Insider Selling: Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) Director Sells 8,000 Shares of Stock

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) Director James R. Burke sold 8,000 shares of Solaris Energy Infrastructure stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $16.72, for a total transaction of $133,760.00. Following the transaction, the director now directly owns 16,277 shares of the company’s stock, valued at approximately $272,151.44. This trade represents a 32.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Solaris Energy Infrastructure Price Performance

SEI opened at $18.22 on Friday. Solaris Energy Infrastructure, Inc. has a fifty-two week low of $6.59 and a fifty-two week high of $18.75. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.61 and a quick ratio of 1.10. The firm has a market cap of $801.68 million, a PE ratio of 34.27 and a beta of 1.22.

Solaris Energy Infrastructure (NASDAQ:SEI) last posted its earnings results on Monday, November 4th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). Solaris Energy Infrastructure had a return on equity of 6.66% and a net margin of 4.80%. The firm had revenue of $75.02 million for the quarter, compared to analyst estimates of $76.50 million. During the same period in the prior year, the business posted $0.19 EPS. On average, equities research analysts predict that Solaris Energy Infrastructure, Inc. will post 0.35 earnings per share for the current fiscal year.

Solaris Energy Infrastructure Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, December 6th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date is Friday, December 6th. Solaris Energy Infrastructure’s dividend payout ratio (DPR) is presently 109.09%.

Analyst Ratings Changes

A number of equities analysts have commented on SEI shares. Stifel Nicolaus lifted their price objective on shares of Solaris Energy Infrastructure from $15.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Pickering Energy Partners raised Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 6th.

About Solaris Energy Infrastructure

Solaris Oilfield Infrastructure, Inc designs and manufactures specialized equipment for oil and natural gas operators in the United States. The company provides mobile proppant and fluid management systems, as well as last mile logistics management services. It offers systems, mobilization, and last mile logistics services that are used to unload, store, and deliver proppant, water and/or chemicals at oil and natural gas well sites.