Solaris Energy Infrastructure (NYSE:SEI) Director Buys $99,630.30 in Stock

Solaris Energy Infrastructure, Inc. (NYSE:SEI) Director Aj Teague bought 2,310 shares of Solaris Energy Infrastructure stock in a transaction on Wednesday, December 17th. The shares were purchased at an average cost of $43.13 per share, with a total value of $99,630.30. Following the completion of the purchase, the director directly owned 106,465 shares in the company, valued at $4,591,835.45. This trade represents a 2.22% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Solaris Energy Infrastructure Price Performance

SEI stock traded up $2.39 on Thursday, hitting $43.03. 3,038,598 shares of the company’s stock traded hands, compared to its average volume of 2,197,525. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 45.78 and a beta of 1.14. 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 fifty day moving average of $49.36 and a 200-day moving average of $37.74. Solaris Energy Infrastructure, Inc. has a 1-year low of $14.27 and a 1-year high of $57.17.

Solaris Energy Infrastructure (NYSE:SEI) last issued its quarterly earnings results on Monday, November 3rd. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $142.82 million. On average, analysts forecast that Solaris Energy Infrastructure, Inc. will post 0.36 EPS for the current fiscal year.

Analysts Set New Price Targets

SEI has been the subject of a number of analyst reports. Zacks Research downgraded shares of Solaris Energy Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Citigroup upped their target price 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. Piper Sandler boosted their price target on shares of Solaris Energy Infrastructure from $50.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, November 17th. Barclays lifted their price target on Solaris Energy Infrastructure from $44.00 to $61.00 and gave the company an “overweight” rating in a research note on Wednesday, November 5th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Solaris Energy Infrastructure in a research note on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $52.80.

Hedge Funds Weigh In On Solaris Energy Infrastructure

Several large investors have recently bought and sold shares of SEI. Assetmark Inc. acquired a new stake in shares of Solaris Energy Infrastructure in the second quarter valued at about $25,000. Strs Ohio bought a new stake in Solaris Energy Infrastructure during the 1st quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd bought a new position in Solaris Energy Infrastructure during the 3rd quarter valued at $31,000. US Bancorp DE bought a new position in shares of Solaris Energy Infrastructure during the 1st quarter worth approximately $38,000. Finally, Larson Financial Group LLC raised its stake in shares of Solaris Energy Infrastructure by 363.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,014 shares of the company’s stock worth $41,000 after purchasing an additional 795 shares during the period. 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.