FTAI Infrastructure Inc. (NASDAQ:FIP - Get Free Report) shares fell 4.8% during trading on Friday . The stock traded as low as $8.21 and last traded at $8.30. 315,312 shares were traded during mid-day trading, a decline of 74% from the average session volume of 1,190,097 shares. The stock had previously closed at $8.72.
FTAI Infrastructure Trading Down 5.3 %
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 stock has a market capitalization of $939.58 million, a price-to-earnings ratio of -4.17 and a beta of 1.34. The firm has a 50-day moving average of $8.89 and a 200 day moving average of $8.95.
FTAI Infrastructure Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.45%. The ex-dividend date was Tuesday, November 12th. FTAI Infrastructure's dividend payout ratio is currently -6.06%.
Hedge Funds Weigh In On FTAI Infrastructure
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in FTAI Infrastructure during the 3rd quarter valued at $34,000. US Bancorp DE bought a new stake in shares of FTAI Infrastructure during the 3rd quarter worth $52,000. Cladis Investment Advisory LLC bought a new stake in shares of FTAI Infrastructure during the 3rd quarter worth $94,000. Algert Global LLC bought a new stake in shares of FTAI Infrastructure during the 2nd quarter worth $88,000. Finally, Choreo LLC bought a new stake in shares of FTAI Infrastructure during the 2nd quarter worth $100,000. 87.43% of the stock is owned by institutional investors.
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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