Solaris Energy Infrastructure Sees Unusually Large Options Volume (NYSE:SEI)

Solaris Energy Infrastructure, Inc. (NYSE:SEI) was the recipient of unusually large options trading on Friday. Traders purchased 24,429 put options on the stock. This is an increase of approximately 506% compared to the average volume of 4,033 put options.

Insider Transactions at Solaris Energy Infrastructure

In other news, insider Cynthia M. Durrett sold 47,011 shares of the stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $44.62, for a total transaction of $2,097,630.82. Following the sale, the insider owned 131,152 shares of the company’s stock, valued at approximately $5,852,002.24. This represents a 26.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Aj Teague acquired 2,310 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was acquired at an average price of $43.13 per share, with a total value of $99,630.30. Following the acquisition, the director directly owned 106,465 shares of the company’s stock, valued at approximately $4,591,835.45. This represents a 2.22% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 21.20% of the company’s stock.

Institutional Trading of Solaris Energy Infrastructure

Hedge funds have recently added to or reduced their stakes in the stock. Hiddenite Capital Partners LP acquired a new stake in shares of Solaris Energy Infrastructure in the 3rd quarter worth $13,990,000. CenterBook Partners LP raised its holdings in Solaris Energy Infrastructure by 513.1% during the third quarter. CenterBook Partners LP now owns 415,453 shares of the company’s stock worth $16,606,000 after purchasing an additional 347,693 shares in the last quarter. AE Wealth Management LLC lifted its position in Solaris Energy Infrastructure by 39.7% in the second quarter. AE Wealth Management LLC now owns 120,112 shares of the company’s stock valued at $3,398,000 after purchasing an additional 34,164 shares during the period. AGF Management Ltd. purchased a new stake in Solaris Energy Infrastructure in the 3rd quarter valued at approximately $6,613,000. Finally, Ardsley Advisory Partners LP acquired a new position in Solaris Energy Infrastructure during the 2nd quarter worth approximately $566,000. 67.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. 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 price target for the company. Barclays increased their price objective on Solaris Energy Infrastructure from $44.00 to $61.00 and gave the company an “overweight” rating in a research note on Wednesday, November 5th. Zacks Research cut Solaris Energy Infrastructure from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. UBS Group set a $65.00 price target on Solaris Energy Infrastructure in a report on Tuesday, January 27th. Finally, Northland Securities set a $70.00 price objective on Solaris Energy Infrastructure in a research note on Monday, January 5th. One research 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. According to MarketBeat.com, Solaris Energy Infrastructure has a consensus rating of “Moderate Buy” and a consensus target price of $56.10.

Solaris Energy Infrastructure Stock Down 1.5%

Shares of NYSE SEI opened at $49.24 on Friday. The business has a 50-day moving average price of $50.78 and a 200 day moving average price of $44.71. The stock has a market cap of $3.37 billion, a PE ratio of 52.38 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 has a 52-week low of $14.27 and a 52-week high of $61.36.

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.