Fred Alger Management Inc. acquired a new position in Solaris Oilfield Infrastructure Inc (NYSE:SOI) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 78,742 shares of the company’s stock, valued at approximately $1,686,000. Fred Alger Management Inc. owned 0.18% of Solaris Oilfield Infrastructure at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of SOI. Alliancebernstein L.P. bought a new stake in shares of Solaris Oilfield Infrastructure in the second quarter worth $125,000. Teachers Advisors LLC purchased a new position in Solaris Oilfield Infrastructure during the second quarter valued at $203,000. New York State Common Retirement Fund purchased a new position in Solaris Oilfield Infrastructure during the second quarter valued at $123,000. Northern Trust Corp purchased a new position in Solaris Oilfield Infrastructure during the second quarter valued at $1,300,000. Finally, Vanguard Group Inc. purchased a new position in Solaris Oilfield Infrastructure during the second quarter valued at $2,005,000. 68.00% of the stock is owned by institutional investors.
In other news, major shareholder Solaris Energy Capital, Llc sold 567,444 shares of the business’s stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $21.65, for a total value of $12,285,162.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Kyle S. Ramachandran sold 62,937 shares of the business’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $21.65, for a total value of $1,362,586.05. The disclosure for this sale can be found here. Insiders sold 2,059,988 shares of company stock worth $44,598,740 over the last 90 days.
Solaris Oilfield Infrastructure Inc (NYSE SOI) opened at $16.51 on Wednesday. Solaris Oilfield Infrastructure Inc has a 52-week low of $9.90 and a 52-week high of $23.98. The company has a current ratio of 4.27, a quick ratio of 3.90 and a debt-to-equity ratio of 0.10.
Solaris Oilfield Infrastructure (NYSE:SOI) last announced its quarterly earnings data on Tuesday, March 6th. The company reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.01). Solaris Oilfield Infrastructure had a net margin of 12.50% and a return on equity of 11.07%. The business had revenue of $25.20 million during the quarter, compared to analysts’ expectations of $24.22 million. The business’s revenue for the quarter was up 245.8% compared to the same quarter last year. equities research analysts predict that Solaris Oilfield Infrastructure Inc will post 1.79 EPS for the current year.
Solaris Oilfield Infrastructure Company Profile
Solaris Oilfield Infrastructure, Inc manufactures and provides its mobile proppant management systems that unload, store and deliver proppant at oil and natural gas well sites. The Company offers its services to oil and natural gas exploration and production (E&P) companies, as well as oilfield service companies.
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