Insider Selling: Solaris Energy Infrastructure (NYSE:SEI) Director Sells $378,976.00 in Stock

Solaris Energy Infrastructure, Inc. (NYSE:SEI) Director Laurie Argo sold 5,200 shares of the stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $72.88, for a total value of $378,976.00. Following the sale, the director owned 44,839 shares of the company’s stock, valued at $3,267,866.32. This trade represents a 10.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Solaris Energy Infrastructure Price Performance

Shares of NYSE:SEI opened at $78.48 on Friday. The stock has a fifty day moving average of $63.83 and a 200-day moving average of $55.06. The company has a market capitalization of $5.37 billion, a PE ratio of 88.18 and a beta of 1.25. Solaris Energy Infrastructure, Inc. has a one year low of $21.22 and a one year high of $81.24. 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 (NYSE:SEI) last released its earnings results on Monday, April 27th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.18. The company 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 anticipate that Solaris Energy Infrastructure, Inc. will post 1.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SEI. Northland Securities set a $86.00 target price on Solaris Energy Infrastructure in a report on Thursday, April 30th. Stifel Nicolaus increased their target price on Solaris Energy Infrastructure from $71.00 to $93.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Morgan Stanley restated an “overweight” rating and issued a $81.00 target price on shares of Solaris Energy Infrastructure in a report on Monday, April 27th. UBS Group set a $65.00 price target on shares of Solaris Energy Infrastructure in a research note on Tuesday, January 27th. Finally, Wall Street Zen downgraded shares of Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $79.10.

Hedge Funds Weigh In On Solaris Energy Infrastructure

A number of hedge funds have recently modified their holdings of SEI. Signaturefd LLC increased its position in Solaris Energy Infrastructure by 344.9% during the fourth quarter. Signaturefd LLC now owns 614 shares of the company’s stock worth $28,000 after buying an additional 476 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in Solaris Energy Infrastructure during the fourth quarter worth $28,000. Strs Ohio acquired a new position in Solaris Energy Infrastructure during the first quarter worth $28,000. Caitong International Asset Management Co. Ltd acquired a new position in Solaris Energy Infrastructure during the third quarter worth $31,000. Finally, Larson Financial Group LLC increased its position in Solaris Energy Infrastructure by 363.0% during the third quarter. Larson Financial Group LLC now owns 1,014 shares of the company’s stock worth $41,000 after buying an additional 795 shares during the last quarter. 67.44% of the stock is owned by institutional investors and hedge funds.

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.