Solaris Energy Infrastructure (NASDAQ:SEI) Stock Price Down 15.2% – Here’s Why

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) shares fell 15.2% during mid-day trading on Thursday . The company traded as low as $16.81 and last traded at $16.51. 425,261 shares changed hands during trading, a decline of 55% from the average session volume of 954,057 shares. The stock had previously closed at $19.46.

Analysts Set New Price Targets

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

Solaris Energy Infrastructure Price Performance

The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.40 and a current ratio of 3.61. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 39.67 and a beta of 1.12. The firm has a 50-day moving average price of $24.89.

Solaris Energy Infrastructure Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, March 11th were given a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $0.48 annualized dividend and a dividend yield of 2.75%. Solaris Energy Infrastructure’s payout ratio is 97.96%.

Insider Activity

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

Institutional Trading of Solaris Energy Infrastructure

Several hedge funds have recently made changes to their positions in the stock. Riverview Trust Co bought a new position in Solaris Energy Infrastructure in the 1st quarter worth about $47,000. California State Teachers Retirement System acquired a new position in shares of Solaris Energy Infrastructure during the fourth quarter worth approximately $52,000. GAMMA Investing LLC acquired a new position in shares of Solaris Energy Infrastructure during the first quarter worth approximately $435,000. Retirement Planning Group LLC bought a new position in Solaris Energy Infrastructure in the 1st quarter worth approximately $802,000. Finally, Rhumbline Advisers acquired a new stake in Solaris Energy Infrastructure in the 1st quarter valued at approximately $962,000. Institutional investors 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.