Stock Traders Buy Large Volume of Put Options on Solaris Energy Infrastructure (NYSE:SEI)

Solaris Energy Infrastructure, Inc. (NYSE:SEI) was the recipient of unusually large options trading activity on Tuesday. Investors acquired 6,835 put options on the company. This is an increase of 67% compared to the typical volume of 4,084 put options.

Solaris Energy Infrastructure Stock Up 6.7%

Shares of SEI stock opened at $56.39 on Wednesday. The firm’s fifty day moving average price is $54.43 and its two-hundred day moving average price is $49.97. The company has a current ratio of 2.96, a quick ratio of 2.87 and a debt-to-equity ratio of 1.37. Solaris Energy Infrastructure has a 1 year low of $14.27 and a 1 year high of $70.17. The firm has a market capitalization of $3.86 billion, a P/E ratio of 79.42 and a beta of 1.13.

Solaris Energy Infrastructure (NYSE:SEI) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.11. The company had revenue of $179.70 million during the quarter. Solaris Energy Infrastructure had a net margin of 4.81% and a return on equity of 11.83%. On average, equities analysts predict that Solaris Energy Infrastructure will post 0.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SEI. Morgan Stanley began coverage on Solaris Energy Infrastructure in a research note on Tuesday, December 2nd. They issued an “overweight” rating and a $68.00 price target on the stock. Wells Fargo & Company initiated coverage on Solaris Energy Infrastructure in a research report on Friday, March 20th. They set an “equal weight” rating and a $71.00 price objective for the company. Wall Street Zen downgraded Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. UBS Group set a $65.00 target price on Solaris Energy Infrastructure in a research report on Tuesday, January 27th. Finally, Weiss Ratings downgraded Solaris Energy Infrastructure from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Solaris Energy Infrastructure currently has an average rating of “Moderate Buy” and an average target price of $59.36.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Cullen Frost Bankers Inc. bought a new stake in shares of Solaris Energy Infrastructure during the 4th quarter worth approximately $28,000. Signaturefd LLC grew its stake in shares of Solaris Energy Infrastructure by 344.9% in the fourth quarter. Signaturefd LLC now owns 614 shares of the company’s stock valued at $28,000 after buying an additional 476 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Solaris Energy Infrastructure in the third quarter valued at $31,000. Larson Financial Group LLC increased its holdings in Solaris Energy Infrastructure by 363.0% during the third quarter. Larson Financial Group LLC now owns 1,014 shares of the company’s stock worth $41,000 after buying an additional 795 shares during the last quarter. Finally, Assetmark Inc. increased its holdings in Solaris Energy Infrastructure by 29.1% during the third quarter. Assetmark Inc. now owns 1,130 shares of the company’s stock worth $45,000 after buying an additional 255 shares during the last quarter. 67.44% of the stock is currently owned by institutional investors.

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.