Solaris Energy Infrastructure, Inc. $SEI Shares Acquired by Moody Aldrich Partners LLC

by · The Markets Daily

Moody Aldrich Partners LLC increased its position in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI – Free Report) by 20.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 98,650 shares of the company’s stock after acquiring an additional 16,933 shares during the quarter. Moody Aldrich Partners LLC owned approximately 0.15% of Solaris Energy Infrastructure worth $3,943,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. acquired a new position in Solaris Energy Infrastructure in the 2nd quarter valued at about $25,000. Strs Ohio acquired a new stake in Solaris Energy Infrastructure during the first quarter worth $28,000. Nisa Investment Advisors LLC raised its position in Solaris Energy Infrastructure by 17.8% in the second quarter. Nisa Investment Advisors LLC now owns 2,199 shares of the company’s stock valued at $62,000 after purchasing an additional 333 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Solaris Energy Infrastructure by 2,227.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,746 shares of the company’s stock worth $78,000 after purchasing an additional 2,628 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Solaris Energy Infrastructure by 88.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,366 shares of the company’s stock worth $95,000 after purchasing an additional 1,577 shares during the last quarter. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Aj Teague acquired 2,310 shares of the stock in a transaction dated Wednesday, December 17th. The stock was acquired at an average cost of $43.13 per share, with a total value of $99,630.30. Following the completion of the transaction, the director owned 106,465 shares in the company, valued at $4,591,835.45. This represents a 2.22% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Laurie H. Argo sold 2,300 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $44.25, for a total transaction of $101,775.00. Following the completion of the sale, the director directly owned 50,039 shares in the company, valued at approximately $2,214,225.75. This trade represents a 4.39% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 2,164,094 shares of company stock worth $108,255,773. Corporate insiders own 21.20% of the company’s stock.

Solaris Energy Infrastructure Stock Performance

Shares of SEI stock opened at $45.99 on Thursday. The firm has a 50 day moving average of $48.26 and a two-hundred day moving average of $38.95. The stock has a market capitalization of $3.15 billion, a PE ratio of 48.93 and a beta of 1.14. The company has a quick ratio of 2.28, a current ratio of 2.39 and a debt-to-equity ratio of 0.69. Solaris Energy Infrastructure, Inc. has a 52 week low of $14.27 and a 52 week high of $57.17.

Solaris Energy Infrastructure (NYSE:SEI – Get Free Report) last announced its quarterly earnings data on Monday, November 3rd. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.08. Solaris Energy Infrastructure had a return on equity of 9.38% and a net margin of 7.02%.The business had revenue of $166.84 million for the quarter, compared to analysts’ expectations of $142.82 million. On average, research analysts predict that Solaris Energy Infrastructure, Inc. will post 0.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SEI shares. Citigroup increased their target price on shares of Solaris Energy Infrastructure from $38.00 to $56.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Morgan Stanley started coverage on shares of Solaris Energy Infrastructure in a research report on Tuesday, December 2nd. They set an “overweight” rating and a $68.00 price objective for the company. Zacks Research lowered Solaris Energy Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Weiss Ratings restated a “buy (b-)” rating on shares of Solaris Energy Infrastructure in a research report on Monday. Finally, Piper Sandler lifted their price objective on Solaris Energy Infrastructure from $50.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, November 17th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $52.80.

Check Out Our Latest Research Report on Solaris Energy Infrastructure

Solaris Energy Infrastructure Company Profile

(Free Report)

Solaris Energy Infrastructure Fund Inc (NYSE: SEI) is a closed-end management investment company that seeks to provide total return through a combination of current income and capital appreciation. The fund pursues its objective by investing primarily in equity securities of energy infrastructure companies, including master limited partnerships (MLPs) and other midstream entities. SEI is externally managed by Solaris Asset Management LP, a firm specializing in energy infrastructure investments.

The fund’s portfolio targets businesses involved in the gathering, processing, transportation, storage and terminalling of oil, natural gas and refined products.

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