Solaris Energy Infrastructure (NASDAQ:SEI) Shares Gap Down - Here's Why

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Get Free Report)'s share price gapped down prior to trading 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 changing hands.

Analyst Ratings Changes

SEI has been the topic of several research analyst reports. Tudor Pickering upgraded shares of Solaris Energy Infrastructure to a "strong-buy" rating in a research report on Wednesday, January 22nd. 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. Stifel Nicolaus upped their price target on Solaris Energy Infrastructure from $42.00 to $48.00 and gave the company a "buy" rating in a report on Monday, February 24th. Janney Montgomery Scott started coverage on Solaris Energy Infrastructure in a report on Tuesday, February 25th. They set a "buy" rating and a $57.00 price objective on the stock. Finally, Piper Sandler started 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 equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $45.75.

Solaris Energy Infrastructure Price Performance

The company has a current ratio of 3.61, a quick ratio of 3.40 and a debt-to-equity ratio of 0.77. The business has a 50 day moving average price of $25.62. The firm has a market cap of $1.32 billion, a PE ratio of 44.56 and a beta of 1.12.

Solaris Energy Infrastructure Announces Dividend

The business also recently announced 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. The ex-dividend date was Tuesday, March 11th. This represents a $0.48 annualized dividend and a dividend yield of 2.45%. Solaris Energy Infrastructure's dividend payout ratio (DPR) is presently 97.96%.

Insider Activity at Solaris Energy Infrastructure

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

Institutional Trading of Solaris Energy Infrastructure

Large investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System bought a new stake in Solaris Energy Infrastructure during the 4th quarter worth approximately $52,000. GAMMA Investing LLC acquired a new position in Solaris Energy Infrastructure in the first quarter worth $435,000. Finally, Rhumbline Advisers bought a new stake in shares of Solaris Energy Infrastructure during the first quarter worth $962,000. 67.44% of the stock is owned by institutional investors.

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.