Solaris Energy Infrastructure (NASDAQ:SEI) Shares Gap Down – Should You Sell?

Shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) gapped down before the market opened on Friday . The stock had previously closed at $18.39, but opened at $16.68. Solaris Energy Infrastructure shares last traded at $15.62, with a volume of 144,713 shares traded.

Wall Street Analysts Forecast Growth

SEI has been the subject of a number of research analyst reports. Tudor Pickering upgraded Solaris Energy Infrastructure to a “strong-buy” rating in a research note on Wednesday, January 22nd. Janney Montgomery Scott started coverage on Solaris Energy Infrastructure in a research report on Tuesday, February 25th. They set a “buy” rating and a $57.00 price objective for the company. Stifel Nicolaus upped their target price on shares of Solaris Energy Infrastructure from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday, February 24th. Tudor, Pickering, Holt & Co. started coverage on shares of Solaris Energy Infrastructure in a research report on Wednesday, January 22nd. They set a “buy” rating and a $41.00 price target for the company. Finally, Piper Sandler assumed coverage on shares of Solaris Energy Infrastructure in a research note on Thursday, February 20th. They set an “overweight” rating and a $37.00 price objective on the stock. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $45.75.

Solaris Energy Infrastructure Stock Performance

The firm has a 50-day moving average price of $26.10. The company has a market capitalization of $1.07 billion, a PE ratio of 36.07 and a beta of 1.12. The company has a current ratio of 3.61, a quick ratio of 3.40 and a debt-to-equity ratio of 0.77.

Solaris Energy Infrastructure Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, March 11th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.02%. The ex-dividend date was Tuesday, March 11th. Solaris Energy Infrastructure’s dividend payout ratio (DPR) is currently 97.96%.

Insider Buying and Selling

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

Hedge Funds Weigh In On Solaris Energy Infrastructure

A hedge fund recently bought a new stake in Solaris Energy Infrastructure stock. California State Teachers Retirement System acquired a new stake in shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,822 shares of the company’s stock, valued at approximately $52,000. Institutional investors own 67.44% of the company’s stock.

About Solaris Energy Infrastructure

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.