Advent International L.P. Makes New $40.25 Million Investment in Solaris Energy Infrastructure, Inc. $SEI

Advent International L.P. purchased a new stake in Solaris Energy Infrastructure, Inc. (NYSE:SEI) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,006,900 shares of the company’s stock, valued at approximately $40,246,000. Solaris Energy Infrastructure makes up about 0.8% of Advent International L.P.’s investment portfolio, making the stock its 17th largest holding. Advent International L.P. owned 1.47% of Solaris Energy Infrastructure as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Solaris Energy Infrastructure by 9.2% during the 3rd quarter. Vanguard Group Inc. now owns 2,664,870 shares of the company’s stock worth $106,515,000 after buying an additional 224,021 shares during the period. Westwood Holdings Group Inc. grew its stake in Solaris Energy Infrastructure by 11.8% in the second quarter. Westwood Holdings Group Inc. now owns 1,504,738 shares of the company’s stock valued at $42,569,000 after acquiring an additional 158,338 shares during the period. Van ECK Associates Corp grew its stake in Solaris Energy Infrastructure by 623.5% in the third quarter. Van ECK Associates Corp now owns 1,295,898 shares of the company’s stock valued at $51,797,000 after acquiring an additional 1,116,794 shares during the period. GW&K Investment Management LLC increased its holdings in shares of Solaris Energy Infrastructure by 12.5% during the third quarter. GW&K Investment Management LLC now owns 1,177,830 shares of the company’s stock valued at $47,078,000 after acquiring an additional 130,975 shares in the last quarter. Finally, Two Sigma Investments LP increased its holdings in shares of Solaris Energy Infrastructure by 88.9% during the third quarter. Two Sigma Investments LP now owns 1,007,320 shares of the company’s stock valued at $40,263,000 after acquiring an additional 474,087 shares in the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Solaris Energy Infrastructure Stock Performance

NYSE SEI opened at $52.18 on Friday. The company has a fifty day moving average price of $52.72 and a 200-day moving average price of $47.17. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of 73.49 and a beta of 1.13. The company has a debt-to-equity ratio of 1.37, a current ratio of 2.96 and a quick ratio of 2.87. Solaris Energy Infrastructure, Inc. has a 1 year low of $14.27 and a 1 year high of $61.36.

Solaris Energy Infrastructure (NYSE:SEI) last released its quarterly earnings results on Tuesday, February 24th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11. Solaris Energy Infrastructure had a net margin of 4.81% and a return on equity of 11.83%. The company had revenue of $179.70 million for the quarter. As a group, equities research analysts predict that Solaris Energy Infrastructure, Inc. will post 0.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SEI shares. Northland Securities set a $70.00 target price on Solaris Energy Infrastructure in a report on Monday, January 5th. UBS Group set a $65.00 price target on shares of Solaris Energy Infrastructure in a research note on Tuesday, January 27th. Morgan Stanley started coverage on shares of Solaris Energy Infrastructure in a report on Tuesday, December 2nd. They set an “overweight” rating and a $68.00 price objective on the stock. Citigroup dropped their price objective on shares of Solaris Energy Infrastructure from $62.00 to $61.00 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. Finally, Glj Research started coverage on shares of Solaris Energy Infrastructure in a report on Thursday, March 5th. They set a “buy” rating and a $60.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.10.

Insider Activity

In other Solaris Energy Infrastructure news, insider Cynthia M. Durrett sold 47,011 shares of Solaris Energy Infrastructure stock in a transaction that occurred on 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 transaction, the insider owned 131,152 shares of the company’s stock, valued at $5,852,002.24. This trade represents a 26.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Aj Teague purchased 2,310 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The shares were acquired at an average price of $43.13 per share, for a total transaction of $99,630.30. Following the completion of the acquisition, the director directly owned 106,465 shares of the company’s stock, valued at $4,591,835.45. This trade represents a 2.22% increase in their position. The SEC filing for this purchase provides additional information. 21.20% of the stock is currently owned by corporate insiders.

Solaris Energy Infrastructure 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.