Insider Buying: Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) Director Acquires $89,720.00 in Stock

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Get Free Report) Director Laurie H. Argo bought 4,000 shares of Solaris Energy Infrastructure stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average price of $22.43 per share, with a total value of $89,720.00. Following the purchase, the director now directly owns 46,064 shares of the company's stock, valued at approximately $1,033,215.52. This represents a 9.51 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

Solaris Energy Infrastructure Stock Up 5.9 %

Shares of SEI stock traded up $1.36 during trading hours on Friday, hitting $24.37. 135,381 shares of the company's stock traded hands, compared to its average volume of 790,442. The stock has a fifty day moving average price of $28.94. Solaris Energy Infrastructure, Inc. has a 12-month low of $10.96 and a 12-month high of $39.03. The firm has a market cap of $1.64 billion, a PE ratio of 55.21 and a beta of 1.32. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.40 and a current ratio of 3.61.

Solaris Energy Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Tuesday, March 11th will be issued a $0.12 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $0.48 dividend on an annualized basis and a yield of 1.97%. Solaris Energy Infrastructure's payout ratio is currently 97.96%.

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Analyst Upgrades and Downgrades

SEI has been the topic of a number of recent analyst reports. Tudor, Pickering, Holt & Co. initiated coverage on Solaris Energy Infrastructure in a research report on Wednesday, January 22nd. They issued a "buy" rating and a $41.00 price objective on the stock. Tudor Pickering raised Solaris Energy Infrastructure to a "strong-buy" rating in a research note on Wednesday, January 22nd. Stifel Nicolaus raised their price objective on Solaris Energy Infrastructure from $42.00 to $48.00 and gave the company a "buy" rating in a research note on Monday, February 24th. Janney Montgomery Scott initiated coverage on Solaris Energy Infrastructure in a research note on Tuesday, February 25th. They issued a "buy" rating and a $57.00 target price on the stock. Finally, Piper Sandler initiated coverage on Solaris Energy Infrastructure in a research report 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. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $45.75.

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.