Solaris Energy Infrastructure (NASDAQ:SEI) Stock Price Up 7.4% - Still a Buy?

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Get Free Report)'s stock price shot up 7.4% during mid-day trading on Wednesday . The stock traded as high as $22.78 and last traded at $22.74. 324,170 shares were traded during trading, a decline of 64% from the average session volume of 910,540 shares. The stock had previously closed at $21.18.

Analysts Set New Price Targets

SEI has been the subject of several research reports. Tudor, Pickering, Holt & Co. assumed coverage on shares of Solaris Energy Infrastructure in a research note on Wednesday, January 22nd. They issued a "buy" rating and a $41.00 target price for the company. Tudor Pickering upgraded Solaris Energy Infrastructure to a "strong-buy" rating in a research report on Wednesday, January 22nd. Piper Sandler initiated coverage on 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. Stifel Nicolaus boosted their price target on shares of Solaris Energy Infrastructure from $42.00 to $48.00 and gave the company a "buy" rating in a report on Monday, February 24th. Finally, Janney Montgomery Scott initiated coverage on shares of Solaris Energy Infrastructure in a research note on Tuesday, February 25th. They issued a "buy" rating and a $57.00 target price on the stock. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $45.75.

Solaris Energy Infrastructure Stock Performance

The company's 50 day simple moving average is $26.10. 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 has a market cap of $1.14 billion, a P/E ratio of 38.51 and a beta of 1.12.

Solaris Energy Infrastructure Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, March 11th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.83%. The ex-dividend date of this dividend was Tuesday, March 11th. Solaris Energy Infrastructure's payout ratio is 97.96%.

Insider Buying and Selling

In related news, Director Laurie H. Argo bought 4,000 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was bought at an average cost of $22.43 per share, with a total value of $89,720.00. Following the completion of the purchase, the director now owns 46,064 shares in the company, valued at approximately $1,033,215.52. The trade was a 9.51 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 34.71% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Solaris Energy Infrastructure stock. GAMMA Investing LLC acquired a new position in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 19,976 shares of the company's stock, valued at approximately $435,000. Institutional investors and hedge funds 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.