Kennedy Capital Management LLC Raises Stake in Solaris Energy Infrastructure, Inc. $SEI

Kennedy Capital Management LLC raised its holdings in Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 8.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 286,112 shares of the company’s stock after purchasing an additional 21,302 shares during the quarter. Kennedy Capital Management LLC owned about 0.42% of Solaris Energy Infrastructure worth $8,094,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in SEI. Assetmark Inc. acquired a new position in Solaris Energy Infrastructure in the 2nd quarter valued at about $25,000. Strs Ohio purchased a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at approximately $28,000. US Bancorp DE purchased a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at approximately $38,000. Nisa Investment Advisors LLC increased its holdings in shares of Solaris Energy Infrastructure by 17.8% in the second quarter. Nisa Investment Advisors LLC now owns 2,199 shares of the company’s stock valued at $62,000 after purchasing an additional 333 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Solaris Energy Infrastructure by 2,227.1% during the second quarter. EverSource Wealth Advisors LLC now owns 2,746 shares of the company’s stock worth $78,000 after purchasing an additional 2,628 shares during the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Solaris Energy Infrastructure Trading Up 3.7%

Shares of Solaris Energy Infrastructure stock opened at $55.24 on Friday. The company has a 50-day moving average of $48.31 and a two-hundred day moving average of $36.18. Solaris Energy Infrastructure, Inc. has a 12-month low of $14.27 and a 12-month high of $57.17. The company has a current ratio of 2.39, a quick ratio of 2.28 and a debt-to-equity ratio of 0.69. The stock has a market cap of $3.78 billion, a PE ratio of 58.77 and a beta of 1.14.

Solaris Energy Infrastructure (NYSE:SEI) last announced its quarterly earnings results on Monday, November 3rd. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.24 by $0.08. Solaris Energy Infrastructure had a return on equity of 9.38% and a net margin of 7.02%.The business had revenue of $166.84 million for the quarter, compared to analyst estimates of $142.82 million. On average, research analysts anticipate that Solaris Energy Infrastructure, Inc. will post 0.36 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on SEI shares. Northland Securities set a $61.00 price objective on shares of Solaris Energy Infrastructure in a research report on Thursday, October 9th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Solaris Energy Infrastructure in a report on Monday. Zacks Research lowered shares of Solaris Energy Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Citigroup raised their price objective on shares of Solaris Energy Infrastructure from $38.00 to $56.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Finally, Barclays lifted their price objective on Solaris Energy Infrastructure from $44.00 to $61.00 and gave the company an “overweight” rating in a report on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $52.80.

Insider Buying and Selling at Solaris Energy Infrastructure

In related news, major shareholder Ktr Management Company, Llc sold 2,114,783 shares of the business’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $50.15, for a total value of $106,056,367.45. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Kyle S. Ramachandran acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was acquired at an average cost of $25.00 per share, for a total transaction of $50,000.00. Following the completion of the purchase, the chief financial officer owned 370,338 shares in the company, valued at $9,258,450. The trade was a 0.54% increase in their position. The SEC filing for this purchase provides additional information. 21.20% of the stock is owned by corporate insiders.

Solaris Energy Infrastructure Company Profile

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.