Capital International Investors Boosts Stake in FTAI Infrastructure Inc. (NASDAQ:FIP)

Capital International Investors grew its holdings in FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) by 17.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 5,345,350 shares of the company's stock after acquiring an additional 778,376 shares during the quarter. Capital International Investors owned about 4.70% of FTAI Infrastructure worth $38,807,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in FIP. Wilmington Savings Fund Society FSB acquired a new stake in shares of FTAI Infrastructure during the third quarter worth about $34,000. Morey & Quinn Wealth Partners LLC acquired a new position in FTAI Infrastructure during the fourth quarter worth approximately $84,000. Castellan Group purchased a new stake in FTAI Infrastructure in the fourth quarter valued at approximately $96,000. Proficio Capital Partners LLC purchased a new stake in FTAI Infrastructure in the fourth quarter valued at approximately $97,000. Finally, Hills Bank & Trust Co acquired a new stake in shares of FTAI Infrastructure in the fourth quarter valued at approximately $103,000. Institutional investors and hedge funds own 87.43% of the company's stock.

FTAI Infrastructure Stock Performance

FIP stock traded up $0.34 during trading on Thursday, hitting $4.26. The company had a trading volume of 1,309,977 shares, compared to its average volume of 1,351,535. The firm has a 50-day moving average price of $4.72 and a 200-day moving average price of $6.91. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 6.07. The firm has a market cap of $485.39 million, a PE ratio of -2.15 and a beta of 1.69. FTAI Infrastructure Inc. has a 1-year low of $3.10 and a 1-year high of $10.46.

FTAI Infrastructure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 2.82%. The ex-dividend date was Friday, March 14th. FTAI Infrastructure's dividend payout ratio (DPR) is presently -4.36%.

Analyst Upgrades and Downgrades

Separately, JMP Securities reiterated a "market outperform" rating and issued a $12.00 price target on shares of FTAI Infrastructure in a research report on Tuesday.

FTAI Infrastructure Profile

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.