Fmr LLC Acquires 342,292 Shares of FTAI Infrastructure Inc. (NASDAQ:FIP)

FMR LLC grew its stake in shares of FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) by 5,651.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 348,349 shares of the company's stock after purchasing an additional 342,292 shares during the period. FMR LLC owned about 0.31% of FTAI Infrastructure worth $3,261,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Highland Peak Capital LLC raised its position in FTAI Infrastructure by 194.3% during the third quarter. Highland Peak Capital LLC now owns 1,755,349 shares of the company's stock valued at $16,430,000 after buying an additional 1,158,816 shares during the period. Hood River Capital Management LLC raised its position in FTAI Infrastructure by 26.5% during the second quarter. Hood River Capital Management LLC now owns 2,957,163 shares of the company's stock valued at $25,520,000 after buying an additional 618,625 shares during the period. Charles Schwab Investment Management Inc. raised its position in FTAI Infrastructure by 198.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 848,363 shares of the company's stock valued at $7,941,000 after buying an additional 564,566 shares during the period. Dimensional Fund Advisors LP raised its position in FTAI Infrastructure by 44.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,470,225 shares of the company's stock valued at $12,688,000 after buying an additional 449,481 shares during the period. Finally, Luxor Capital Group LP raised its position in FTAI Infrastructure by 8.0% during the second quarter. Luxor Capital Group LP now owns 5,681,893 shares of the company's stock valued at $49,035,000 after buying an additional 420,019 shares during the period. 87.43% of the stock is owned by hedge funds and other institutional investors.

FTAI Infrastructure Stock Down 2.1 %

FIP stock traded down $0.17 during mid-day trading on Friday, hitting $8.03. The stock had a trading volume of 608,424 shares, compared to its average volume of 1,189,898. 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 Inc. has a 1-year low of $3.42 and a 1-year high of $10.45. The company has a fifty day moving average of $8.79 and a 200 day moving average of $8.93. The stock has a market capitalization of $913.37 million, a price-to-earnings ratio of -4.06 and a beta of 1.34.

FTAI Infrastructure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date was Tuesday, November 12th. FTAI Infrastructure's dividend payout ratio is -6.06%.

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.