Readystate Asset Management LP Purchases Shares of 38,012 Solaris Energy Infrastructure, Inc. $SEI

Readystate Asset Management LP acquired a new stake in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 38,012 shares of the company’s stock, valued at approximately $3,058,000.

Several other hedge funds also recently made changes to their positions in SEI. Royal Bank of Canada bought a new stake in shares of Solaris Energy Infrastructure in the 1st quarter worth approximately $477,000. AQR Capital Management LLC acquired a new position in Solaris Energy Infrastructure in the first quarter worth approximately $2,475,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Solaris Energy Infrastructure in the first quarter valued at $396,000. Goldman Sachs Group Inc. bought a new position in shares of Solaris Energy Infrastructure in the first quarter valued at $13,714,000. Finally, Strs Ohio acquired a new stake in shares of Solaris Energy Infrastructure during the 1st quarter valued at $28,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

Analysts Set New Price Targets

SEI has been the subject of several research reports. Weiss Ratings lowered Solaris Energy Infrastructure from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Wall Street Zen lowered Solaris Energy Infrastructure from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 8th. Morgan Stanley upped their target price on Solaris Energy Infrastructure from $81.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, June 4th. Wolfe Research initiated coverage on Solaris Energy Infrastructure in a research report on Monday, July 6th. They issued an “outperform” rating and a $120.00 price target for the company. Finally, Needham & Company LLC reissued a “buy” rating and issued a $98.00 price target on shares of Solaris Energy Infrastructure in a research note on Wednesday, September 2nd. Ten equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $87.17.

Solaris Energy Infrastructure Trading Up 0.1%

Solaris Energy Infrastructure stock opened at $55.08 on Monday. Solaris Energy Infrastructure, Inc. has a 52 week low of $24.57 and a 52 week high of $86.19. The company has a debt-to-equity ratio of 2.23, a quick ratio of 4.03 and a current ratio of 4.12. The firm has a market capitalization of $4.22 billion, a price-to-earnings ratio of 64.80 and a beta of 1.25. The company has a 50 day moving average price of $59.61 and a 200 day moving average price of $63.47.

Solaris Energy Infrastructure (NYSE:SEI) last announced its earnings results on Wednesday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.08. The company had revenue of $219.40 million for the quarter. Solaris Energy Infrastructure had a net margin of 7.19% and a return on equity of 13.26%. Research analysts forecast that Solaris Energy Infrastructure, Inc. will post 0.84 EPS 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.