Polymer Capital Management HK LTD Makes New $576,000 Investment in Solaris Energy Infrastructure, Inc. $SEI

Polymer Capital Management HK LTD bought a new position in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 12,540 shares of the company’s stock, valued at approximately $576,000.

Other large investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in shares of Solaris Energy Infrastructure by 2,120.7% during the fourth quarter. Principal Financial Group Inc. now owns 1,466,343 shares of the company’s stock worth $67,408,000 after buying an additional 1,400,311 shares during the period. Van ECK Associates Corp increased its stake in Solaris Energy Infrastructure by 623.5% during the 3rd quarter. Van ECK Associates Corp now owns 1,295,898 shares of the company’s stock worth $51,797,000 after buying an additional 1,116,794 shares during the period. Advent International L.P. purchased a new stake in shares of Solaris Energy Infrastructure in the 3rd quarter valued at approximately $40,246,000. Ceredex Value Advisors LLC purchased a new stake in shares of Solaris Energy Infrastructure in the 3rd quarter valued at approximately $35,050,000. Finally, Situational Awareness LP increased its position in shares of Solaris Energy Infrastructure by 62.3% in the 4th quarter. Situational Awareness LP now owns 1,866,500 shares of the company’s stock valued at $85,803,000 after purchasing an additional 716,200 shares during the last quarter. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on SEI shares. Morgan Stanley upped their target price on shares of Solaris Energy Infrastructure from $81.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, June 4th. Glj Research began coverage on shares of Solaris Energy Infrastructure in a research note on Thursday, March 5th. They set a “buy” rating and a $60.00 price target for the company. Zacks Research upgraded shares of Solaris Energy Infrastructure from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 12th. Stifel Nicolaus increased their price target on shares of Solaris Energy Infrastructure from $71.00 to $93.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, Northland Securities set a $104.00 price target on shares of Solaris Energy Infrastructure in a report on Friday. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Solaris Energy Infrastructure has a consensus rating of “Moderate Buy” and an average target price of $81.80.

Insiders Place Their Bets

In related news, Director Ray N. Walker, Jr. sold 56,841 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $72.11, for a total value of $4,098,804.51. Following the sale, the director directly owned 5,760 shares of the company’s stock, valued at approximately $415,353.60. This trade represents a 90.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christopher M. Powell sold 36,852 shares of Solaris Energy Infrastructure stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $74.63, for a total transaction of $2,750,264.76. Following the transaction, the insider directly owned 114,117 shares in the company, valued at approximately $8,516,551.71. This trade represents a 24.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 4,099,593 shares of company stock valued at $297,782,099. 20.23% of the stock is currently owned by corporate insiders.

Solaris Energy Infrastructure Stock Performance

Shares of NYSE SEI opened at $73.88 on Friday. The company has a market cap of $5.43 billion, a PE ratio of 83.01 and a beta of 1.19. Solaris Energy Infrastructure, Inc. has a 12 month low of $24.57 and a 12 month high of $81.24. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.11 and a quick ratio of 1.07. The company has a 50-day simple moving average of $69.70 and a 200-day simple moving average of $58.30.

Solaris Energy Infrastructure (NYSE:SEI) last released 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. Solaris Energy Infrastructure had a net margin of 6.69% and a return on equity of 13.33%. The business had revenue of $196.24 million for the quarter. On average, equities analysts anticipate that Solaris Energy Infrastructure, Inc. will post 1.26 earnings per share for the current year.

Solaris Energy Infrastructure Profile

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.