Cruiser Capital Advisors LLC lessened its holdings in shares of FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) by 11.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 378,876 shares of the company's stock after selling 47,751 shares during the quarter. FTAI Infrastructure makes up 1.5% of Cruiser Capital Advisors LLC's portfolio, making the stock its 11th largest holding. Cruiser Capital Advisors LLC owned 0.33% of FTAI Infrastructure worth $2,751,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of FIP. Wilmington Savings Fund Society FSB purchased a new position in FTAI Infrastructure during the third quarter valued at $34,000. Cladis Investment Advisory LLC bought a new position in shares of FTAI Infrastructure in the third quarter worth about $94,000. Castellan Group bought a new position in shares of FTAI Infrastructure during the 4th quarter valued at approximately $96,000. Proficio Capital Partners LLC purchased a new stake in FTAI Infrastructure in the 4th quarter worth approximately $97,000. Finally, Hills Bank & Trust Co bought a new stake in FTAI Infrastructure during the 4th quarter worth approximately $103,000. 87.43% of the stock is currently owned by hedge funds and other institutional investors.
FTAI Infrastructure Price Performance
NASDAQ:FIP traded down $0.02 during trading hours on Friday, hitting $4.67. 476,951 shares of the stock traded hands, compared to its average volume of 1,318,179. The company has a market cap of $532.34 million, a price-to-earnings ratio of -2.36 and a beta of 1.52. FTAI Infrastructure Inc. has a 1 year low of $4.58 and a 1 year high of $10.46. The stock has a 50 day moving average price of $6.04 and a 200 day moving average price of $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.
FTAI Infrastructure Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Friday, March 14th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend was Friday, March 14th. FTAI Infrastructure's dividend payout ratio is currently -4.36%.
FTAI Infrastructure Company 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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