Solaris Energy Infrastructure (NASDAQ:SEI) Sees Large Volume Increase – Time to Buy?

Shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) saw an uptick in trading volume on Monday . 1,940,456 shares traded hands during mid-day trading, an increase of 138% from the previous session’s volume of 816,193 shares.The stock last traded at $20.18 and had previously closed at $24.61.

Analyst Upgrades and Downgrades

A number of research firms have commented on SEI. Janney Montgomery Scott began coverage on Solaris Energy Infrastructure in a research report on Tuesday, February 25th. They issued a “buy” rating and a $57.00 price target on the stock. Tudor Pickering upgraded Solaris Energy Infrastructure to a “strong-buy” rating in a research report on Wednesday, January 22nd. Stifel Nicolaus upped their target price on Solaris Energy Infrastructure from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Monday, February 24th. Tudor, Pickering, Holt & Co. began coverage on Solaris Energy Infrastructure in a research report on Wednesday, January 22nd. They set a “buy” rating and a $41.00 target price on the stock. Finally, Piper Sandler began coverage on Solaris Energy Infrastructure in a research report on Thursday, February 20th. They set an “overweight” rating and a $37.00 target price on the stock. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $45.75.

Solaris Energy Infrastructure Trading Up 11.9 %

The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.40 and a current ratio of 3.61. The company’s 50-day moving average price is $28.49. The firm has a market cap of $1.54 billion, a P/E ratio of 52.05 and a beta of 1.32.

Solaris Energy Infrastructure Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Tuesday, March 11th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Tuesday, March 11th. Solaris Energy Infrastructure’s dividend payout ratio (DPR) is currently 97.96%.

Insider Buying and Selling

In other news, Director Laurie H. Argo purchased 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average cost of $22.43 per share, with a total value of $89,720.00. Following the purchase, the director now owns 46,064 shares in the company, valued at $1,033,215.52. This represents a 9.51 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 34.71% of the stock is owned by company insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Solaris Energy Infrastructure stock. California State Teachers Retirement System purchased a new position in shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 1,822 shares of the company’s stock, valued at approximately $52,000. 67.44% of the stock is owned by institutional investors.

Solaris Energy Infrastructure Company Profile

Solaris Energy Infrastructure, Inc is a holding company, which engages in the manufacture of patented mobile proppant management systems that unload, store, and deliver proppant to oil and natural gas well sites. Its products include Mobile Proppant and Mobile Chemical Management Systems, and Inventory Management Software.