Solaris Energy Infrastructure (NASDAQ:SEI) Shares Gap Down – Should You Sell?

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)’s share price gapped down before the market opened on Friday . The stock had previously closed at $18.39, but opened at $16.68. Solaris Energy Infrastructure shares last traded at $15.62, with a volume of 144,713 shares changing hands.

Wall Street Analyst Weigh In

SEI has been the topic of a number of recent research reports. Piper Sandler began coverage on Solaris Energy Infrastructure in a report on Thursday, February 20th. They issued an “overweight” rating and a $37.00 target price on the stock. Janney Montgomery Scott initiated coverage on shares of Solaris Energy Infrastructure in a research note on Tuesday, February 25th. They issued a “buy” rating and a $57.00 price objective on the stock. Tudor, Pickering, Holt & Co. initiated coverage on shares of Solaris Energy Infrastructure in a report on Wednesday, January 22nd. They set a “buy” rating and a $41.00 target price for the company. Tudor Pickering upgraded shares of Solaris Energy Infrastructure to a “strong-buy” rating in a research report on Wednesday, January 22nd. Finally, Stifel Nicolaus boosted their price objective on shares of Solaris Energy Infrastructure from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Monday, February 24th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $45.75.

Solaris Energy Infrastructure Price Performance

The firm’s 50-day moving average is $26.10. The company has a current ratio of 3.61, a quick ratio of 3.40 and a debt-to-equity ratio of 0.77. The company has a market cap of $1.07 billion, a PE ratio of 36.07 and a beta of 1.12.

Solaris Energy Infrastructure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, March 11th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend was Tuesday, March 11th. Solaris Energy Infrastructure’s payout ratio is currently 97.96%.

Insider Buying and Selling at Solaris Energy Infrastructure

In other news, Director Laurie H. Argo bought 4,000 shares of Solaris Energy Infrastructure stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average cost of $22.43 per share, with a total value of $89,720.00. Following the completion of the acquisition, the director now owns 46,064 shares of the company’s stock, valued at $1,033,215.52. This trade represents a 9.51 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 34.71% of the company’s stock.

Hedge Funds Weigh In On Solaris Energy Infrastructure

A hedge fund recently bought a new stake in Solaris Energy Infrastructure stock. California State Teachers Retirement System bought a new stake in shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,822 shares of the company’s stock, valued at approximately $52,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

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.