Solaris Energy Infrastructure (NASDAQ:SEI) Sees Large Volume Increase – Here’s What Happened

Shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) saw unusually-strong trading volume on Monday . Approximately 1,940,456 shares were traded during trading, an increase of 138% from the previous session’s volume of 816,193 shares.The stock last traded at $20.18 and had previously closed at $24.61.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SEI shares. Piper Sandler started coverage on shares of Solaris Energy Infrastructure in a research note on Thursday, February 20th. They issued an “overweight” rating and a $37.00 target price for the company. Tudor, Pickering, Holt & Co. started coverage on Solaris Energy Infrastructure in a research report on Wednesday, January 22nd. They issued a “buy” rating and a $41.00 price objective for the company. Janney Montgomery Scott started coverage on Solaris Energy Infrastructure in a report on Tuesday, February 25th. They set a “buy” rating and a $57.00 target price on the stock. Tudor Pickering raised Solaris Energy Infrastructure to a “strong-buy” rating in a report on Wednesday, January 22nd. Finally, Stifel Nicolaus lifted their price objective on shares of Solaris Energy Infrastructure from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday, February 24th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Solaris Energy Infrastructure presently has a consensus rating of “Buy” and a consensus target price of $45.75.

Solaris Energy Infrastructure Trading Down 15.5 %

The company has a market cap of $1.40 billion, a PE ratio of 47.58 and a beta of 1.32. The company’s 50-day moving average price is $28.84. 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 Announces Dividend

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 issued a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $0.48 annualized dividend and a yield of 2.31%. Solaris Energy Infrastructure’s payout ratio is 97.96%.

Insider Activity

In related news, Director Laurie H. Argo acquired 4,000 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average price of $22.43 per share, for a total transaction of $89,720.00. Following the completion of the acquisition, the director now owns 46,064 shares of the company’s stock, valued at approximately $1,033,215.52. This trade represents a 9.51 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 34.71% of the stock is owned by company insiders.

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.