Los Angeles Capital Management LLC Purchases 15,160 Shares of Solaris Oilfield Infrastructure, Inc. (NYSE:SOI)

Los Angeles Capital Management LLC increased its holdings in Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) by 7.6% in the fourth quarter, Holdings Channel reports. The fund owned 215,678 shares of the company’s stock after purchasing an additional 15,160 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Solaris Oilfield Infrastructure were worth $1,717,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Ballast Asset Management LP purchased a new position in Solaris Oilfield Infrastructure in the third quarter valued at about $3,222,000. Assenagon Asset Management S.A. purchased a new position in Solaris Oilfield Infrastructure in the fourth quarter worth $1,520,000. RK Capital Management LLC increased its position in Solaris Oilfield Infrastructure by 25.1% during the 3rd quarter. RK Capital Management LLC now owns 694,700 shares of the company’s stock valued at $7,406,000 after buying an additional 139,200 shares in the last quarter. Acuitas Investments LLC raised its stake in Solaris Oilfield Infrastructure by 16.2% in the third quarter. Acuitas Investments LLC now owns 448,423 shares of the company’s stock valued at $4,780,000 after buying an additional 62,411 shares during the last quarter. Finally, GSA Capital Partners LLP increased its holdings in shares of Solaris Oilfield Infrastructure by 83.1% during the third quarter. GSA Capital Partners LLP now owns 82,319 shares of the company’s stock valued at $878,000 after acquiring an additional 37,362 shares in the last quarter. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Solaris Oilfield Infrastructure Stock Up 0.3 %

SOI opened at $9.04 on Wednesday. The company has a fifty day moving average of $8.63 and a two-hundred day moving average of $8.31. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.58 and a current ratio of 1.78. Solaris Oilfield Infrastructure, Inc. has a fifty-two week low of $6.59 and a fifty-two week high of $11.32. The stock has a market capitalization of $397.94 million, a price-to-earnings ratio of 13.29 and a beta of 1.27.

Solaris Oilfield Infrastructure (NYSE:SOI) last issued its quarterly earnings results on Thursday, April 25th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The company had revenue of $67.89 million for the quarter, compared to the consensus estimate of $63.55 million. Solaris Oilfield Infrastructure had a return on equity of 10.82% and a net margin of 7.58%. On average, research analysts expect that Solaris Oilfield Infrastructure, Inc. will post 0.46 earnings per share for the current year.

Solaris Oilfield Infrastructure Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, June 7th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.48 annualized dividend and a yield of 5.31%. Solaris Oilfield Infrastructure’s dividend payout ratio (DPR) is currently 70.59%.

Wall Street Analyst Weigh In

Separately, TheStreet lowered shares of Solaris Oilfield Infrastructure from a “b-” rating to a “c+” rating in a report on Wednesday, January 24th.

Insider Buying and Selling

In related news, insider Christopher M. Powell sold 17,500 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $8.50, for a total transaction of $148,750.00. Following the transaction, the insider now directly owns 130,202 shares in the company, valued at $1,106,717. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 34.71% of the stock is owned by company insiders.

Solaris Oilfield Infrastructure Company Profile

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.