FTAI Infrastructure Inc. (NASDAQ:FIP) Shares Sold by American Assets Capital Advisers LLC

American Assets Capital Advisers LLC trimmed its holdings in FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) by 8.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,273,011 shares of the company's stock after selling 308,210 shares during the period. FTAI Infrastructure accounts for about 7.9% of American Assets Capital Advisers LLC's holdings, making the stock its 2nd biggest holding. American Assets Capital Advisers LLC owned 2.88% of FTAI Infrastructure worth $23,762,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Luxor Capital Group LP increased its stake in shares of FTAI Infrastructure by 4.6% in the 3rd quarter. Luxor Capital Group LP now owns 5,940,484 shares of the company's stock worth $55,603,000 after acquiring an additional 258,591 shares during the last quarter. State Street Corp grew its holdings in shares of FTAI Infrastructure by 2.2% in the third quarter. State Street Corp now owns 2,543,305 shares of the company's stock valued at $23,805,000 after purchasing an additional 55,936 shares during the period. Geode Capital Management LLC increased its position in FTAI Infrastructure by 2.2% during the third quarter. Geode Capital Management LLC now owns 2,427,301 shares of the company's stock worth $22,724,000 after purchasing an additional 53,340 shares during the last quarter. Highland Peak Capital LLC raised its stake 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 worth $16,430,000 after purchasing an additional 1,158,816 shares during the period. Finally, First Eagle Investment Management LLC boosted its holdings in FTAI Infrastructure by 91.1% in the 4th quarter. First Eagle Investment Management LLC now owns 1,056,241 shares of the company's stock valued at $7,668,000 after purchasing an additional 503,500 shares during the last quarter. 87.43% of the stock is owned by hedge funds and other institutional investors.

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FTAI Infrastructure Trading Down 0.7 %

Shares of FTAI Infrastructure stock traded down $0.04 during mid-day trading on Thursday, hitting $5.32. The stock had a trading volume of 744,616 shares, compared to its average volume of 1,170,039. The firm has a market cap of $605.12 million, a P/E ratio of -2.69 and a beta of 1.52. 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 firm has a 50-day moving average of $6.38 and a two-hundred day moving average of $7.81. 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 disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th will be issued a $0.03 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.12 annualized dividend and a dividend yield of 2.26%. FTAI Infrastructure's dividend payout ratio is currently -4.36%.

FTAI Infrastructure Profile

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.