Solaris Energy Infrastructure, Inc. $SEI Holdings Decreased by SG Americas Securities LLC

SG Americas Securities LLC trimmed its holdings in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 43.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,369 shares of the company’s stock after selling 10,193 shares during the period. SG Americas Securities LLC’s holdings in Solaris Energy Infrastructure were worth $534,000 as of its most recent filing with the Securities and Exchange Commission.

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

Solaris Energy Infrastructure Price Performance

Shares of NYSE:SEI opened at $53.99 on Friday. The firm has a market capitalization of $3.70 billion, a PE ratio of 57.44 and a beta of 1.12. The company has a current ratio of 2.39, a quick ratio of 2.28 and a debt-to-equity ratio of 0.69. Solaris Energy Infrastructure, Inc. has a 1-year low of $14.27 and a 1-year high of $59.80. The business’s 50 day moving average is $49.18 and its 200-day moving average is $41.69.

Solaris Energy Infrastructure (NYSE:SEI) last issued 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 return on equity of 9.38% and a net margin of 7.02%.The firm had revenue of $166.84 million during the quarter, compared to analysts’ expectations of $142.82 million. Sell-side analysts predict that Solaris Energy Infrastructure, Inc. will post 0.36 earnings per share for the current year.

Insider Buying and Selling at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, CEO Amanda M. Brock purchased 3,669 shares of the business’s stock in a transaction on Wednesday, December 17th. The stock was purchased at an average price of $40.89 per share, for a total transaction of $150,025.41. Following the completion of the purchase, the chief executive officer directly owned 141,080 shares in the company, valued at approximately $5,768,761.20. This trade represents a 2.67% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Cynthia M. Durrett sold 47,011 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $44.62, for a total value of $2,097,630.82. Following the completion of the sale, the insider owned 131,152 shares in the company, valued at approximately $5,852,002.24. This represents a 26.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,164,094 shares of company stock worth $108,255,773 in the last 90 days. 21.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have commented on the company. Piper Sandler boosted their target price on Solaris Energy Infrastructure from $50.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, November 17th. Citigroup boosted their price target on Solaris Energy Infrastructure from $38.00 to $56.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Zacks Research lowered shares of Solaris Energy Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Morgan Stanley started coverage on shares of Solaris Energy Infrastructure in a research report on Tuesday, December 2nd. They issued an “overweight” rating and a $68.00 target price for the company. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Solaris Energy Infrastructure in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $55.11.

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.