Invenomic Capital Management LP Acquires Shares of 415,420 Solaris Oilfield Infrastructure, Inc. (NYSE:SOI)

Invenomic Capital Management LP bought a new stake in shares of Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 415,420 shares of the company’s stock, valued at approximately $3,602,000. Invenomic Capital Management LP owned about 0.94% of Solaris Oilfield Infrastructure as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in SOI. Vanguard Group Inc. increased its holdings in Solaris Oilfield Infrastructure by 0.7% during the third 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. Assenagon Asset Management S.A. grew its stake in Solaris Oilfield Infrastructure by 318.7% during the 1st quarter. Assenagon Asset Management S.A. now owns 799,690 shares of the company’s stock valued at $6,933,000 after acquiring an additional 608,676 shares in the last quarter. RK Capital Management LLC grew its stake in Solaris Oilfield Infrastructure by 3.8% during the 4th quarter. RK Capital Management LLC now owns 721,200 shares of the company’s stock valued at $5,741,000 after acquiring an additional 26,500 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Solaris Oilfield Infrastructure by 0.7% in the 4th quarter. Victory Capital Management Inc. now owns 633,890 shares of the company’s stock valued at $5,046,000 after purchasing an additional 4,120 shares during the last quarter. Finally, Element Capital Management LLC acquired a new position in Solaris Oilfield Infrastructure in the 4th quarter valued at about $3,902,000. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

Solaris Oilfield Infrastructure Trading Down 0.1 %

Shares of SOI stock traded down $0.01 during trading hours on Wednesday, hitting $13.20. The company had a trading volume of 137,011 shares, compared to its average volume of 389,201. The stock has a market capitalization of $581.06 million, a PE ratio of 19.38 and a beta of 1.22. Solaris Oilfield Infrastructure, Inc. has a fifty-two week low of $6.59 and a fifty-two week high of $13.56. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.78 and a quick ratio of 1.58. The company’s fifty day moving average is $9.74 and its 200 day moving average is $8.80.

Solaris Oilfield Infrastructure Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 23rd will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend is Friday, August 23rd. Solaris Oilfield Infrastructure’s dividend payout ratio (DPR) is presently 70.59%.

Solaris Oilfield Infrastructure 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.