Solaris Energy Infrastructure (NASDAQ:SEI) Shares Gap Up – Here’s Why

Shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) gapped up before the market opened on Monday . The stock had previously closed at $22.47, but opened at $23.50. Solaris Energy Infrastructure shares last traded at $23.42, with a volume of 60,381 shares traded.

Analyst Ratings Changes

A number of equities analysts recently commented on SEI shares. Piper Sandler assumed coverage on Solaris Energy Infrastructure in a research note on Thursday, February 20th. They issued an “overweight” rating and a $37.00 price target for the company. Janney Montgomery Scott assumed coverage on Solaris Energy Infrastructure in a research report on Tuesday, February 25th. They issued a “buy” rating and a $57.00 target price for the company. Tudor, Pickering, Holt & Co. started coverage on Solaris Energy Infrastructure in a research report on Wednesday, January 22nd. They set a “buy” rating and a $41.00 price target on the stock. Tudor Pickering raised shares of Solaris Energy Infrastructure to a “strong-buy” rating in a report on Wednesday, January 22nd. Finally, Stifel Nicolaus increased their target price on shares of Solaris Energy Infrastructure from $42.00 to $48.00 and gave the stock a “buy” rating in a report on Monday, February 24th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Solaris Energy Infrastructure has a consensus rating of “Buy” and a consensus target price of $45.75.

Solaris Energy Infrastructure Stock Performance

The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 53.86 and a beta of 1.32. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.40 and a current ratio of 3.61. The company has a fifty day moving average of $27.93.

Solaris Energy Infrastructure Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, March 11th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $0.48 annualized dividend and a dividend yield of 2.03%. Solaris Energy Infrastructure’s dividend payout ratio is currently 97.96%.

Insider Buying and Selling at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, Director Laurie H. Argo purchased 4,000 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was bought at an average price of $22.43 per share, with a total value of $89,720.00. Following the completion of the purchase, the director now owns 46,064 shares in the company, valued at $1,033,215.52. This trade represents a 9.51 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 34.71% of the stock is owned by company insiders.

Institutional Investors Weigh In On Solaris Energy Infrastructure

A hedge fund recently bought a new stake in Solaris Energy Infrastructure stock. California State Teachers Retirement System purchased a new position in shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,822 shares of the company’s stock, valued at approximately $52,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

About Solaris Energy Infrastructure

Solaris Energy Infrastructure, Inc is a holding company, which engages in the manufacture of patented mobile proppant management systems that unload, store, and deliver proppant to oil and natural gas well sites. Its products include Mobile Proppant and Mobile Chemical Management Systems, and Inventory Management Software.