Stephens Investment Management Group LLC Purchases 2,576 Shares of Solaris Energy Infrastructure, Inc. $SEI

Stephens Investment Management Group LLC raised its position in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 1.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 268,270 shares of the company’s stock after purchasing an additional 2,576 shares during the quarter. Stephens Investment Management Group LLC owned 0.40% of Solaris Energy Infrastructure worth $7,589,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Encompass Capital Advisors LLC purchased a new stake in shares of Solaris Energy Infrastructure during the 1st quarter valued at about $78,967,000. Driehaus Capital Management LLC purchased a new position in Solaris Energy Infrastructure during the first quarter valued at approximately $44,073,000. Vanguard Group Inc. purchased a new position in Solaris Energy Infrastructure during the first quarter valued at approximately $35,060,000. Westwood Holdings Group Inc. purchased a new position in Solaris Energy Infrastructure during the first quarter valued at approximately $29,298,000. Finally, Millennium Management LLC purchased a new position in Solaris Energy Infrastructure during the first quarter valued at approximately $24,335,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Insider Activity at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, CFO Kyle S. Ramachandran acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was bought at an average cost of $25.00 per share, with a total value of $50,000.00. Following the completion of the purchase, the chief financial officer directly owned 370,338 shares in the company, valued at $9,258,450. The trade was a 0.54% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Edgar R. Jr. Giesinger sold 10,000 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $28.86, for a total transaction of $288,600.00. Following the completion of the sale, the director directly owned 90,956 shares of the company’s stock, valued at approximately $2,624,990.16. This trade represents a 9.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have weighed in on SEI. Zacks Research raised shares of Solaris Energy Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Monday. Piper Sandler reduced their price objective on shares of Solaris Energy Infrastructure from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 20th. Northland Securities set a $61.00 price objective on shares of Solaris Energy Infrastructure in a research report on Thursday, October 9th. Barclays lifted their price objective on shares of Solaris Energy Infrastructure from $39.00 to $44.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. Finally, Raymond James Financial restated an “outperform” rating and set a $38.00 target price (down from $39.00) on shares of Solaris Energy Infrastructure in a research report on Wednesday, July 23rd. Three analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Solaris Energy Infrastructure presently has a consensus rating of “Buy” and an average price target of $47.56.

Solaris Energy Infrastructure Trading Down 4.9%

SEI stock opened at $46.61 on Thursday. The company has a quick ratio of 2.98, a current ratio of 3.11 and a debt-to-equity ratio of 0.76. Solaris Energy Infrastructure, Inc. has a twelve month low of $12.78 and a twelve month high of $56.14. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of 79.00 and a beta of 1.12. The firm’s fifty day simple moving average is $37.03 and its two-hundred day simple moving average is $29.90.

Solaris Energy Infrastructure (NYSE:SEI) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.08 earnings per share for the quarter. Solaris Energy Infrastructure had a net margin of 4.99% and a return on equity of 7.66%. The business had revenue of $75.02 million for the quarter. As a group, analysts anticipate that Solaris Energy Infrastructure, Inc. will post 0.36 earnings per share for the current year.

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.