Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) Director Purchases $89,720.00 in Stock

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) Director Laurie H. Argo bought 4,000 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was bought at an average price of $22.43 per share, with a total value of $89,720.00. Following the transaction, the director now owns 46,064 shares in the company, valued at approximately $1,033,215.52. This represents a 9.51 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Solaris Energy Infrastructure Trading Down 8.8 %

NASDAQ:SEI opened at $23.01 on Friday. Solaris Energy Infrastructure, Inc. has a 1 year low of $8.09 and a 1 year high of $39.03. The firm has a fifty day moving average price of $28.94. The company has a quick ratio of 3.40, a current ratio of 3.61 and a debt-to-equity ratio of 0.77. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 52.30 and a beta of 1.32.

Solaris Energy Infrastructure Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Tuesday, March 11th will be paid a $0.12 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $0.48 dividend on an annualized basis and a yield of 2.09%. Solaris Energy Infrastructure’s payout ratio is presently 97.96%.

Analyst Ratings Changes

SEI has been the topic of several analyst reports. Janney Montgomery Scott initiated coverage on shares of Solaris Energy Infrastructure in a research note on Tuesday, February 25th. They set a “buy” rating and a $57.00 price target on the stock. Tudor Pickering upgraded shares of Solaris Energy Infrastructure to a “strong-buy” rating in a research note on Wednesday, January 22nd. Stifel Nicolaus increased their price target on shares of Solaris Energy Infrastructure from $42.00 to $48.00 and gave the stock a “buy” rating in a research note on Monday, February 24th. Tudor, Pickering, Holt & Co. initiated coverage on shares of Solaris Energy Infrastructure in a research note on Wednesday, January 22nd. They set a “buy” rating and a $41.00 price target on the stock. Finally, Piper Sandler initiated coverage on shares of Solaris Energy Infrastructure in a research note on Thursday, February 20th. They set an “overweight” rating and a $37.00 price target on the stock. Five investment 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, Solaris Energy Infrastructure currently has an average rating of “Buy” and a consensus target price of $45.75.

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.