Emerald Advisers LLC Sells 32,005 Shares of Solaris Energy Infrastructure, Inc. $SEI

Emerald Advisers LLC trimmed its stake in Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 5.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 594,687 shares of the company’s stock after selling 32,005 shares during the quarter. Emerald Advisers LLC’s holdings in Solaris Energy Infrastructure were worth $33,606,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of SEI. Farmers Trust Co. increased its stake in shares of Solaris Energy Infrastructure by 3.2% during the 4th quarter. Farmers Trust Co. now owns 6,450 shares of the company’s stock worth $297,000 after purchasing an additional 200 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its stake in Solaris Energy Infrastructure by 5.5% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,920 shares of the company’s stock valued at $180,000 after purchasing an additional 205 shares during the last quarter. Legal & General Group Plc lifted its stake in Solaris Energy Infrastructure by 1.1% in the third quarter. Legal & General Group Plc now owns 36,698 shares of the company’s stock valued at $1,467,000 after purchasing an additional 391 shares during the last quarter. Cerity Partners LLC grew its holdings in Solaris Energy Infrastructure by 3.3% during the second quarter. Cerity Partners LLC now owns 12,551 shares of the company’s stock valued at $355,000 after purchasing an additional 397 shares during the period. Finally, California State Teachers Retirement System grew its holdings in Solaris Energy Infrastructure by 1.4% during the second quarter. California State Teachers Retirement System now owns 32,282 shares of the company’s stock valued at $913,000 after purchasing an additional 454 shares during the period. 67.44% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director W Howard Keenan, Jr. sold 2,000,000 shares of the business’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $74.50, for a total transaction of $149,000,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Ktr Management Company, Llc sold 2,000,000 shares of the stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $70.75, for a total value of $141,500,000.00. The disclosure for this sale is available in the SEC filing. Insiders sold 4,099,593 shares of company stock valued at $297,782,099 in the last 90 days. Corporate insiders own 20.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Stifel Nicolaus boosted their target price on Solaris Energy Infrastructure from $71.00 to $93.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Wolfe Research assumed coverage on Solaris Energy Infrastructure in a research note on Monday, July 6th. They set an “outperform” rating and a $120.00 price target for the company. Weiss Ratings raised Solaris Energy Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Piper Sandler boosted their price objective on Solaris Energy Infrastructure from $65.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. Finally, Citigroup upped their price objective on shares of Solaris Energy Infrastructure from $61.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Ten investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Solaris Energy Infrastructure presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.25.

Solaris Energy Infrastructure Stock Down 5.8%

Solaris Energy Infrastructure stock opened at $67.41 on Tuesday. Solaris Energy Infrastructure, Inc. has a 1-year low of $24.57 and a 1-year high of $86.19. The firm has a market capitalization of $4.96 billion, a price-to-earnings ratio of 75.74 and a beta of 1.17. The company has a current ratio of 1.11, a quick ratio of 1.07 and a debt-to-equity ratio of 1.23. The firm has a 50 day simple moving average of $73.73 and a 200 day simple moving average of $62.21.

Solaris Energy Infrastructure (NYSE:SEI) last issued its earnings results on Monday, April 27th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.18. The business had revenue of $196.24 million for the quarter. Solaris Energy Infrastructure had a net margin of 6.69% and a return on equity of 13.33%. On average, analysts predict that Solaris Energy Infrastructure, Inc. will post 1.09 earnings per share for the current year.

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.