Gallacher Capital Management LLC Takes Position in Solaris Oilfield Infrastructure, Inc. (NYSE:SOI)

Gallacher Capital Management LLC purchased a new stake in Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) in the 1st quarter, Holdings Channel.com reports. The firm purchased 38,584 shares of the company’s stock, valued at approximately $335,000.

Several other hedge funds and other institutional investors have also modified their holdings of SOI. GSA Capital Partners LLP boosted its holdings in shares of Solaris Oilfield Infrastructure by 83.1% in the 3rd quarter. GSA Capital Partners LLP now owns 82,319 shares of the company’s stock valued at $878,000 after buying an additional 37,362 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Solaris Oilfield Infrastructure by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,683,678 shares of the company’s stock valued at $17,948,000 after buying an additional 11,006 shares during the period. First Hawaiian Bank bought a new stake in Solaris Oilfield Infrastructure in the 4th quarter valued at about $83,000. SG Americas Securities LLC lifted its position in Solaris Oilfield Infrastructure by 40.6% in the 4th quarter. SG Americas Securities LLC now owns 17,563 shares of the company’s stock valued at $140,000 after purchasing an additional 5,074 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in Solaris Oilfield Infrastructure in the 4th quarter valued at about $1,520,000. 67.44% of the stock is owned by institutional investors and hedge funds.

Solaris Oilfield Infrastructure Stock Performance

NYSE:SOI traded up $0.13 during mid-day trading on Friday, hitting $11.93. The stock had a trading volume of 283,129 shares, compared to its average volume of 368,609. The stock has a market capitalization of $525.16 million, a price-to-earnings ratio of 17.35 and a beta of 1.22. The company has a 50 day simple moving average of $8.76 and a 200-day simple moving average of $8.32. Solaris Oilfield Infrastructure, Inc. has a 52 week low of $6.59 and a 52 week high of $12.39. The company has a current ratio of 1.78, a quick ratio of 1.58 and a debt-to-equity ratio of 0.32.

Solaris Oilfield Infrastructure (NYSE:SOI) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. The firm had revenue of $67.89 million for the quarter, compared to the consensus estimate of $63.55 million. Solaris Oilfield Infrastructure had a net margin of 7.58% and a return on equity of 10.82%. On average, research analysts expect that Solaris Oilfield Infrastructure, Inc. will post 0.49 earnings per share for the current fiscal year.

Solaris Oilfield Infrastructure Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Friday, June 7th were given a dividend of $0.12 per share. The ex-dividend date was Friday, June 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.02%. Solaris Oilfield Infrastructure’s dividend payout ratio (DPR) is 70.59%.

Solaris Oilfield Infrastructure Company Profile

Solaris Oilfield Infrastructure, Inc designs and manufactures specialized equipment for oil and natural gas operators in the United States. The company provides mobile proppant and fluid management systems, as well as last mile logistics management services. It offers systems, mobilization, and last mile logistics services that are used to unload, store, and deliver proppant, water and/or chemicals at oil and natural gas well sites.