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

Los Angeles Capital Management LLC lifted its holdings in shares of Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) by 7.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 215,678 shares of the company’s stock after purchasing an additional 15,160 shares during the period. Los Angeles Capital Management LLC owned about 0.49% of Solaris Oilfield Infrastructure worth $1,717,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SOI. Victory Capital Management Inc. boosted its stake in Solaris Oilfield Infrastructure by 0.7% in the fourth quarter. Victory Capital Management Inc. now owns 633,890 shares of the company’s stock valued at $5,046,000 after acquiring an additional 4,120 shares during the last quarter. Strs Ohio lifted its stake in Solaris Oilfield Infrastructure by 10.9% in the fourth quarter. Strs Ohio now owns 57,200 shares of the company’s stock valued at $455,000 after purchasing an additional 5,600 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in Solaris Oilfield Infrastructure in the fourth quarter valued at approximately $1,520,000. SG Americas Securities LLC grew its holdings in Solaris Oilfield Infrastructure by 40.6% during the fourth quarter. SG Americas Securities LLC now owns 17,563 shares of the company’s stock valued at $140,000 after purchasing an additional 5,074 shares during the period. Finally, First Hawaiian Bank purchased a new stake in Solaris Oilfield Infrastructure in the fourth quarter worth $83,000. 67.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, TheStreet downgraded Solaris Oilfield Infrastructure from a “b-” rating to a “c+” rating in a research note on Wednesday, January 24th.

Solaris Oilfield Infrastructure Trading Up 0.3 %

Shares of SOI stock opened at $9.04 on Wednesday. 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, Inc. has a 1 year low of $6.59 and a 1 year high of $11.32. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.78 and a quick ratio of 1.58. The company’s fifty day simple moving average is $8.63 and its two-hundred day simple moving average is $8.31.

Solaris Oilfield Infrastructure (NYSE:SOI) last posted its quarterly earnings data on Thursday, April 25th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. Solaris Oilfield Infrastructure had a return on equity of 10.82% and a net margin of 7.58%. The company had revenue of $67.89 million during the quarter, compared to analyst estimates of $63.55 million. As a group, analysts anticipate that Solaris Oilfield Infrastructure, Inc. will post 0.46 earnings per share for the current year.

Solaris Oilfield Infrastructure Dividend Announcement

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

Insider Buying and Selling

In related news, insider Christopher M. Powell sold 17,500 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was 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 approximately $1,106,717. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 34.71% of the stock is owned by corporate insiders.

About Solaris Oilfield 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.