Solaris Energy Infrastructure (NASDAQ:SEI) Stock Price Down 4.7% – Time to Sell?

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) dropped 4.7% during trading on Tuesday . The company traded as low as $27.70 and last traded at $27.73. Approximately 355,630 shares changed hands during trading, a decline of 67% from the average daily volume of 1,069,033 shares. The stock had previously closed at $29.10.

Analyst Ratings Changes

SEI has been the topic of several recent analyst reports. Piper Sandler upped their price objective on shares of Solaris Energy Infrastructure from $50.00 to $51.00 and gave the company an “overweight” rating in a research note on Wednesday, April 30th. Northland Securities began coverage on Solaris Energy Infrastructure in a research note on Tuesday, April 22nd. They issued an “outperform” rating and a $37.00 price target on the stock. Stifel Nicolaus increased their target price on Solaris Energy Infrastructure from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday, February 24th. Janney Montgomery Scott began coverage on Solaris Energy Infrastructure in a research note on Tuesday, February 25th. They set a “buy” rating and a $57.00 price target for the company. Finally, Vertical Research assumed coverage on Solaris Energy Infrastructure in a research note on Wednesday, May 14th. They issued a “buy” rating and a $36.00 price objective on the stock. Nine analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $43.00.

Solaris Energy Infrastructure Trading Down 12.7%

The business’s 50-day simple moving average is $22.12 and its two-hundred day simple moving average is $25.60. The company has a market capitalization of $1.72 billion, a PE ratio of 58.18 and a beta of 1.11. The company has a current ratio of 3.61, a quick ratio of 3.40 and a debt-to-equity ratio of 0.77.

Solaris Energy Infrastructure Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Tuesday, June 3rd will be paid a $0.12 dividend. The ex-dividend date is Tuesday, June 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.89%. Solaris Energy Infrastructure’s dividend payout ratio (DPR) is presently 97.96%.

Insider Activity at Solaris Energy Infrastructure

In related news, CEO William A. Zartler acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was purchased at an average cost of $21.78 per share, for a total transaction of $217,800.00. Following the purchase, the chief executive officer now directly owns 1,039,227 shares in the company, valued at $22,634,364.06. This represents a 0.97% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Aj Teague acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, May 23rd. The stock was purchased at an average cost of $26.77 per share, for a total transaction of $26,770.00. Following the acquisition, the director now owns 98,459 shares in the company, valued at approximately $2,635,747.43. This trade represents a 1.03% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 12,000 shares of company stock valued at $267,150. Corporate insiders own 21.20% of the company’s stock.

Institutional Investors Weigh In On Solaris Energy Infrastructure

Hedge funds and other institutional investors have recently modified their holdings of the stock. Strs Ohio acquired a new stake in shares of Solaris Energy Infrastructure in the first quarter valued at $28,000. Wayfinding Financial LLC bought a new position in shares of Solaris Energy Infrastructure in the first quarter valued at $29,000. US Bancorp DE acquired a new stake in shares of Solaris Energy Infrastructure during the 1st quarter valued at $38,000. California State Teachers Retirement System acquired a new position in shares of Solaris Energy Infrastructure in the 4th quarter worth $52,000. Finally, Nisa Investment Advisors LLC acquired a new stake in shares of Solaris Energy Infrastructure during the first quarter worth $41,000. 67.44% of the stock is currently owned by institutional investors.

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.