Y Intercept Hong Kong Ltd Decreases Stock Position in Solaris Energy Infrastructure, Inc. $SEI

Y Intercept Hong Kong Ltd trimmed its holdings in Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 80.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,649 shares of the company’s stock after selling 28,168 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Solaris Energy Infrastructure were worth $266,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SEI. Assetmark Inc. acquired a new stake in shares of Solaris Energy Infrastructure in the second quarter valued at approximately $25,000. Strs Ohio acquired a new position in shares of Solaris Energy Infrastructure during the 1st quarter worth approximately $28,000. Nisa Investment Advisors LLC lifted its stake in Solaris Energy Infrastructure by 17.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,199 shares of the company’s stock valued at $62,000 after buying an additional 333 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Solaris Energy Infrastructure by 2,227.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,746 shares of the company’s stock valued at $78,000 after buying an additional 2,628 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in Solaris Energy Infrastructure by 88.1% during the second quarter. BNP Paribas Financial Markets now owns 3,366 shares of the company’s stock worth $95,000 after buying an additional 1,577 shares in the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Insider Transactions at Solaris Energy Infrastructure

In other news, insider Cynthia M. Durrett sold 47,011 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $44.62, for a total transaction of $2,097,630.82. Following the completion of the sale, the insider directly owned 131,152 shares in the company, valued at $5,852,002.24. This represents a 26.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Amanda M. Brock purchased 3,669 shares of the stock in a transaction on Wednesday, December 17th. The shares were purchased at an average cost of $40.89 per share, with a total value of $150,025.41. Following the transaction, the chief executive officer owned 141,080 shares of the company’s stock, valued at $5,768,761.20. This trade represents a 2.67% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 21.20% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Citigroup upped their price objective on Solaris Energy Infrastructure from $38.00 to $56.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Northland Securities set a $70.00 target price on shares of Solaris Energy Infrastructure in a report on Monday, January 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Solaris Energy Infrastructure in a report on Monday, December 29th. Barclays boosted their price objective on shares of Solaris Energy Infrastructure from $44.00 to $61.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Finally, Piper Sandler raised their target price on shares of Solaris Energy Infrastructure from $50.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, November 17th. One 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. According to data from MarketBeat, Solaris Energy Infrastructure has an average rating of “Moderate Buy” and a consensus target price of $56.10.

Solaris Energy Infrastructure Trading Down 4.6%

Shares of SEI stock opened at $46.07 on Friday. The firm’s 50-day simple moving average is $50.66 and its 200-day simple moving average is $43.09. 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, Inc. has a 1-year low of $14.27 and a 1-year high of $59.80. The firm has a market cap of $3.15 billion, a P/E ratio of 49.01 and a beta of 1.14.

Solaris Energy Infrastructure (NYSE:SEI) last issued 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. The firm had revenue of $166.84 million during the quarter, compared to analyst estimates of $142.82 million. Solaris Energy Infrastructure had a net margin of 7.02% and a return on equity of 9.38%. As a group, equities analysts forecast that Solaris Energy Infrastructure, Inc. will post 0.36 EPS for the current year.

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.