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

Solaris Energy Infrastructure, Inc. (NYSE:SEI) was the recipient of unusually large options trading on Friday. Stock investors purchased 24,429 put options on the stock. This is an increase of 506% compared to the average daily volume of 4,033 put options.

Analyst Ratings Changes

Several research firms have recently commented on SEI. Raymond James Financial reiterated an “outperform” rating on shares of Solaris Energy Infrastructure in a research report on Tuesday, January 27th. Zacks Research cut Solaris Energy Infrastructure from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. UBS Group set a $65.00 price target on Solaris Energy Infrastructure in a research report on Tuesday, January 27th. Weiss Ratings reissued a “buy (b-)” rating on shares of Solaris Energy Infrastructure in a report on Monday, December 29th. Finally, Morgan Stanley assumed coverage on Solaris Energy Infrastructure in a research report on Tuesday, December 2nd. They set an “overweight” rating and a $68.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $56.10.

Insider Transactions at Solaris Energy Infrastructure

In other news, CEO Amanda M. Brock bought 3,669 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were bought at an average cost of $40.89 per share, for a total transaction of $150,025.41. Following the completion of the transaction, the chief executive officer owned 141,080 shares in the company, valued at $5,768,761.20. This trade represents a 2.67% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Cynthia M. Durrett sold 47,011 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $44.62, for a total value of $2,097,630.82. Following the completion of the transaction, the insider owned 131,152 shares of the company’s stock, valued at approximately $5,852,002.24. This represents a 26.39% decrease in their position. The SEC filing for this sale provides additional information. 21.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Cullen Frost Bankers Inc. purchased a new stake in Solaris Energy Infrastructure in the fourth quarter valued at approximately $28,000. Signaturefd LLC boosted its holdings in shares of Solaris Energy Infrastructure by 344.9% in the 4th quarter. Signaturefd LLC now owns 614 shares of the company’s stock valued at $28,000 after purchasing an additional 476 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Solaris Energy Infrastructure during the 3rd quarter valued at $31,000. Assetmark Inc. acquired a new stake in shares of Solaris Energy Infrastructure during the 2nd quarter worth $25,000. Finally, Larson Financial Group LLC raised its position in shares of Solaris Energy Infrastructure by 363.0% in the 3rd 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 period. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

Solaris Energy Infrastructure Trading Down 5.0%

Solaris Energy Infrastructure stock traded down $2.50 during trading on Friday, hitting $47.48. The company’s stock had a trading volume of 720,067 shares, compared to its average volume of 2,788,770. The stock’s fifty day moving average is $50.72 and its 200 day moving average is $44.58. Solaris Energy Infrastructure has a 1-year low of $14.27 and a 1-year high of $61.36. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of 50.51 and a beta of 1.14. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.28 and a current ratio of 2.39.

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.