FTAI Infrastructure Inc. (NASDAQ:FIP - Get Free Report)'s stock price dropped 3.8% on Wednesday . The company traded as low as $5.16 and last traded at $5.21. Approximately 761,605 shares were traded during trading, a decline of 31% from the average daily volume of 1,111,429 shares. The stock had previously closed at $5.41.
FTAI Infrastructure Stock Down 0.4 %
The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 6.07. The company has a market capitalization of $574.41 million, a P/E ratio of -2.55 and a beta of 1.52. The firm's 50 day moving average price is $6.77 and its two-hundred day moving average price is $8.05.
FTAI Infrastructure Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be paid a $0.03 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.12 annualized dividend and a yield of 2.38%. FTAI Infrastructure's payout ratio is currently -4.36%.
Institutional Trading of FTAI Infrastructure
Institutional investors and hedge funds have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB bought a new position in FTAI Infrastructure in the third quarter valued at approximately $34,000. US Bancorp DE bought a new position in shares of FTAI Infrastructure in the third quarter valued at $52,000. Morey & Quinn Wealth Partners LLC bought a new position in shares of FTAI Infrastructure in the fourth quarter valued at $84,000. Cladis Investment Advisory LLC acquired a new position in FTAI Infrastructure during the third quarter worth $94,000. Finally, Castellan Group bought a new stake in FTAI Infrastructure during the fourth quarter worth $96,000. 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.
Featured Stories
Before you consider FTAI Infrastructure, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FTAI Infrastructure wasn't on the list.
While FTAI Infrastructure currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of the 10 best stocks to own in 2025 and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
