Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Get Free Report) Director Laurie H. Argo purchased 4,000 shares of the stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average cost of $22.43 per share, for a total transaction 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. The trade was a 9.51 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Solaris Energy Infrastructure Stock Up 13.9 %
SEI stock opened at $25.32 on Thursday. The company has a 50-day moving average of $29.07. The firm has a market capitalization of $1.70 billion, a P/E ratio of 57.54 and a beta of 1.32. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.40 and a current ratio of 3.61. Solaris Energy Infrastructure, Inc. has a 52 week low of $8.09 and a 52 week high of $39.03.
Solaris Energy Infrastructure Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Tuesday, March 11th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend is Tuesday, March 11th. Solaris Energy Infrastructure's payout ratio is 97.96%.
Analyst Ratings Changes
Several research firms have recently weighed in on SEI. Piper Sandler started coverage on Solaris Energy Infrastructure in a research note on Thursday, February 20th. They issued an "overweight" rating and a $37.00 price objective on the stock. Janney Montgomery Scott assumed coverage on Solaris Energy Infrastructure in a report on Tuesday, February 25th. They issued a "buy" rating and a $57.00 price target on the stock. Stifel Nicolaus upped their price objective on Solaris Energy Infrastructure from $42.00 to $48.00 and gave the company a "buy" rating in a report on Monday, February 24th. Tudor Pickering raised Solaris Energy Infrastructure to a "strong-buy" rating in a research note on Wednesday, January 22nd. Finally, Tudor, Pickering, Holt & Co. started coverage on shares of Solaris Energy Infrastructure in a report on Wednesday, January 22nd. They set a "buy" rating and a $41.00 price objective on the stock. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Solaris Energy Infrastructure currently has an average rating of "Buy" and an average price target of $45.75.
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About Solaris Energy Infrastructure
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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.
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