Ranger Investment Management L.P. Makes New Investment in Solaris Energy Infrastructure, Inc. $SEI

Ranger Investment Management L.P. purchased a new stake in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 426,140 shares of the company’s stock, valued at approximately $17,033,000. Ranger Investment Management L.P. owned approximately 0.63% of Solaris Energy Infrastructure as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Goodlander Investment Management LLC bought a new position in Solaris Energy Infrastructure in the second quarter worth approximately $19,803,000. Honeycomb Asset Management LP bought a new position in shares of Solaris Energy Infrastructure during the 2nd quarter worth $19,011,000. Goldman Sachs Group Inc. bought a new position in shares of Solaris Energy Infrastructure during the 1st quarter worth $13,714,000. Assenagon Asset Management S.A. increased its stake in shares of Solaris Energy Infrastructure by 1,014.2% during the third quarter. Assenagon Asset Management S.A. now owns 395,554 shares of the company’s stock valued at $15,810,000 after buying an additional 360,054 shares during the period. Finally, Hiddenite Capital Partners LP bought a new stake in shares of Solaris Energy Infrastructure in the third quarter valued at about $13,990,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on SEI shares. Northland Securities set a $70.00 target price on shares of Solaris Energy Infrastructure in a report on Monday, January 5th. Piper Sandler lifted their price objective 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. Raymond James Financial reissued an “outperform” rating on shares of Solaris Energy Infrastructure in a research note on Tuesday, January 27th. UBS Group set a $65.00 target price on Solaris Energy Infrastructure in a research report on Tuesday, January 27th. Finally, Barclays lifted their price target on Solaris Energy Infrastructure from $44.00 to $61.00 and gave the company an “overweight” rating in a report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.10.

Solaris Energy Infrastructure Stock Up 3.4%

Shares of SEI stock opened at $47.70 on Friday. The stock’s fifty day moving average price is $50.66 and its 200 day moving average price is $43.09. Solaris Energy Infrastructure, Inc. has a 1-year low of $14.27 and a 1-year high of $59.80. The company has a market cap of $3.27 billion, a price-to-earnings ratio of 50.75 and a beta of 1.14. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.39 and a quick ratio of 2.28.

Solaris Energy Infrastructure (NYSE:SEI) last released its quarterly earnings results on Monday, November 3rd. The company reported $0.32 EPS 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 company had revenue of $166.84 million during the quarter, compared to analysts’ expectations of $142.82 million. On average, research analysts expect that Solaris Energy Infrastructure, Inc. will post 0.36 earnings per share for the current fiscal year.

Insider Activity at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, Director Laurie H. Argo sold 2,300 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $44.25, for a total value of $101,775.00. Following the completion of the transaction, the director owned 50,039 shares of the company’s stock, valued at approximately $2,214,225.75. This trade represents a 4.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Amanda M. Brock acquired 3,669 shares of the stock in a transaction dated Wednesday, December 17th. The shares were bought at an average price of $40.89 per share, with a total value of $150,025.41. Following the completion of the purchase, the chief executive officer directly owned 141,080 shares of the company’s stock, valued at approximately $5,768,761.20. This trade represents a 2.67% increase in their position. The SEC filing for this purchase provides additional information. 21.20% of the stock is owned by insiders.

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.