Solaris Energy Infrastructure (NYSE:SEI) Insider Sells $2,097,630.82 in Stock

Solaris Energy Infrastructure, Inc. (NYSE:SEI) insider Cynthia Durrett sold 47,011 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $44.62, for a total transaction of $2,097,630.82. Following the completion of the transaction, the insider directly owned 131,152 shares of the company’s stock, valued at approximately $5,852,002.24. This represents a 26.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Solaris Energy Infrastructure Trading Up 5.9%

Shares of NYSE:SEI traded up $2.39 during trading on Thursday, hitting $43.03. 3,038,598 shares of the company’s stock were exchanged, compared to its average volume of 2,197,525. The company has a current ratio of 2.39, a quick ratio of 2.28 and a debt-to-equity ratio of 0.69. Solaris Energy Infrastructure, Inc. has a 1-year low of $14.27 and a 1-year high of $57.17. The firm has a 50-day moving average price of $49.36 and a two-hundred day moving average price of $37.74. The firm has a market cap of $2.95 billion, a P/E ratio of 45.78 and a beta of 1.14.

Solaris Energy Infrastructure (NYSE:SEI) last announced its quarterly earnings results on Monday, November 3rd. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.08. Solaris Energy Infrastructure had a net margin of 7.02% and a return on equity of 9.38%. The firm had revenue of $166.84 million for the quarter, compared to analyst estimates of $142.82 million. Equities analysts predict that Solaris Energy Infrastructure, Inc. will post 0.36 earnings per share for the current year.

Institutional Trading of Solaris Energy Infrastructure

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Hudson Bay Capital Management LP bought a new position in Solaris Energy Infrastructure in the third quarter worth approximately $1,204,000. Tudor Investment Corp ET AL grew its stake in Solaris Energy Infrastructure by 18.1% during the 3rd quarter. Tudor Investment Corp ET AL now owns 468,187 shares of the company’s stock valued at $18,713,000 after purchasing an additional 71,796 shares during the last quarter. Penn Capital Management Company LLC increased its stake in shares of Solaris Energy Infrastructure by 21.7% in the third quarter. Penn Capital Management Company LLC now owns 17,377 shares of the company’s stock worth $695,000 after acquiring an additional 3,097 shares during the period. CIBC Private Wealth Group LLC purchased a new stake in Solaris Energy Infrastructure in the 3rd quarter worth approximately $244,000. Finally, CIBC Bancorp USA Inc. purchased a new position in Solaris Energy Infrastructure in the third quarter valued at $400,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SEI. Citigroup raised their price objective on shares of Solaris Energy Infrastructure from $38.00 to $56.00 and gave the company a “buy” rating in a report on Monday, October 13th. Northland Securities set a $61.00 price target on shares of Solaris Energy Infrastructure in a research report on Thursday, October 9th. Piper Sandler lifted their price target on Solaris Energy Infrastructure from $50.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, November 17th. Morgan Stanley assumed coverage on shares of Solaris Energy Infrastructure in a research report on Tuesday, December 2nd. They issued an “overweight” rating and a $68.00 price objective on the stock. Finally, Barclays raised their price target on Solaris Energy Infrastructure from $44.00 to $61.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $52.80.

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.