Vanguard Group Inc. Acquires 730,895 Shares of FTAI Infrastructure Inc. (NASDAQ:FIP)

Vanguard Group Inc. grew its holdings in shares of FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) by 12.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,537,542 shares of the company's stock after acquiring an additional 730,895 shares during the quarter. Vanguard Group Inc. owned about 5.75% of FTAI Infrastructure worth $47,463,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. State Street Corp raised its position in shares of 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 during the last quarter. Geode Capital Management LLC boosted its stake in shares of FTAI Infrastructure by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 2,427,301 shares of the company's stock worth $22,724,000 after acquiring an additional 53,340 shares during the last quarter. First Eagle Investment Management LLC increased its position in FTAI Infrastructure by 91.1% in the fourth quarter. First Eagle Investment Management LLC now owns 1,056,241 shares of the company's stock worth $7,668,000 after buying an additional 503,500 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in FTAI Infrastructure by 7.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 915,386 shares of the company's stock worth $6,646,000 after acquiring an additional 67,023 shares during the period. Finally, Diamond Hill Capital Management Inc. purchased a new position in shares of FTAI Infrastructure in the fourth quarter valued at about $5,938,000. 87.43% of the stock is owned by hedge funds and other institutional investors.

FTAI Infrastructure Price Performance

NASDAQ FIP traded up $0.06 during trading hours on Thursday, reaching $3.55. The company's stock had a trading volume of 169,895 shares, compared to its average volume of 1,260,236. FTAI Infrastructure Inc. has a 1 year low of $3.10 and a 1 year high of $10.45. The firm's 50-day moving average price is $5.02 and its 200-day moving average price is $7.10. 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 company has a market capitalization of $403.92 million, a price-to-earnings ratio of -1.79 and a beta of 1.69.

FTAI Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend was Friday, March 14th. FTAI Infrastructure's payout ratio 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.