Gunderson Capital Management LLC Acquires Shares of 60,308 Solaris Energy Infrastructure, Inc. $SEI

Gunderson Capital Management LLC acquired a new position in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 60,308 shares of the company’s stock, valued at approximately $3,408,000.

Several other hedge funds and other institutional investors also recently modified their holdings of SEI. Advent International L.P. acquired a new stake in Solaris Energy Infrastructure during the third quarter valued at approximately $40,246,000. Situational Awareness LP grew 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 worth $85,803,000 after acquiring an additional 716,200 shares in the last quarter. Maxi Investments CY Ltd bought a new stake in shares of Solaris Energy Infrastructure in the 4th quarter valued at approximately $4,765,000. Mercuria Capital Strategies LLC bought a new stake in shares of Solaris Energy Infrastructure in the 3rd quarter valued at approximately $3,398,000. Finally, Hel Ved Capital Management Ltd bought a new stake in shares of Solaris Energy Infrastructure in the 3rd quarter valued at approximately $3,661,000. Institutional investors own 67.44% of the company’s stock.

Insider Buying and Selling

In other news, Director Laurie H. Argo sold 5,200 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $72.88, for a total transaction of $378,976.00. Following the completion of the transaction, the director owned 44,839 shares of the company’s stock, valued at approximately $3,267,866.32. The trade was a 10.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Aj Teague purchased 2,750 shares of the stock in a transaction dated Friday, May 8th. The shares were purchased at an average price of $72.98 per share, with a total value of $200,695.00. Following the transaction, the director directly owned 11,060 shares of the company’s stock, valued at approximately $807,158.80. The trade was a 33.09% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 4,099,593 shares of company stock valued at $297,782,099 in the last three months. 20.23% of the stock is owned by corporate insiders.

Solaris Energy Infrastructure Stock Down 3.6%

Shares of Solaris Energy Infrastructure stock opened at $76.56 on Friday. The stock has a market capitalization of $5.63 billion, a price-to-earnings ratio of 86.02 and a beta of 1.19. Solaris Energy Infrastructure, Inc. has a twelve month low of $24.57 and a twelve month high of $86.19. The company has a current ratio of 1.11, a quick ratio of 1.07 and a debt-to-equity ratio of 1.23. The business’s 50 day simple moving average is $73.57 and its 200-day simple moving average is $60.36.

Solaris Energy Infrastructure (NYSE:SEI) last released its quarterly earnings data 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 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%. Equities research analysts forecast that Solaris Energy Infrastructure, Inc. will post 1.09 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SEI. Stifel Nicolaus raised their price objective 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 boosted their target price on shares of Solaris Energy Infrastructure from $71.00 to $82.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. Glj Research assumed coverage on shares of Solaris Energy Infrastructure in a report on Thursday, March 5th. They set a “buy” rating and a $60.00 target price on the stock. Raymond James Financial restated an “outperform” rating and issued a $82.00 price target on shares of Solaris Energy Infrastructure in a research report on Wednesday, April 29th. Finally, Piper Sandler lifted their price target on shares of Solaris Energy Infrastructure from $65.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $81.80.

Solaris Energy Infrastructure Company 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.