Solaris Energy Infrastructure (NASDAQ:SEI) Trading Down 5.3% – Should You Sell?

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Piper Sandler assumed coverage on shares of Solaris Energy Infrastructure in a report on Thursday, February 20th. They set an “overweight” rating and a $37.00 price target for the company. Janney Montgomery Scott assumed coverage on shares of Solaris Energy Infrastructure in a report on Tuesday, February 25th. They set a “buy” rating and a $57.00 price target for the company. Stifel Nicolaus raised their price target on shares of 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 raised shares of Solaris Energy Infrastructure to a “strong-buy” rating in a research report on Wednesday, January 22nd. Finally, Tudor, Pickering, Holt & Co. started coverage on shares of Solaris Energy Infrastructure in a research report on Wednesday, January 22nd. They set a “buy” rating and a $41.00 price objective for the company. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Solaris Energy Infrastructure currently has a consensus rating of “Buy” and an average price target of $45.75.

Solaris Energy Infrastructure Stock 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 firm has a market capitalization of $1.51 billion, a P/E ratio of 51.20 and a beta of 1.32. The business’s 50-day moving average is $28.14.

Solaris Energy Infrastructure Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders 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 yield of 2.13%. Solaris Energy Infrastructure’s dividend payout ratio is presently 97.96%.

Insider Buying and Selling at Solaris Energy Infrastructure

In other news, Director Laurie H. Argo acquired 4,000 shares of Solaris Energy Infrastructure stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average cost of $22.43 per share, for a total transaction of $89,720.00. Following 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 34.71% of the stock is currently owned by corporate insiders.

Institutional Investors 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 stake in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,822 shares of the company’s stock, valued at approximately $52,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

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.