Insider Selling: Solaris Energy Infrastructure (NYSE:SEI) Director Sells 56,841 Shares of Stock

Solaris Energy Infrastructure, Inc. (NYSE:SEI) Director Ray Walker, Jr. sold 56,841 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $72.11, for a total value of $4,098,804.51. Following the transaction, the director directly owned 5,760 shares of the company’s stock, valued at $415,353.60. The trade was a 90.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Solaris Energy Infrastructure Price Performance

SEI traded up $1.85 during midday trading on Monday, hitting $74.81. The stock had a trading volume of 1,861,033 shares, compared to its average volume of 2,715,659. The company has a market cap of $5.12 billion, a P/E ratio of 84.06 and a beta of 1.25. The business has a fifty day moving average of $60.72 and a 200 day moving average of $53.96. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.07 and a current ratio of 1.11. Solaris Energy Infrastructure, Inc. has a 1 year low of $21.22 and a 1 year high of $81.24.

Solaris Energy Infrastructure (NYSE:SEI) last issued its earnings results on Monday, April 27th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.18. The business had revenue of $196.24 million during the quarter. Solaris Energy Infrastructure had a return on equity of 13.33% and a net margin of 6.69%. As a group, equities analysts forecast that Solaris Energy Infrastructure, Inc. will post 1.3 earnings per share for the current fiscal year.

Institutional Trading of Solaris Energy Infrastructure

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cullen Frost Bankers Inc. purchased a new stake in Solaris Energy Infrastructure in the fourth quarter worth $28,000. Signaturefd LLC lifted its stake in Solaris Energy Infrastructure by 344.9% in the fourth quarter. Signaturefd LLC now owns 614 shares of the company’s stock worth $28,000 after acquiring an additional 476 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Solaris Energy Infrastructure in the third quarter worth $31,000. Larson Financial Group LLC lifted its stake in Solaris Energy Infrastructure by 363.0% in the third quarter. Larson Financial Group LLC now owns 1,014 shares of the company’s stock worth $41,000 after acquiring an additional 795 shares during the period. Finally, Assetmark Inc. lifted its stake in Solaris Energy Infrastructure by 29.1% in the third quarter. Assetmark Inc. now owns 1,130 shares of the company’s stock worth $45,000 after acquiring an additional 255 shares during the period. Institutional investors own 67.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on SEI shares. Stifel Nicolaus upped their target price on Solaris Energy Infrastructure from $71.00 to $93.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Wells Fargo & Company upped their target price on Solaris Energy Infrastructure from $71.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 29th. Glj Research assumed coverage on Solaris Energy Infrastructure in a research note on Thursday, March 5th. They issued a “buy” rating and a $60.00 target price for the company. Wall Street Zen downgraded Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Finally, Weiss Ratings upgraded Solaris Energy Infrastructure from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Solaris Energy Infrastructure presently has a consensus rating of “Moderate Buy” and an average price target of $75.18.

About Solaris Energy Infrastructure

Solaris Energy Infrastructure Fund Inc (NYSE: SEI) is a closed-end management investment company that seeks to provide total return through a combination of current income and capital appreciation. The fund pursues its objective by investing primarily in equity securities of energy infrastructure companies, including master limited partnerships (MLPs) and other midstream entities. SEI is externally managed by Solaris Asset Management LP, a firm specializing in energy infrastructure investments.

The fund’s portfolio targets businesses involved in the gathering, processing, transportation, storage and terminalling of oil, natural gas and refined products.