SEI Hires Paul Lehman to Drive $1.8 Trillion Bank Distribution Strategy
SEI named Paul Lehman, CFA, as Head of Bank Asset Management Distribution to oversee investment sales and partnerships across national and community banks. With over 30 years in bank trust roles, Lehman will leverage SEI’s $1.8 trillion assets under management to accelerate distribution of integrated public and private investment solutions.
1. Analyst Consensus and Price Targets
Fourteen research analysts cover Solaris Energy Infrastructure, assigning an average recommendation of Buy: eleven Buy ratings, two Strong Buy ratings and one Hold rating. The consensus 12-month price objective stands at $53.70. Key upward revisions include Piper Sandler raising its target from $50.00 to $65.00 with an Overweight rating on November 17; Barclays boosting its target from $44.00 to $61.00 with an Overweight rating on November 5; Citigroup lifting its target from $38.00 to $56.00 with a Buy rating on October 13; Morgan Stanley initiating coverage with an Overweight rating and a $68.00 target on December 2; and Weiss Ratings reissuing a Buy (B-) rating on December 29.
2. Recent Financial Results and Balance Sheet Metrics
In its latest quarter ended November 3, Solaris Energy Infrastructure reported earnings per share of $0.32, beating consensus estimates by $0.08, on revenue of $166.84 million, outpacing consensus by $24.02 million. The quarter delivered a net margin of 7.02% and a return on equity of 9.38%. The fund’s 50-day simple moving average is $48.23, and its 200-day average is $40.64. The balance sheet shows a current ratio of 2.39, a quick ratio of 2.28 and a debt-to-equity ratio of 0.69. Market capitalization stands at $3.81 billion, with a trailing P/E ratio of 59.19 and a beta of 1.12. Over the past 12 months, the share price has ranged from a low of $14.27 to a high of $57.31.
3. Insider Trading Activity
Major shareholder KTR Management Company sold 2,114,783 shares on November 4 at an average price of $50.15, generating proceeds of approximately $106.06 million. On December 17, Director Aj Teague acquired 2,310 shares at an average cost of $43.13, a $99,630 investment that increased his holdings to 106,465 shares (a 2.22% rise). In the last quarter, insiders sold a total of 2,164,094 shares valued at $108.26 million. Insiders now own 21.20% of outstanding shares.
4. Institutional Investor Movements
Institutional ownership totals 67.44%. In the third quarter, Van Eck Associates Corp increased its stake by 623.5% to 1,295,898 shares (valued at $51.80 million). Advent International initiated a position worth $40.25 million; Ceredex Value Advisors added a new $35.05 million stake; Goodlander Investment Management took a $19.80 million position in the second quarter; and Honeycomb Asset Management established a $19.01 million stake in the same period.