Shares of FTAI Infrastructure Inc. (NASDAQ:FIP - Get Free Report) hit a new 52-week low on Wednesday . The stock traded as low as $4.42 and last traded at $4.47, with a volume of 1138645 shares trading hands. The stock had previously closed at $4.53.
FTAI Infrastructure Trading Down 5.6 %
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 business has a fifty day moving average of $5.70 and a 200-day moving average of $7.45. The stock has a market capitalization of $425.00 million, a price-to-earnings ratio of -1.88 and a beta of 1.69.
FTAI Infrastructure Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 3.22%. The ex-dividend date was Friday, March 14th. FTAI Infrastructure's payout ratio is -4.36%.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the business. Intech Investment Management LLC acquired a new position in shares of FTAI Infrastructure in the third quarter worth $195,000. Charles Schwab Investment Management Inc. raised its stake in shares of FTAI Infrastructure by 198.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 848,363 shares of the company's stock worth $7,941,000 after purchasing an additional 564,566 shares in the last quarter. FMR LLC lifted its stake in FTAI Infrastructure by 5,651.2% in the third quarter. FMR LLC now owns 348,349 shares of the company's stock valued at $3,261,000 after acquiring an additional 342,292 shares during the last quarter. Verition Fund Management LLC lifted its stake in shares of FTAI Infrastructure by 231.9% in the 3rd quarter. Verition Fund Management LLC now owns 44,204 shares of the company's stock valued at $414,000 after purchasing an additional 30,886 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of FTAI Infrastructure during the 3rd quarter worth about $1,749,000. 87.43% of the stock is owned by institutional investors and hedge funds.
About FTAI Infrastructure
(
Get 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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