Canada Pension Plan Investment Board purchased a new position in shares of FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 125,700 shares of the company's stock, valued at approximately $913,000. Canada Pension Plan Investment Board owned 0.11% of FTAI Infrastructure as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also bought and sold shares of FIP. Wilmington Savings Fund Society FSB bought a new position in FTAI Infrastructure during the third quarter worth about $34,000. Morey & Quinn Wealth Partners LLC bought a new position in FTAI Infrastructure in the 4th quarter valued at about $84,000. Castellan Group bought a new position in FTAI Infrastructure in the 4th quarter valued at about $96,000. Proficio Capital Partners LLC bought a new position in FTAI Infrastructure in the 4th quarter valued at about $97,000. Finally, Hills Bank & Trust Co bought a new position in FTAI Infrastructure in the 4th quarter valued at about $103,000. 87.43% of the stock is owned by institutional investors.
FTAI Infrastructure Price Performance
Shares of FTAI Infrastructure stock traded down $0.03 during midday trading on Monday, hitting $4.33. 888,702 shares of the company traded hands, compared to its average volume of 1,355,562. The stock has a market cap of $496.92 million, a price-to-earnings ratio of -2.19 and a beta of 1.69. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.42 and a current ratio of 1.42. The firm's fifty day moving average price is $4.63 and its 200-day moving average price is $6.80. FTAI Infrastructure Inc. has a 12 month low of $3.10 and a 12 month high of $10.46.
FTAI Infrastructure Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Friday, March 14th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 2.77%. The ex-dividend date was Friday, March 14th. FTAI Infrastructure's dividend payout ratio (DPR) is presently -4.36%.
Wall Street Analysts Forecast Growth
Separately, JMP Securities reissued a "market outperform" rating and issued a $12.00 target price on shares of FTAI Infrastructure in a report on Tuesday, April 22nd.
View Our Latest Research Report on FIP
FTAI Infrastructure Profile
(
Free Report)
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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