JPMorgan Chase & Co. Grows Position in FTAI Infrastructure Inc. (NASDAQ:FIP)

JPMorgan Chase & Co. increased its holdings in FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) by 113.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 518,294 shares of the company's stock after purchasing an additional 275,903 shares during the period. JPMorgan Chase & Co. owned approximately 0.46% of FTAI Infrastructure worth $4,851,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of FIP. Wilmington Savings Fund Society FSB bought a new position in FTAI Infrastructure during the third quarter valued at $34,000. US Bancorp DE bought a new position in FTAI Infrastructure during the third quarter valued at $52,000. Algert Global LLC bought a new position in FTAI Infrastructure during the second quarter valued at $88,000. Cladis Investment Advisory LLC bought a new position in FTAI Infrastructure during the third quarter valued at $94,000. Finally, Choreo LLC bought a new position in FTAI Infrastructure during the second quarter valued at $100,000. Institutional investors own 87.43% of the company's stock.

FTAI Infrastructure Trading Down 4.1 %

FIP stock traded down $0.32 during mid-day trading on Friday, reaching $7.44. 666,263 shares of the stock traded hands, compared to its average volume of 837,679. The stock has a market capitalization of $846.30 million, a PE ratio of -3.76 and a beta of 1.45. FTAI Infrastructure Inc. has a one year low of $3.52 and a one year high of $10.45. 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 business has a 50-day moving average price of $8.06 and a two-hundred day moving average price of $8.82.

FTAI Infrastructure Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date was Tuesday, November 12th. FTAI Infrastructure's dividend payout ratio is currently -6.06%.

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.