Solaris Energy Infrastructure, Inc. $SEI Shares Sold by Ballast Asset Management LP

Ballast Asset Management LP trimmed its holdings in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 37.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 113,026 shares of the company’s stock after selling 68,748 shares during the period. Solaris Energy Infrastructure accounts for about 2.5% of Ballast Asset Management LP’s holdings, making the stock its 14th biggest holding. Ballast Asset Management LP’s holdings in Solaris Energy Infrastructure were worth $5,196,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in SEI. Principal Financial Group Inc. lifted its stake in shares of Solaris Energy Infrastructure by 2,120.7% during the fourth quarter. Principal Financial Group Inc. now owns 1,466,343 shares of the company’s stock worth $67,408,000 after purchasing an additional 1,400,311 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Solaris Energy Infrastructure by 623.5% in the third quarter. Van ECK Associates Corp now owns 1,295,898 shares of the company’s stock valued at $51,797,000 after buying an additional 1,116,794 shares in the last quarter. Advent International L.P. acquired a new stake in shares of Solaris Energy Infrastructure in the third quarter valued at about $40,246,000. Ceredex Value Advisors LLC purchased a new stake in shares of Solaris Energy Infrastructure during the 3rd quarter valued at about $35,050,000. Finally, Goodlander Investment Management LLC acquired a new position in Solaris Energy Infrastructure during the 2nd quarter worth approximately $19,803,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Christopher M. Powell sold 36,852 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $74.63, for a total value of $2,750,264.76. Following the completion of the sale, the insider directly owned 114,117 shares of the company’s stock, valued at $8,516,551.71. The trade was a 24.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Aj Teague acquired 2,750 shares of the business’s stock in a transaction on Friday, May 8th. The shares were purchased at an average price of $72.98 per share, for a total transaction of $200,695.00. Following the purchase, the director directly owned 11,060 shares of the company’s stock, valued at $807,158.80. This represents a 33.09% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders have sold 4,099,593 shares of company stock worth $297,782,099. Company insiders own 20.23% of the company’s stock.

Solaris Energy Infrastructure Stock Up 0.2%

SEI stock opened at $74.41 on Tuesday. 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 $66.35 and a 200-day simple moving average of $55.96. The company has a market capitalization of $5.09 billion, a P/E ratio of 83.61 and a beta of 1.25. Solaris Energy Infrastructure, Inc. has a twelve month low of $24.50 and a twelve month 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, 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 firm had revenue of $196.24 million for the quarter. On average, equities research analysts predict that Solaris Energy Infrastructure, Inc. will post 1.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SEI shares. Wall Street Zen lowered shares of Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Piper Sandler raised their price target 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. Wells Fargo & Company lifted their price target on shares of Solaris Energy Infrastructure from $71.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 29th. Stifel Nicolaus upped their price objective on shares of Solaris Energy Infrastructure from $71.00 to $93.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, Glj Research initiated coverage on Solaris Energy Infrastructure in a research note on Thursday, March 5th. They set a “buy” rating and a $60.00 target price for the company. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.