Yousif Capital Management LLC Acquires New Holdings in Solaris Energy Infrastructure, Inc. $SEI

Yousif Capital Management LLC acquired a new position in Solaris Energy Infrastructure, Inc. (NYSE:SEI) in the third quarter, Holdings Channel reports. The fund acquired 17,155 shares of the company’s stock, valued at approximately $1,221,000.

A number of other hedge funds also recently bought and sold shares of the stock. Concurrent Investment Advisors LLC boosted its position in Solaris Energy Infrastructure by 4.4% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 7,114 shares of the company’s stock valued at $572,000 after acquiring an additional 300 shares in the last quarter. Balefire LLC increased its holdings in shares of Solaris Energy Infrastructure by 12.3% in the 3rd quarter. Balefire LLC now owns 3,109 shares of the company’s stock valued at $221,000 after acquiring an additional 341 shares during the period. Swiss National Bank increased its holdings in shares of Solaris Energy Infrastructure by 0.7% in the 1st quarter. Swiss National Bank now owns 86,900 shares of the company’s stock valued at $4,911,000 after acquiring an additional 600 shares during the period. Pinnacle Associates Ltd. raised its position in shares of Solaris Energy Infrastructure by 0.5% in the 3rd quarter. Pinnacle Associates Ltd. now owns 123,730 shares of the company’s stock worth $8,807,000 after acquiring an additional 602 shares in the last quarter. Finally, SBI Securities Co. Ltd. raised its position in shares of Solaris Energy Infrastructure by 111.8% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,167 shares of the company’s stock worth $83,000 after acquiring an additional 616 shares in the last quarter. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Insider Activity at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, Director A. Teague acquired 3,900 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The stock was purchased at an average price of $64.21 per share, for a total transaction of $250,419.00. Following the acquisition, the director owned 116,865 shares in the company, valued at approximately $7,503,901.65. This trade represents a 3.45% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 20.23% of the company’s stock.

Wall Street Analysts Forecast Growth

SEI has been the subject of a number of analyst reports. Weiss Ratings cut Solaris Energy Infrastructure from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Wall Street Zen raised Solaris Energy Infrastructure from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 3rd. Stifel Nicolaus lifted their target price on Solaris Energy Infrastructure from $98.00 to $101.00 and gave the company a “buy” rating in a research note on Thursday, September 24th. Citigroup boosted their target price on shares of Solaris Energy Infrastructure from $84.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, September 24th. Finally, Barclays increased their price target on shares of Solaris Energy Infrastructure from $90.00 to $116.00 and gave the company an “overweight” rating in a research report on Monday, September 28th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $94.08.

Solaris Energy Infrastructure Price Performance

Shares of SEI opened at $70.66 on Friday. The company has a market cap of $5.41 billion, a price-to-earnings ratio of 46.08 and a beta of 1.28. Solaris Energy Infrastructure, Inc. has a twelve month low of $38.50 and a twelve month high of $86.19. The company has a quick ratio of 4.03, a current ratio of 4.12 and a debt-to-equity ratio of 2.23. The company has a 50 day moving average of $64.99 and a two-hundred day moving average of $63.22.

Solaris Energy Infrastructure (NYSE:SEI) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.08. The business 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%. As a group, analysts predict that Solaris Energy Infrastructure, Inc. will post 1.42 earnings per share for the current fiscal year.

Solaris Energy Infrastructure Profile

Solaris Energy Infrastructure, Inc provides infrastructure solutions for energy-intensive industries in North America. The company develops, deploys and operates power-generation and power-management systems designed to deliver reliable electricity to customers with substantial or specialized energy needs, including data centers and other high-demand facilities.

Solaris also provides logistics infrastructure and related services for the oil and natural gas industry. Its offerings have included mobile and fixed proppant-management systems, silo storage, transloading and last-mile delivery solutions used to transport and manage sand and other materials at wellsites.

Founded in 2014 as Solaris Oilfield Infrastructure, the company historically focused on improving the efficiency of oilfield logistics before expanding into broader energy infrastructure and power solutions.