Inc. has a 1-year low of $14.27 and a 1-year high of $59.80. 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 has a market cap of $3.88 billion, a P/E ratio of 60.23 and a beta of 1.12.

Solaris Energy Infrastructure (NYSE:SEI) last posted its 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. Solaris Energy Infrastructure had a net margin of 7.02% and a return on equity of 9.38%. The business had revenue of $166.84 million for the quarter, compared to the consensus estimate of $142.82 million. Equities research analysts anticipate that Solaris Energy Infrastructure, Inc. will post 0.36 earnings per share for the current year.

Solaris Energy Infrastructure Company Profile

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.