SEI stock hits all-time high at 56.18 USD

SEI stock has reached an all-time high, hitting 56.18 USD, marking a significant milestone for the company. Over the past year, SEI has experienced a remarkable surge, with its stock price soaring by 319.45% according to InvestingPro data. This impressive growth is complemented by a 129.52% gain over the past six months and a 10.55% jump just last week. With a market capitalization of $3.69 billion and a P/E ratio of 84.92, SEI trades at a premium valuation that reflects strong investor confidence and robust performance. The new all-time high underscores SEI's upward trajectory and the positive sentiment surrounding its future prospects, though InvestingPro analysis suggests the stock may be slightly overvalued at current levels. Investors seeking deeper insights can access 19 additional ProTips and comprehensive metrics in SEI's Pro Research Report, available exclusively to subscribers.

In other recent news, Solaris Energy Infrastructure, Inc. has announced the pricing of its $650 million convertible senior notes offering, which was increased from an initially planned $600 million. The notes, carrying an interest rate of 0.25% per annum, are due in 2031, with settlement expected shortly. The company anticipates receiving approximately $634.4 million in net proceeds from this transaction. Additionally, underwriters have the option to purchase up to an additional $97.5 million in notes. In a related development, Solaris Energy Infrastructure has amended its revolving credit facility with Bank of America to permit the issuance of convertible debt. This amendment allows the company to explore financing options involving convertible debt, although specific details on future issuances have not been disclosed. Previously, Solaris had announced plans for a $600 million convertible notes offering, which led to a notable reaction in the market.

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