Insider Selling: Solaris Energy Infrastructure (NYSE:SEI) Director Sells $4,098,804.51 in Stock

Solaris Energy Infrastructure, Inc. (NYSE:SEI) Director Ray Walker, Jr. sold 56,841 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $72.11, for a total transaction of $4,098,804.51. Following the sale, the director directly owned 5,760 shares in the company, valued at $415,353.60. This trade represents a 90.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Solaris Energy Infrastructure Price Performance

SEI opened at $77.09 on Thursday. Solaris Energy Infrastructure, Inc. has a one year low of $21.22 and a one year high of $81.24. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.11 and a quick ratio of 1.07. The company’s 50 day simple moving average is $62.65 and its 200-day simple moving average is $54.71. The stock has a market capitalization of $5.28 billion, a P/E ratio of 86.62 and a beta of 1.25.

Solaris Energy Infrastructure (NYSE:SEI) last released its quarterly earnings results on Monday, April 27th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.26 by $0.18. Solaris Energy Infrastructure had a net margin of 6.69% and a return on equity of 13.33%. The business had revenue of $196.24 million for the quarter. Sell-side analysts anticipate that Solaris Energy Infrastructure, Inc. will post 1.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Solaris Energy Infrastructure

Large investors have recently made changes to their positions in the stock. Cullen Frost Bankers Inc. bought a new stake in shares of Solaris Energy Infrastructure during the fourth quarter worth $28,000. Signaturefd LLC increased its position in shares of Solaris Energy Infrastructure by 344.9% during the fourth quarter. Signaturefd LLC now owns 614 shares of the company’s stock worth $28,000 after acquiring an additional 476 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Solaris Energy Infrastructure during the third quarter worth $31,000. Larson Financial Group LLC increased its position in shares of Solaris Energy Infrastructure by 363.0% during the third quarter. Larson Financial Group LLC now owns 1,014 shares of the company’s stock worth $41,000 after acquiring an additional 795 shares in the last quarter. Finally, Assetmark Inc. increased its position in shares of Solaris Energy Infrastructure by 29.1% during the third quarter. Assetmark Inc. now owns 1,130 shares of the company’s stock worth $45,000 after acquiring an additional 255 shares in the last quarter. Institutional investors own 67.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on SEI shares. Wall Street Zen lowered shares of Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Morgan Stanley restated an “overweight” rating and issued a $81.00 price objective on shares of Solaris Energy Infrastructure in a report on Monday, April 27th. Northland Securities set a $86.00 price objective on shares of Solaris Energy Infrastructure in a report on Thursday, April 30th. Barclays increased their price objective on shares of Solaris Energy Infrastructure from $74.00 to $86.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Finally, Piper Sandler increased their price objective on shares of Solaris Energy Infrastructure from $65.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Solaris Energy Infrastructure has a consensus rating of “Moderate Buy” and an average price target of $79.10.

About Solaris Energy Infrastructure

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.