FTAI Infrastructure Inc. (NASDAQ:FIP - Get Free Report) reached a new 52-week low on Thursday . The stock traded as low as $4.72 and last traded at $4.74, with a volume of 330321 shares traded. The stock had previously closed at $4.93.
FTAI Infrastructure Trading Down 3.2 %
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 stock has a market capitalization of $516.16 million, a P/E ratio of -2.29 and a beta of 1.52. The stock has a 50-day moving average price of $5.99 and a two-hundred day moving average price of $7.62.
FTAI Infrastructure Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th were issued a $0.03 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.12 annualized dividend and a yield of 2.65%. FTAI Infrastructure's dividend payout ratio (DPR) is presently -4.36%.
Hedge Funds Weigh In On FTAI Infrastructure
Several hedge funds and other institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System lifted its holdings in FTAI Infrastructure by 7.3% in the fourth quarter. California State Teachers Retirement System now owns 103,091 shares of the company's stock worth $748,000 after buying an additional 7,013 shares during the period. American Assets Investment Management LLC lifted its stake in shares of FTAI Infrastructure by 18.6% in the 4th quarter. American Assets Investment Management LLC now owns 190,611 shares of the company's stock valued at $1,384,000 after purchasing an additional 29,883 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of FTAI Infrastructure in the 4th quarter valued at approximately $268,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of FTAI Infrastructure by 25.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 154,129 shares of the company's stock valued at $1,119,000 after purchasing an additional 31,022 shares in the last quarter. Finally, Squarepoint Ops LLC grew its stake in FTAI Infrastructure by 563.0% in the fourth quarter. Squarepoint Ops LLC now owns 235,070 shares of the company's stock worth $1,707,000 after purchasing an additional 199,617 shares during the period. Hedge funds and other institutional investors own 87.43% of the company's stock.
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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