Caprock Group LLC Purchases New Position in Solaris Energy Infrastructure, Inc. $SEI

Caprock Group LLC purchased a new stake in Solaris Energy Infrastructure, Inc. (NYSE:SEI) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,058 shares of the company’s stock, valued at approximately $642,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Westwood Holdings Group Inc. lifted its stake in shares of Solaris Energy Infrastructure by 11.8% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,504,738 shares of the company’s stock valued at $42,569,000 after purchasing an additional 158,338 shares during the period. Geode Capital Management LLC increased its holdings in Solaris Energy Infrastructure by 10.8% in the second quarter. Geode Capital Management LLC now owns 863,553 shares of the company’s stock valued at $24,433,000 after buying an additional 83,914 shares in the last quarter. Goodlander Investment Management LLC acquired a new position in shares of Solaris Energy Infrastructure in the second quarter worth about $19,803,000. Honeycomb Asset Management LP purchased a new stake in shares of Solaris Energy Infrastructure during the 2nd quarter worth about $19,011,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Solaris Energy Infrastructure during the 1st quarter valued at about $13,714,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

Solaris Energy Infrastructure Price Performance

Solaris Energy Infrastructure stock opened at $56.80 on Tuesday. The company has a fifty day simple moving average of $50.90 and a 200-day simple moving average of $44.34. The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of 60.43 and a beta of 1.14. 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 $61.36.

Insider Buying and Selling at Solaris Energy Infrastructure

In other news, Director Laurie H. Argo sold 2,300 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $44.25, for a total transaction of $101,775.00. Following the transaction, the director directly owned 50,039 shares in the company, valued at $2,214,225.75. The trade was a 4.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Amanda M. Brock acquired 3,669 shares of Solaris Energy Infrastructure stock in a transaction that occurred on Wednesday, December 17th. The shares were bought at an average price of $40.89 per share, for a total transaction of $150,025.41. Following the transaction, the chief executive officer owned 141,080 shares of the company’s stock, valued at $5,768,761.20. This represents a 2.67% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 21.20% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Raymond James Financial reaffirmed an “outperform” rating on shares of Solaris Energy Infrastructure in a report on Tuesday, January 27th. Zacks Research downgraded Solaris Energy Infrastructure from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. Morgan Stanley began coverage on Solaris Energy Infrastructure in a research report on Tuesday, December 2nd. They set an “overweight” rating and a $68.00 target price on the stock. Northland Securities set a $70.00 price target on shares of Solaris Energy Infrastructure in a report on Monday, January 5th. Finally, Piper Sandler upped their price objective on shares of Solaris Energy Infrastructure from $50.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, November 17th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $56.10.

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.