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

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $22.47, but opened at $23.50. Solaris Energy Infrastructure shares last traded at $23.42, with a volume of 60,381 shares changing hands.

Analyst Ratings Changes

Several research analysts have recently issued reports on SEI shares. Piper Sandler assumed coverage on shares of Solaris Energy Infrastructure in a report on Thursday, February 20th. They set an "overweight" rating and a $37.00 price objective on the stock. Tudor Pickering raised Solaris Energy Infrastructure to a "strong-buy" rating in a report on Wednesday, January 22nd. 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. Stifel Nicolaus raised their target price on 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. started coverage on shares of Solaris Energy Infrastructure in a report on Wednesday, January 22nd. They set a "buy" rating and a $41.00 price objective for the company. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Solaris Energy Infrastructure presently has a consensus rating of "Buy" and an average target price of $45.75.

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Solaris Energy Infrastructure Trading Down 2.8 %

The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 51.36 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. The company has a 50-day moving average of $27.60.

Solaris Energy Infrastructure Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date was Tuesday, March 11th. Solaris Energy Infrastructure's dividend payout ratio is 97.96%.

Insider Buying and Selling

In other news, Director Laurie H. Argo bought 4,000 shares of the stock in a transaction that occurred on 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 completion of 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 at this link. 34.71% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

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) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,822 shares of the company's stock, valued at approximately $52,000. 67.44% of the stock is currently 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.