Los Angeles Capital Management LLC Cuts Stock Position in Solaris Oilfield Infrastructure, Inc. (NYSE:SOI)

Los Angeles Capital Management LLC cut its holdings in shares of Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) by 65.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 74,652 shares of the company’s stock after selling 141,026 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.17% of Solaris Oilfield Infrastructure worth $647,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC raised its position in Solaris Oilfield Infrastructure by 11.7% in the third quarter. Barclays PLC now owns 41,059 shares of the company’s stock worth $437,000 after acquiring an additional 4,293 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Solaris Oilfield Infrastructure by 33.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 99,902 shares of the company’s stock valued at $1,065,000 after purchasing an additional 25,257 shares during the last quarter. Meros Investment Management LP grew its holdings in Solaris Oilfield Infrastructure by 3.0% during the third quarter. Meros Investment Management LP now owns 557,959 shares of the company’s stock valued at $5,948,000 after purchasing an additional 16,473 shares during the period. Quadrature Capital Ltd bought a new position in Solaris Oilfield Infrastructure during the third quarter valued at $198,000. Finally, Alps Advisors Inc. purchased a new stake in Solaris Oilfield Infrastructure in the third quarter worth $341,000. 67.44% of the stock is owned by hedge funds and other institutional investors.

Solaris Oilfield Infrastructure Stock Up 2.6 %

Shares of NYSE SOI opened at $8.40 on Tuesday. 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 stock has a market capitalization of $369.55 million, a PE ratio of 12.35 and a beta of 1.23. Solaris Oilfield Infrastructure, Inc. has a one year low of $6.59 and a one year high of $11.32. The business’s fifty day moving average price is $8.75 and its 200-day moving average price is $8.27.

Solaris Oilfield Infrastructure (NYSE:SOI) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. The business had revenue of $67.89 million for the quarter, compared to the consensus estimate of $63.55 million. Solaris Oilfield Infrastructure had a net margin of 7.58% and a return on equity of 10.82%. On average, equities research analysts anticipate that Solaris Oilfield Infrastructure, Inc. will post 0.49 EPS for the current year.

Solaris Oilfield Infrastructure Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, June 7th were paid a $0.12 dividend. The ex-dividend date was Friday, June 7th. This represents a $0.48 dividend on an annualized basis and a yield of 5.72%. Solaris Oilfield Infrastructure’s dividend payout ratio is 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.