Charles Schwab Investment Management Inc. Boosts Position in FTAI Infrastructure Inc. (NASDAQ:FIP)

Charles Schwab Investment Management Inc. boosted its position in shares of FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) by 7.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 915,386 shares of the company's stock after acquiring an additional 67,023 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.80% of FTAI Infrastructure worth $6,646,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. FMR LLC raised its position in FTAI Infrastructure by 5,651.2% during the third quarter. FMR LLC now owns 348,349 shares of the company's stock valued at $3,261,000 after purchasing an additional 342,292 shares in the last quarter. JPMorgan Chase & Co. grew its stake in FTAI Infrastructure by 113.8% during the third quarter. JPMorgan Chase & Co. now owns 518,294 shares of the company's stock worth $4,851,000 after purchasing an additional 275,903 shares during the period. Luxor Capital Group LP increased its position in FTAI Infrastructure by 4.6% in the 3rd quarter. Luxor Capital Group LP now owns 5,940,484 shares of the company's stock valued at $55,603,000 after buying an additional 258,591 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in FTAI Infrastructure during the third quarter worth $1,749,000. Finally, Barclays PLC lifted its holdings in shares of FTAI Infrastructure by 283.8% in the third quarter. Barclays PLC now owns 159,387 shares of the company's stock valued at $1,492,000 after purchasing an additional 117,863 shares in the last quarter. Institutional investors own 87.43% of the company's stock.

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FTAI Infrastructure Stock Performance

FTAI Infrastructure stock traded down $0.01 during mid-day trading on Friday, reaching $4.68. 903,918 shares of the company's stock were exchanged, compared to its average volume of 1,319,835. FTAI Infrastructure Inc. has a one year low of $4.58 and a one year high of $10.46. The business's fifty day simple moving average is $6.04 and its 200 day simple moving average is $7.66. 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 capitalization of $533.25 million, a PE ratio of -2.36 and a beta of 1.52.

FTAI Infrastructure Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.12 dividend on an annualized basis and a yield of 2.56%. FTAI Infrastructure's dividend payout ratio (DPR) is -4.36%.

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.