Solaris Energy Infrastructure (NASDAQ:SEI) Sees Large Volume Increase - Should You Buy?

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Get Free Report) saw unusually-high trading volume on Monday . Approximately 1,940,456 shares changed hands during 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

SEI has been the subject of a number of research reports. Piper Sandler initiated coverage on shares of Solaris Energy Infrastructure in a research report on Thursday, February 20th. They set an "overweight" rating and a $37.00 price target for the company. Tudor Pickering raised shares of Solaris Energy Infrastructure to a "strong-buy" rating in a research report on Wednesday, January 22nd. Janney Montgomery Scott initiated coverage on shares of Solaris Energy Infrastructure in a research report on Tuesday, February 25th. They set a "buy" rating and a $57.00 price target for the company. Stifel Nicolaus upped their price target 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. Finally, Tudor, Pickering, Holt & Co. initiated 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. 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, the stock presently has an average rating of "Buy" and a consensus target price of $45.75.

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Solaris Energy Infrastructure Trading Up 2.0 %

The company has a quick ratio of 3.40, a current ratio of 3.61 and a debt-to-equity ratio of 0.77. The business's 50-day moving average price is $28.27. The stock has a market capitalization of $1.54 billion, a P/E ratio of 51.94 and a beta of 1.32.

Solaris Energy Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Tuesday, March 11th will be given 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 2.09%. Solaris Energy Infrastructure's payout ratio is currently 97.96%.

Insider Buying and Selling at Solaris Energy Infrastructure

In related news, Director Laurie H. Argo purchased 4,000 shares of Solaris Energy Infrastructure stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of $22.43 per share, with a total value of $89,720.00. Following the completion of the transaction, the director now owns 46,064 shares of the company's stock, valued at approximately $1,033,215.52. This trade represents a 9.51 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 34.71% of the stock is currently owned by corporate 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 purchased a new position in shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,822 shares of the company's stock, valued at approximately $52,000. Hedge funds and other 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.