FTAI Infrastructure Inc. (NASDAQ:FIP - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $4.86 and last traded at $4.91, with a volume of 415641 shares. The stock had previously closed at $5.07.
FTAI Infrastructure Stock Performance
The company has a market cap of $574.41 million, a P/E ratio of -2.55 and a beta of 1.52. The firm has a 50 day moving average of $6.77 and a 200-day moving average of $8.05. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 6.07.
FTAI Infrastructure Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be given a dividend of $0.03 per share. The ex-dividend date is Friday, March 14th. This represents a $0.12 annualized dividend and a yield of 2.38%. FTAI Infrastructure's dividend payout ratio (DPR) is presently -4.36%.
Institutional Trading of FTAI Infrastructure
Institutional investors have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB purchased a new position in FTAI Infrastructure in the 3rd quarter worth $34,000. US Bancorp DE purchased a new position in FTAI Infrastructure in the 3rd quarter worth $52,000. Cladis Investment Advisory LLC purchased a new position in FTAI Infrastructure in the 3rd quarter worth $94,000. Morey & Quinn Wealth Partners LLC purchased a new position in FTAI Infrastructure in the 4th quarter worth $84,000. Finally, Castellan Group purchased a new position in shares of FTAI Infrastructure during the 4th quarter valued at about $96,000. Institutional investors and hedge funds own 87.43% of the company's stock.
About FTAI Infrastructure
(
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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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