Solaris Energy Infrastructure (NASDAQ:SEI) Trading Down 5.3% – Time to Sell?

Shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) traded down 5.3% on Thursday . The stock traded as low as $23.12 and last traded at $23.00. 528,048 shares were traded during mid-day trading, a decline of 39% from the average session volume of 868,764 shares. The stock had previously closed at $24.30.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on SEI shares. 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 report on Monday, February 24th. Tudor Pickering upgraded Solaris Energy Infrastructure to a “strong-buy” rating in a research note on Wednesday, January 22nd. Janney Montgomery Scott initiated coverage on Solaris Energy Infrastructure in a report on Tuesday, February 25th. They issued a “buy” rating and a $57.00 price target on the stock. 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 price target on the stock. Finally, Piper Sandler initiated coverage on Solaris Energy Infrastructure in a report on Thursday, February 20th. They set an “overweight” rating and a $37.00 price objective on the stock. 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 stock has an average rating of “Buy” and a consensus price target of $45.75.

Solaris Energy Infrastructure Stock Down 7.6 %

The stock has a market cap of $1.51 billion, a PE ratio of 51.02 and a beta of 1.32. The firm has a 50 day moving average price of $28.40. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.61 and a quick ratio of 3.40.

Solaris Energy Infrastructure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Tuesday, March 11th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend is 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 the firm’s stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of $22.43 per share, for a total transaction of $89,720.00. Following the completion of the transaction, the director now directly owns 46,064 shares in the company, valued at $1,033,215.52. The trade was a 9.51 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 34.71% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Solaris Energy Infrastructure

An institutional investor recently bought a new position in Solaris Energy Infrastructure stock. California State Teachers Retirement System acquired a new position in shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,822 shares of the company’s stock, valued at approximately $52,000. 67.44% of the stock is owned by hedge funds and other institutional investors.

Solaris Energy Infrastructure Company Profile

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.