Solaris Energy Infrastructure (NASDAQ:SEI) Shares Gap Up - What's Next?

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $17.72, but opened at $18.56. Solaris Energy Infrastructure shares last traded at $18.37, with a volume of 31,344 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SEI shares. Stifel Nicolaus increased their target price on Solaris Energy Infrastructure from $42.00 to $48.00 and gave the company a "buy" rating in a research report on Monday, February 24th. Janney Montgomery Scott initiated coverage on shares of Solaris Energy Infrastructure in a research report on Tuesday, February 25th. They issued a "buy" rating and a $57.00 target price on the stock. Northland Securities began coverage on shares of Solaris Energy Infrastructure in a research report on Tuesday. They set an "outperform" rating and a $37.00 price target for the company. Northland Capmk upgraded Solaris Energy Infrastructure to a "strong-buy" rating in a report on Tuesday. Finally, Tudor Pickering raised Solaris Energy Infrastructure to a "strong-buy" rating in a report on Wednesday, January 22nd. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $44.00.

Solaris Energy Infrastructure Stock 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 stock's fifty day simple moving average is $23.31 and its 200 day simple moving average is $23.72. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 45.81 and a beta of 1.12.

Solaris Energy Infrastructure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, March 11th were issued a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $0.48 annualized dividend and a dividend yield of 2.38%. Solaris Energy Infrastructure's dividend payout ratio is presently 97.96%.

Insiders Place Their Bets

In other news, Director Laurie H. Argo purchased 4,000 shares of the company's 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 in the company, valued at approximately $1,033,215.52. This represents a 9.51 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 21.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Congress Asset Management Co. purchased a new stake in Solaris Energy Infrastructure in the first quarter valued at $4,379,000. Ritholtz Wealth Management purchased a new stake in Solaris Energy Infrastructure in the 1st quarter valued at about $2,784,000. Rhumbline Advisers acquired a new position in Solaris Energy Infrastructure in the first quarter valued at about $962,000. Retirement Planning Group LLC purchased a new position in Solaris Energy Infrastructure during the first quarter worth about $802,000. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Solaris Energy Infrastructure during the first quarter valued at about $772,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

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.