Russell Investments Group Ltd. Increases Position in Solaris Oilfield Infrastructure, Inc. (NYSE:SOI)

Russell Investments Group Ltd. lifted its holdings in Solaris Oilfield Infrastructure, Inc. (NYSE:SOIGet Rating) by 70.2% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 980,399 shares of the company’s stock after buying an additional 404,445 shares during the period. Russell Investments Group Ltd. owned approximately 2.14% of Solaris Oilfield Infrastructure worth $11,065,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Ellevest Inc. boosted its stake in shares of Solaris Oilfield Infrastructure by 74.8% in the 1st quarter. Ellevest Inc. now owns 3,220 shares of the company’s stock worth $36,000 after buying an additional 1,378 shares during the last quarter. HGK Asset Management Inc. lifted its position in shares of Solaris Oilfield Infrastructure by 5.1% during the 1st quarter. HGK Asset Management Inc. now owns 80,108 shares of the company’s stock valued at $904,000 after buying an additional 3,859 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Solaris Oilfield Infrastructure by 38.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 15,355 shares of the company’s stock worth $173,000 after acquiring an additional 4,266 shares during the period. Assenagon Asset Management S.A. increased its holdings in Solaris Oilfield Infrastructure by 13.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 41,419 shares of the company’s stock worth $468,000 after acquiring an additional 5,069 shares during the last quarter. Finally, Raymond James & Associates increased its holdings in Solaris Oilfield Infrastructure by 9.4% in the 4th quarter. Raymond James & Associates now owns 68,578 shares of the company’s stock worth $449,000 after acquiring an additional 5,874 shares during the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, TheStreet raised Solaris Oilfield Infrastructure from a “c+” rating to a “b” rating in a report on Tuesday.

Solaris Oilfield Infrastructure Trading Up 1.9 %

Shares of SOI opened at $10.93 on Friday. The business has a 50-day moving average of $11.35 and a 200 day moving average of $10.73. Solaris Oilfield Infrastructure, Inc. has a fifty-two week low of $6.11 and a fifty-two week high of $14.61. The firm has a market cap of $508.94 million, a P/E ratio of 35.26 and a beta of 1.35. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.32 and a current ratio of 1.59.

Solaris Oilfield Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 17th. Investors of record on Tuesday, June 7th were issued a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend was Monday, June 6th. Solaris Oilfield Infrastructure’s dividend payout ratio (DPR) is currently 135.49%.

Insiders Place Their Bets

In related news, CEO William A. Zartler bought 7,000 shares of the business’s stock in a transaction on Monday, May 9th. The stock was acquired at an average price of $10.99 per share, for a total transaction of $76,930.00. Following the purchase, the chief executive officer now directly owns 551,175 shares in the company, valued at $6,057,413.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Solaris Oilfield Infrastructure news, Director James R. Burke sold 6,243 shares of the firm’s stock in a transaction dated Wednesday, May 11th. The stock was sold at an average price of $12.18, for a total value of $76,039.74. Following the completion of the transaction, the director now owns 22,087 shares in the company, valued at approximately $269,019.66. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO William A. Zartler purchased 7,000 shares of the company’s stock in a transaction dated Monday, May 9th. The shares were acquired at an average price of $10.99 per share, with a total value of $76,930.00. Following the transaction, the chief executive officer now owns 551,175 shares in the company, valued at approximately $6,057,413.25. The disclosure for this purchase can be found here. Insiders sold a total of 71,037 shares of company stock worth $918,647 in the last quarter. 30.59% of the stock is owned by company insiders.

About Solaris Oilfield Infrastructure

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Solaris Oilfield Infrastructure, Inc designs, manufactures, and sells mobile equipment to unload, store, and deliver proppant, water, and chemicals at oil and natural gas well sites in the United States. It is involved in the transloading and storage of proppant or railcars at its transloading facility.

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Institutional Ownership by Quarter for Solaris Oilfield Infrastructure (NYSE:SOI)

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