AI Squared Management Ltd Purchases New Holdings in Solaris Energy Infrastructure, Inc. $SEI

AI Squared Management Ltd purchased a new stake in Solaris Energy Infrastructure, Inc. (NYSE:SEI) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 85,500 shares of the company’s stock, valued at approximately $3,930,000. Solaris Energy Infrastructure accounts for about 4.6% of AI Squared Management Ltd’s portfolio, making the stock its 8th largest position.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Signaturefd LLC increased its position in Solaris Energy Infrastructure by 344.9% during the 4th quarter. Signaturefd LLC now owns 614 shares of the company’s stock worth $28,000 after purchasing an additional 476 shares during the period. Cullen Frost Bankers Inc. purchased a new stake in shares of Solaris Energy Infrastructure during the 4th quarter worth approximately $28,000. Strs Ohio purchased a new stake in shares of Solaris Energy Infrastructure during the 1st quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Solaris Energy Infrastructure during the 3rd quarter worth approximately $31,000. Finally, Larson Financial Group LLC boosted its stake in shares of Solaris Energy Infrastructure by 363.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,014 shares of the company’s stock worth $41,000 after acquiring an additional 795 shares in the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Insider Buying and Selling at Solaris Energy Infrastructure

In other news, insider Christopher M. Powell sold 36,852 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $74.63, for a total transaction of $2,750,264.76. Following the completion of the sale, the insider directly owned 114,117 shares in the company, valued at $8,516,551.71. This represents a 24.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Laurie H. Argo sold 5,200 shares of the stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $72.88, for a total value of $378,976.00. Following the completion of the sale, the director owned 44,839 shares of the company’s stock, valued at approximately $3,267,866.32. This represents a 10.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 4,099,593 shares of company stock worth $297,782,099. 20.23% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SEI. Morgan Stanley boosted their price target on Solaris Energy Infrastructure from $81.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, June 4th. Northland Securities set a $86.00 price target on Solaris Energy Infrastructure in a research note on Thursday, April 30th. Stifel Nicolaus boosted their price target on Solaris Energy Infrastructure from $71.00 to $93.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Weiss Ratings raised Solaris Energy Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Finally, Wall Street Zen lowered Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $80.00.

Solaris Energy Infrastructure Trading Up 11.3%

Shares of Solaris Energy Infrastructure stock opened at $75.93 on Friday. Solaris Energy Infrastructure, Inc. has a fifty-two week low of $24.57 and a fifty-two week high of $81.24. The firm has a market cap of $5.58 billion, a PE ratio of 85.31 and a beta of 1.19. The business’s fifty day moving average is $69.33 and its two-hundred day moving average is $58.19. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 1.23.

Solaris Energy Infrastructure (NYSE:SEI) last issued its quarterly earnings results on Monday, April 27th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.18. Solaris Energy Infrastructure had a return on equity of 13.33% and a net margin of 6.69%.The company had revenue of $196.24 million for the quarter. Analysts anticipate that Solaris Energy Infrastructure, Inc. will post 1.26 earnings per share for the current year.

Solaris Energy Infrastructure Company Profile

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.