Los Angeles Capital Management LLC Lowers Stake in Solaris Oilfield Infrastructure, Inc. (NYSE:SOI)

Los Angeles Capital Management LLC lessened its holdings in Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) by 65.4% during the first quarter, Holdings Channel.com reports. The firm owned 74,652 shares of the company’s stock after selling 141,026 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Solaris Oilfield Infrastructure were worth $647,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Texas Capital Bank Wealth Management Services Inc purchased a new stake in shares of Solaris Oilfield Infrastructure in the 4th quarter worth approximately $80,000. First Hawaiian Bank bought a new position in shares of Solaris Oilfield Infrastructure during the fourth quarter valued at $83,000. SG Americas Securities LLC raised its position in shares of Solaris Oilfield Infrastructure by 40.6% in the 4th quarter. SG Americas Securities LLC now owns 17,563 shares of the company’s stock worth $140,000 after purchasing an additional 5,074 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Solaris Oilfield Infrastructure in the 4th quarter worth about $142,000. Finally, Quadrature Capital Ltd purchased a new stake in Solaris Oilfield Infrastructure during the 3rd quarter valued at about $198,000. Institutional investors own 67.44% of the company’s stock.

Solaris Oilfield Infrastructure Stock Up 2.6 %

Shares of Solaris Oilfield Infrastructure stock opened at $8.40 on Tuesday. The company has a 50-day simple moving average of $8.75 and a two-hundred day simple moving average of $8.27. Solaris Oilfield Infrastructure, Inc. has a 52-week low of $6.59 and a 52-week high of $11.32. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.58 and a current ratio of 1.78. The stock has a market capitalization of $369.55 million, a PE ratio of 12.35 and a beta of 1.23.

Solaris Oilfield Infrastructure (NYSE:SOI) last released 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 business had revenue of $67.89 million for the quarter, compared to analysts’ expectations of $63.55 million. On average, analysts anticipate that Solaris Oilfield Infrastructure, Inc. will post 0.49 EPS for the current fiscal year.

Solaris Oilfield Infrastructure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Friday, June 7th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 5.72%. The ex-dividend date was Friday, June 7th. Solaris Oilfield Infrastructure’s dividend payout ratio is currently 70.59%.

Solaris Oilfield Infrastructure 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.