Barclays PLC lifted its holdings in FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) by 283.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 159,387 shares of the company's stock after buying an additional 117,863 shares during the quarter. Barclays PLC owned approximately 0.14% of FTAI Infrastructure worth $1,492,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Luxor Capital Group LP raised its stake in FTAI Infrastructure by 4.6% during the third 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 during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of FTAI Infrastructure in the 3rd quarter worth about $567,000. Wolverine Trading LLC purchased a new position in shares of FTAI Infrastructure in the 3rd quarter worth about $170,000. State Street Corp boosted its stake in FTAI Infrastructure by 2.2% in the 3rd quarter. State Street Corp now owns 2,543,305 shares of the company's stock worth $23,805,000 after purchasing an additional 55,936 shares in the last quarter. Finally, Philadelphia Financial Management of San Francisco LLC grew its position in FTAI Infrastructure by 13.4% during the 3rd quarter. Philadelphia Financial Management of San Francisco LLC now owns 251,252 shares of the company's stock valued at $2,352,000 after purchasing an additional 29,660 shares during the last quarter. 87.43% of the stock is currently owned by institutional investors.
FTAI Infrastructure Stock Performance
FIP remained flat at $7.11 during trading on Friday. The company's stock had a trading volume of 1,019,113 shares, compared to its average volume of 1,183,561. FTAI Infrastructure Inc. has a 1-year low of $3.42 and a 1-year high of $10.45. The business's 50-day moving average is $8.39 and its 200 day moving average is $8.89. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market cap of $808.73 million, a PE ratio of -3.59 and a beta of 1.34.
FTAI Infrastructure Announces Dividend
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. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.12 annualized dividend and a dividend yield of 1.69%. FTAI Infrastructure's payout ratio is -6.06%.
About FTAI Infrastructure
(
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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