GW&K Investment Management LLC Sells 5,260 Shares of Solaris Oilfield Infrastructure, Inc. (NYSE:SOI)

GW&K Investment Management LLC reduced its position in Solaris Oilfield Infrastructure, Inc. (NYSE:SOIFree Report) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 217,695 shares of the company’s stock after selling 5,260 shares during the quarter. GW&K Investment Management LLC’s holdings in Solaris Oilfield Infrastructure were worth $1,733,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Solaris Oilfield Infrastructure by 0.7% in the third quarter. Vanguard Group Inc. now owns 1,683,678 shares of the company’s stock worth $17,948,000 after purchasing an additional 11,006 shares in the last quarter. RK Capital Management LLC grew its position in Solaris Oilfield Infrastructure by 25.1% in the third quarter. RK Capital Management LLC now owns 694,700 shares of the company’s stock valued at $7,406,000 after acquiring an additional 139,200 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Solaris Oilfield Infrastructure by 0.7% during the fourth quarter. Victory Capital Management Inc. now owns 633,890 shares of the company’s stock valued at $5,046,000 after acquiring an additional 4,120 shares during the period. Meros Investment Management LP boosted its stake in shares of Solaris Oilfield Infrastructure by 3.0% in the 3rd quarter. Meros Investment Management LP now owns 557,959 shares of the company’s stock valued at $5,948,000 after purchasing an additional 16,473 shares in the last quarter. Finally, Ballast Asset Management LP bought a new stake in shares of Solaris Oilfield Infrastructure in the 3rd quarter worth about $3,222,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

Insider Buying and Selling

In other Solaris Oilfield Infrastructure news, insider Christopher M. Powell sold 17,500 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $8.50, for a total value of $148,750.00. Following the transaction, the insider now owns 130,202 shares of the company’s stock, valued at $1,106,717. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 34.71% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, TheStreet downgraded shares of Solaris Oilfield Infrastructure from a “b-” rating to a “c+” rating in a report on Wednesday, January 24th.

Read Our Latest Research Report on SOI

Solaris Oilfield Infrastructure Stock Performance

Shares of NYSE:SOI opened at $8.94 on Thursday. The business has a fifty day moving average of $8.82 and a 200-day moving average of $8.29. The firm has a market cap of $393.54 million, a PE ratio of 13.15 and a beta of 1.27. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.58 and a current ratio of 1.78. Solaris Oilfield Infrastructure, Inc. has a twelve month low of $6.59 and a twelve month high of $11.32.

Solaris Oilfield Infrastructure (NYSE:SOIGet Free Report) last announced its earnings results on Thursday, April 25th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. Solaris Oilfield Infrastructure had a net margin of 7.58% and a return on equity of 10.82%. The company had revenue of $67.89 million for the quarter, compared to analyst estimates of $63.55 million. On average, equities research analysts predict that Solaris Oilfield Infrastructure, Inc. will post 0.49 EPS for the current fiscal year.

Solaris Oilfield Infrastructure Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, June 7th will be given a $0.12 dividend. The ex-dividend date is Friday, June 7th. This represents a $0.48 annualized dividend and a dividend yield of 5.37%. Solaris Oilfield Infrastructure’s dividend payout ratio is currently 70.59%.

About Solaris Oilfield Infrastructure

(Free Report)

Solaris Oilfield Infrastructure, Inc designs and manufactures specialized equipment for oil and natural gas operators in the United States. The company provides mobile proppant and fluid management systems, as well as last mile logistics management services. It offers systems, mobilization, and last mile logistics services that are used to unload, store, and deliver proppant, water and/or chemicals at oil and natural gas well sites.

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Institutional Ownership by Quarter for Solaris Oilfield Infrastructure (NYSE:SOI)

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