Brightline Capital Management LLC Sells 119,000 Shares of Solaris Energy Infrastructure, Inc. $SEI

Brightline Capital Management LLC trimmed its position in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 10.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,003,000 shares of the company’s stock after selling 119,000 shares during the period. Solaris Energy Infrastructure makes up about 16.4% of Brightline Capital Management LLC’s holdings, making the stock its 2nd biggest holding. Brightline Capital Management LLC owned 1.48% of Solaris Energy Infrastructure worth $40,090,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in SEI. Assetmark Inc. purchased a new position in shares of Solaris Energy Infrastructure in the 2nd quarter worth about $25,000. Strs Ohio purchased a new stake in Solaris Energy Infrastructure during the 1st quarter worth $28,000. Chung Wu Investment Group LLC acquired a new position in Solaris Energy Infrastructure in the 3rd quarter worth $52,000. Quadrant Capital Group LLC acquired a new position in Solaris Energy Infrastructure in the 3rd quarter worth $72,000. Finally, EverSource Wealth Advisors LLC boosted its position in Solaris Energy Infrastructure by 2,227.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,746 shares of the company’s stock valued at $78,000 after buying an additional 2,628 shares during the last quarter. 67.44% of the stock is owned by hedge funds and other institutional investors.

Solaris Energy Infrastructure Stock Performance

Shares of SEI stock opened at $54.07 on Wednesday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.87 and a current ratio of 2.96. Solaris Energy Infrastructure, Inc. has a one year low of $14.27 and a one year high of $61.36. The company’s 50-day simple moving average is $52.35 and its 200-day simple moving average is $46.78. The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of 76.15 and a beta of 1.13.

Solaris Energy Infrastructure (NYSE:SEI) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $0.35 earnings per share for the quarter, beating 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 firm had revenue of $179.70 million during the quarter. Equities analysts anticipate that Solaris Energy Infrastructure, Inc. will post 0.36 earnings per share for the current fiscal year.

Insider Transactions at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, Director Aj Teague acquired 2,310 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was purchased at an average price of $43.13 per share, with a total value of $99,630.30. Following the completion of the acquisition, the director directly owned 106,465 shares in the company, valued at $4,591,835.45. This trade represents a 2.22% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Laurie H. Argo sold 2,300 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $44.25, for a total transaction of $101,775.00. Following the sale, the director owned 50,039 shares of the company’s stock, valued at approximately $2,214,225.75. The trade was a 4.39% decrease in their position. The disclosure for this sale is available in the SEC filing. 21.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

SEI has been the topic of a number of analyst reports. Weiss Ratings lowered Solaris Energy Infrastructure from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, March 2nd. Barclays raised their price objective on Solaris Energy Infrastructure from $61.00 to $63.00 and gave the company an “overweight” rating in a research note on Thursday, February 26th. Wall Street Zen downgraded Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a report on Saturday. Northland Securities set a $70.00 target price on Solaris Energy Infrastructure in a research report on Monday, January 5th. Finally, UBS Group set a $65.00 target price on Solaris Energy Infrastructure in a research note on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Solaris Energy Infrastructure has an average rating of “Moderate Buy” and a consensus price target of $57.10.

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.