FTAI Infrastructure Inc. (NASDAQ:FIP - Get Free Report)'s stock price traded up 5.8% during trading on Wednesday . The company traded as high as $8.22 and last traded at $8.04. 263,390 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 621,169 shares. The stock had previously closed at $7.60.
FTAI Infrastructure Price Performance
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 firm has a fifty day simple moving average of $8.16 and a two-hundred day simple moving average of $8.86. The firm has a market cap of $956.64 million, a PE ratio of -4.25 and a beta of 1.34.
FTAI Infrastructure Dividend Announcement
The firm also recently declared 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 1.43%. The ex-dividend date of this dividend was Tuesday, November 12th. FTAI Infrastructure's dividend payout ratio is presently -6.06%.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB bought a new position in FTAI Infrastructure during the third quarter valued at $34,000. US Bancorp DE bought a new position in FTAI Infrastructure during the 3rd quarter valued at about $52,000. Algert Global LLC purchased a new stake in FTAI Infrastructure in the 2nd quarter worth about $88,000. Cladis Investment Advisory LLC bought a new stake in FTAI Infrastructure in the third quarter worth about $94,000. Finally, Choreo LLC purchased a new position in shares of FTAI Infrastructure during the second quarter valued at approximately $100,000. Institutional investors own 87.43% of the company's stock.
FTAI Infrastructure Company Profile
(
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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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