Solaris Energy Infrastructure (NASDAQ:SEI) Sees Large Volume Increase – Time to Buy?

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) saw strong trading volume on Monday . 1,940,456 shares changed hands during mid-day trading, an increase of 138% from the previous session’s volume of 816,193 shares.The stock last traded at $20.18 and had previously closed at $24.61.

Analyst Ratings Changes

Several analysts have recently commented on the company. Janney Montgomery Scott assumed coverage on Solaris Energy Infrastructure in a research note on Tuesday, February 25th. They issued a “buy” rating and a $57.00 price objective for the company. Tudor Pickering raised Solaris Energy Infrastructure to a “strong-buy” rating in a research note on Wednesday, January 22nd. Stifel Nicolaus increased their price objective on Solaris Energy Infrastructure from $42.00 to $48.00 and gave the stock a “buy” rating in a research note on Monday, February 24th. Piper Sandler initiated coverage on Solaris Energy Infrastructure in a research note on Thursday, February 20th. They issued an “overweight” rating and a $37.00 price objective for the company. Finally, Tudor, Pickering, Holt & Co. initiated coverage on Solaris Energy Infrastructure in a report on Wednesday, January 22nd. They issued a “buy” rating and a $41.00 target price for the company. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $45.75.

Solaris Energy Infrastructure Price Performance

The firm has a market capitalization of $1.54 billion, a P/E ratio of 52.05 and a beta of 1.32. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.61 and a quick ratio of 3.40. The firm’s fifty day moving average is $28.49.

Solaris Energy Infrastructure Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Tuesday, March 11th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Tuesday, March 11th. Solaris Energy Infrastructure’s dividend payout ratio is presently 97.96%.

Insider Activity

In other news, Director Laurie H. Argo acquired 4,000 shares of Solaris Energy Infrastructure stock in a transaction on Tuesday, March 11th. The stock was acquired 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 in the company, valued at approximately $1,033,215.52. This trade represents a 9.51 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 34.71% of the stock is currently owned by corporate insiders.

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 acquired a new stake in shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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.