Solaris Energy Infrastructure (NASDAQ:SEI) Trading 4.9% Higher - Still a Buy?

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Get Free Report)'s stock price rose 4.9% during mid-day trading on Tuesday . The company traded as high as $21.37 and last traded at $21.45. Approximately 1,201,008 shares traded hands during trading, an increase of 42% from the average daily volume of 845,167 shares. The stock had previously closed at $20.46.

Analyst Upgrades and Downgrades

Several research firms have commented on SEI. Tudor, Pickering, Holt & Co. initiated coverage on Solaris Energy Infrastructure in a research note on Wednesday, January 22nd. They issued a "buy" rating and a $41.00 target price on the stock. Janney Montgomery Scott started coverage on shares of Solaris Energy Infrastructure in a research report on Tuesday, February 25th. They issued a "buy" rating and a $57.00 price objective on the stock. Piper Sandler initiated coverage on shares of Solaris Energy Infrastructure in a research report on Thursday, February 20th. They issued an "overweight" rating and a $37.00 target price for the company. Tudor Pickering raised shares of Solaris Energy Infrastructure to a "strong-buy" rating in a research report on Wednesday, January 22nd. Finally, Stifel Nicolaus lifted 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. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $45.75.

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Solaris Energy Infrastructure Stock Performance

The stock has a market capitalization of $1.51 billion, a P/E ratio of 51.20 and a beta of 1.32. The firm's 50-day moving average price is $28.14. The company has a current ratio of 3.61, a quick ratio of 3.40 and a debt-to-equity ratio of 0.77.

Solaris Energy Infrastructure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, March 11th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date was Tuesday, March 11th. Solaris Energy Infrastructure's payout ratio is currently 97.96%.

Insiders Place Their Bets

In other news, Director Laurie H. Argo bought 4,000 shares of the firm's stock in a transaction dated Tuesday, March 11th. The shares were bought 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 $1,033,215.52. This trade represents a 9.51 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 34.71% of the company's stock.

Institutional Trading of Solaris Energy Infrastructure

A hedge fund recently bought a new stake in Solaris Energy Infrastructure stock. California State Teachers Retirement System bought a new stake in shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,822 shares of the company's stock, valued at approximately $52,000. Institutional investors own 67.44% of the company's stock.

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.