Trade Alert: Independent Director Of Solaris Energy Infrastructure Ray Walker Has Sold Stock

Anyone interested in Solaris Energy Infrastructure, Inc. (NYSE:SEI) should probably be aware that the Independent Director, Ray Walker, recently divested US$338k worth of shares in the company, at an average price of US$16.50 each. That sale was 26% of their holding, so it does make us raise an eyebrow.

Check out our latest analysis for Solaris Energy Infrastructure

The Last 12 Months Of Insider Transactions At Solaris Energy Infrastructure

In fact, the recent sale by Ray Walker was the biggest sale of Solaris Energy Infrastructure shares made by an insider individual in the last twelve months, according to our records. That means that even when the share price was below the current price of US$17.82, an insider wanted to cash in some shares. As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. We note that the biggest single sale was only 26% of Ray Walker's holding.

In the last year Solaris Energy Infrastructure insiders didn't buy any company stock. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).

Insider Ownership Of Solaris Energy Infrastructure

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. Insiders own 3.9% of Solaris Energy Infrastructure shares, worth about US$43m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At Solaris Energy Infrastructure Tell Us?

Insiders sold Solaris Energy Infrastructure shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. Insiders own shares, but we're still pretty cautious, given the history of sales. We'd practice some caution before buying! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Case in point: We've spotted 5 warning signs for Solaris Energy Infrastructure you should be aware of, and 1 of these is potentially serious.

Of course Solaris Energy Infrastructure may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.