Legato Capital Management LLC Makes New Investment in Solaris Energy Infrastructure, Inc. $SEI

Legato Capital Management LLC purchased a new stake in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 21,735 shares of the company’s stock, valued at approximately $999,000.

A number of other hedge funds and other institutional investors have also modified their holdings of SEI. Signaturefd LLC raised its holdings in shares of Solaris Energy Infrastructure by 344.9% during the 4th quarter. Signaturefd LLC now owns 614 shares of the company’s stock valued at $28,000 after purchasing an additional 476 shares in the last quarter. Cullen Frost Bankers Inc. bought a new position in shares of Solaris Energy Infrastructure during the 4th quarter valued at $28,000. Strs Ohio bought a new position in shares of Solaris Energy Infrastructure during the 1st quarter valued at $28,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Solaris Energy Infrastructure during the 3rd quarter valued at $31,000. Finally, Larson Financial Group LLC raised its holdings in shares of Solaris Energy Infrastructure by 363.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,014 shares of the company’s stock valued at $41,000 after purchasing an additional 795 shares in the last quarter. Institutional investors own 67.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SEI shares. Citigroup raised their target price on shares of Solaris Energy Infrastructure from $61.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Glj Research started coverage on shares of Solaris Energy Infrastructure in a research note on Thursday, March 5th. They issued a “buy” rating and a $60.00 target price on the stock. Wells Fargo & Company raised their target price on shares of Solaris Energy Infrastructure from $71.00 to $82.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. Weiss Ratings upgraded shares of Solaris Energy Infrastructure from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Finally, Piper Sandler raised their target price on shares of Solaris Energy Infrastructure from $65.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $79.10.

Insider Buying and Selling

In other Solaris Energy Infrastructure news, Director Laurie H. Argo sold 5,200 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $72.88, for a total value of $378,976.00. Following the sale, the director directly owned 44,839 shares in the company, valued at $3,267,866.32. This trade represents a 10.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Aj Teague purchased 2,750 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was bought at an average price of $72.98 per share, for a total transaction of $200,695.00. Following the completion of the transaction, the director directly owned 11,060 shares in the company, valued at approximately $807,158.80. The trade was a 33.09% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders sold 4,099,593 shares of company stock worth $297,782,099. 20.23% of the stock is currently owned by corporate insiders.

Solaris Energy Infrastructure Stock Performance

NYSE SEI opened at $74.41 on Tuesday. 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 firm has a market capitalization of $5.09 billion, a price-to-earnings ratio of 83.61 and a beta of 1.25. The company’s fifty day moving average is $66.35 and its two-hundred day moving average is $55.96. Solaris Energy Infrastructure, Inc. has a 52-week low of $24.50 and a 52-week high of $81.24.

Solaris Energy Infrastructure (NYSE:SEI) last posted its quarterly earnings results on Monday, April 27th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.18. The company 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%. Equities research analysts forecast that Solaris Energy Infrastructure, Inc. will post 1.3 EPS 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.