First Eagle Investment Management LLC Buys 503,500 Shares of FTAI Infrastructure Inc. (NASDAQ:FIP)

First Eagle Investment Management LLC grew its position in FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) by 91.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,056,241 shares of the company's stock after buying an additional 503,500 shares during the quarter. First Eagle Investment Management LLC owned 0.93% of FTAI Infrastructure worth $7,668,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC raised its position in shares of FTAI Infrastructure by 5,651.2% in the 3rd quarter. FMR LLC now owns 348,349 shares of the company's stock valued at $3,261,000 after buying an additional 342,292 shares in the last quarter. Barclays PLC raised its position in shares of FTAI Infrastructure by 283.8% in the 3rd quarter. Barclays PLC now owns 159,387 shares of the company's stock valued at $1,492,000 after buying an additional 117,863 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of FTAI Infrastructure by 198.9% in the 3rd 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 in the last quarter. Highland Peak Capital LLC raised its position in shares of FTAI Infrastructure by 194.3% in the 3rd 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 in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of FTAI Infrastructure by 113.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 518,294 shares of the company's stock valued at $4,851,000 after buying an additional 275,903 shares in the last quarter. 87.43% of the stock is currently owned by institutional investors and hedge funds.

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FTAI Infrastructure Price Performance

Shares of FTAI Infrastructure stock traded up $0.24 during midday trading on Wednesday, hitting $5.36. 917,481 shares of the company traded hands, compared to its average volume of 1,168,828. The stock has a market cap of $609.67 million, a price-to-earnings ratio of -2.71 and a beta of 1.52. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.42 and a current ratio of 1.42. The firm's fifty day moving average price is $6.45 and its 200-day moving average price is $7.83. FTAI Infrastructure Inc. has a 12 month low of $4.73 and a 12 month high of $10.46.

FTAI Infrastructure Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Friday, March 14th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend is Friday, March 14th. FTAI Infrastructure's dividend payout ratio (DPR) is presently -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.