Polymer Capital Management HK LTD Makes New $576,000 Investment in Solaris Energy Infrastructure, Inc. $SEI

Polymer Capital Management HK LTD purchased a new position in Solaris Energy Infrastructure, Inc. (NYSE:SEI) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 12,540 shares of the company’s stock, valued at approximately $576,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cullen Frost Bankers Inc. purchased a new position in shares of Solaris Energy Infrastructure in the fourth quarter worth $28,000. Signaturefd LLC raised its holdings in shares of Solaris Energy Infrastructure by 344.9% in the fourth quarter. Signaturefd LLC now owns 614 shares of the company’s stock worth $28,000 after buying an additional 476 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Solaris Energy Infrastructure in the third quarter worth $31,000. Larson Financial Group LLC raised its holdings in shares of Solaris Energy Infrastructure by 363.0% in the third quarter. Larson Financial Group LLC now owns 1,014 shares of the company’s stock worth $41,000 after buying an additional 795 shares during the last quarter. Finally, Assetmark Inc. raised its holdings in shares of 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 buying an additional 255 shares during the last quarter. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Solaris Energy Infrastructure Stock Down 2.8%

SEI opened at $73.88 on Friday. Solaris Energy Infrastructure, Inc. has a fifty-two week low of $24.57 and a fifty-two week high of $81.24. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.07 and a current ratio of 1.11. The company has a fifty day moving average of $69.70 and a two-hundred day moving average of $58.30. The stock has a market capitalization of $5.43 billion, a price-to-earnings ratio of 83.01 and a beta of 1.19.

Solaris Energy Infrastructure (NYSE:SEI) last announced its 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. The business 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%. On average, research analysts expect that Solaris Energy Infrastructure, Inc. will post 1.26 earnings per share for the current year.

Insider Buying and Selling at Solaris Energy Infrastructure

In other news, insider Christopher M. Powell sold 36,852 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $74.63, for a total transaction of $2,750,264.76. Following the completion of the sale, the insider 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Aj Teague bought 2,750 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were bought at an average cost of $72.98 per share, with a total value of $200,695.00. Following the purchase, the director directly owned 11,060 shares of the company’s stock, valued at approximately $807,158.80. This represents a 33.09% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have sold 4,099,593 shares of company stock valued at $297,782,099. Corporate insiders own 20.23% of the company’s stock.

Analysts Set New Price Targets

SEI has been the subject of several recent research reports. Glj Research initiated coverage on shares of Solaris Energy Infrastructure in a report on Thursday, March 5th. They set a “buy” rating and a $60.00 target price for the company. Citigroup raised their target price on shares of Solaris Energy Infrastructure from $61.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Wall Street Zen cut shares of Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Zacks Research raised shares of Solaris Energy Infrastructure from a “strong sell” rating to a “hold” rating in a report on Thursday, March 12th. Finally, Raymond James Financial reissued an “outperform” rating and set a $82.00 target price on shares of Solaris Energy Infrastructure in a report on Wednesday, April 29th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Solaris Energy Infrastructure presently has an average rating of “Moderate Buy” and a consensus price target of $81.80.

Solaris Energy Infrastructure 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.