FTAI Infrastructure Inc. (NASDAQ:FIP – Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $9.25 and last traded at $9.08, with a volume of 120387 shares traded. The stock had previously closed at $8.94.
Analysts Set New Price Targets
Separately, BTIG Research started coverage on shares of FTAI Infrastructure in a research report on Thursday, April 18th. They issued a “buy” rating and a $10.00 price objective for the company.
View Our Latest Analysis on FIP
FTAI Infrastructure Stock Performance
The company has a debt-to-equity ratio of 3.95, a current ratio of 0.69 and a quick ratio of 0.69. The company has a market cap of $863.35 million, a price-to-earnings ratio of -4.38 and a beta of 1.29. The stock has a 50-day moving average price of $7.24 and a 200 day moving average price of $5.28.
FTAI Infrastructure (NASDAQ:FIP – Get Free Report) last announced its earnings results on Tuesday, May 7th. The company reported ($0.54) EPS for the quarter. The company had revenue of $82.54 million for the quarter. FTAI Infrastructure had a negative return on equity of 37.21% and a negative net margin of 49.44%.
FTAI Infrastructure Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, May 29th. Investors of record on Friday, May 17th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date was Thursday, May 16th. FTAI Infrastructure’s payout ratio is presently -6.19%.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the company. ProShare Advisors LLC boosted its position in FTAI Infrastructure by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 17,783 shares of the company’s stock worth $112,000 after acquiring an additional 1,400 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in FTAI Infrastructure by 23.2% during the fourth quarter. Victory Capital Management Inc. now owns 13,200 shares of the company’s stock worth $51,000 after purchasing an additional 2,490 shares during the last quarter. Principal Financial Group Inc. grew its position in FTAI Infrastructure by 39.5% in the third quarter. Principal Financial Group Inc. now owns 14,653 shares of the company’s stock valued at $47,000 after purchasing an additional 4,146 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in FTAI Infrastructure by 38.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 17,288 shares of the company’s stock valued at $67,000 after buying an additional 4,787 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in FTAI Infrastructure by 1.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 294,067 shares of the company’s stock worth $947,000 after buying an additional 4,939 shares in the last quarter. 87.43% of the stock is currently owned by institutional investors.
About FTAI Infrastructure
FTAI Infrastructure Inc focuses on acquiring, developing, and operating assets and businesses that represent infrastructure for customers in the transportation, energy, and industrial products industries in North America. The company operates through five segments: Railroad, Jefferson Terminal, Repauno, Power and Gas, and Sustainability and Energy Transition.
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