Aventail Capital Group LP Has $10.64 Million Stock Position in Solaris Energy Infrastructure, Inc. $SEI

Aventail Capital Group LP lowered its holdings in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 46.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 266,267 shares of the company’s stock after selling 234,578 shares during the quarter. Aventail Capital Group LP’s holdings in Solaris Energy Infrastructure were worth $10,643,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Assetmark Inc. boosted its holdings in Solaris Energy Infrastructure by 29.1% in the third quarter. Assetmark Inc. now owns 1,130 shares of the company’s stock worth $45,000 after purchasing an additional 255 shares in the last quarter. Chung Wu Investment Group LLC bought a new position in Solaris Energy Infrastructure during the third quarter valued at about $52,000. Strs Ohio bought a new position in Solaris Energy Infrastructure during the first quarter valued at about $28,000. Comerica Bank lifted its position in shares of Solaris Energy Infrastructure by 271.4% in the third quarter. Comerica Bank now owns 1,504 shares of the company’s stock worth $60,000 after buying an additional 1,099 shares during the last quarter. Finally, Quadrant Capital Group LLC acquired a new stake in shares of Solaris Energy Infrastructure in the third quarter worth about $72,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

Solaris Energy Infrastructure Trading Down 2.2%

Solaris Energy Infrastructure stock opened at $52.18 on Friday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.87 and a current ratio of 2.96. The business’s 50-day simple moving average is $52.72 and its 200-day simple moving average is $47.17. The firm has a market capitalization of $3.57 billion, a PE ratio of 73.49 and a beta of 1.13. Solaris Energy Infrastructure, Inc. has a 52 week low of $14.27 and a 52 week high of $61.36.

Solaris Energy Infrastructure (NYSE:SEI) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.11. Solaris Energy Infrastructure had a return on equity of 11.83% and a net margin of 4.81%.The business had revenue of $179.70 million during the quarter. Equities research analysts forecast that Solaris Energy Infrastructure, Inc. will post 0.36 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Aj Teague acquired 2,310 shares of the stock in a transaction dated Wednesday, December 17th. The shares were acquired at an average price of $43.13 per share, for a total transaction of $99,630.30. Following the completion of the purchase, the director owned 106,465 shares in the company, valued at approximately $4,591,835.45. The trade was a 2.22% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Amanda M. Brock bought 3,669 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The shares were bought at an average cost of $40.89 per share, for a total transaction of $150,025.41. Following the transaction, the chief executive officer directly owned 141,080 shares of the company’s stock, valued at $5,768,761.20. This trade represents a 2.67% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 21.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on SEI shares. Zacks Research raised Solaris Energy Infrastructure from a “strong sell” rating to a “hold” rating in a report on Thursday. Citigroup reduced their target price on Solaris Energy Infrastructure from $62.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, March 10th. Glj Research began coverage on Solaris Energy Infrastructure in a research report on Thursday, March 5th. They set a “buy” rating and a $60.00 target price for the company. UBS Group set a $65.00 price target on Solaris Energy Infrastructure in a report on Tuesday, January 27th. Finally, Raymond James Financial reissued an “outperform” rating on shares of Solaris Energy Infrastructure in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $57.10.

Solaris Energy Infrastructure Company Profile

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.