Charles Schwab Investment Management Inc. Has $7.94 Million Position in FTAI Infrastructure Inc. (NASDAQ:FIP)

Charles Schwab Investment Management Inc. boosted its position in FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) by 198.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 848,363 shares of the company's stock after buying an additional 564,566 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.75% of FTAI Infrastructure worth $7,941,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FIP. Price T Rowe Associates Inc. MD increased its position in shares of FTAI Infrastructure by 22.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 28,483 shares of the company's stock valued at $179,000 after acquiring an additional 5,244 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of FTAI Infrastructure by 8.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 794,868 shares of the company's stock worth $6,860,000 after purchasing an additional 65,218 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in FTAI Infrastructure during the second quarter worth $134,000. Rhumbline Advisers increased its holdings in FTAI Infrastructure by 17.1% during the second quarter. Rhumbline Advisers now owns 154,509 shares of the company's stock worth $1,333,000 after buying an additional 22,569 shares during the last quarter. Finally, Arizona State Retirement System acquired a new position in FTAI Infrastructure during the second quarter worth $246,000. 87.43% of the stock is currently owned by institutional investors and hedge funds.

FTAI Infrastructure Stock Performance

Shares of FTAI Infrastructure stock traded down $0.05 during trading on Wednesday, hitting $8.40. 1,038,586 shares of the stock were exchanged, compared to its average volume of 1,193,122. The stock has a market capitalization of $955.46 million, a price-to-earnings ratio of -4.27 and a beta of 1.34. The company has a fifty day moving average price of $8.86 and a 200-day moving average price of $8.94. FTAI Infrastructure Inc. has a 1-year low of $3.42 and a 1-year high of $10.45. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 6.07.

FTAI Infrastructure Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend was Tuesday, November 12th. FTAI Infrastructure's dividend payout ratio (DPR) is presently -6.06%.

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.