FTAI Infrastructure Inc. (NASDAQ:FIP - Get Free Report)'s share price dropped 3.2% on Monday . The stock traded as low as $5.08 and last traded at $5.13. Approximately 135,132 shares were traded during trading, a decline of 88% from the average daily volume of 1,175,024 shares. The stock had previously closed at $5.30.
FTAI Infrastructure Stock Performance
The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 6.07. The stock has a market cap of $532.68 million, a price-to-earnings ratio of -2.36 and a beta of 1.52. The stock's fifty day moving average is $6.04 and its 200-day moving average is $7.66.
FTAI Infrastructure Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Friday, March 14th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend was Friday, March 14th. FTAI Infrastructure's dividend payout ratio is currently -4.36%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rhumbline Advisers lifted its holdings in shares of FTAI Infrastructure by 1.4% during the 4th quarter. Rhumbline Advisers now owns 158,513 shares of the company's stock valued at $1,151,000 after purchasing an additional 2,141 shares in the last quarter. Arizona State Retirement System raised its holdings in FTAI Infrastructure by 10.1% during the 4th quarter. Arizona State Retirement System now owns 32,231 shares of the company's stock worth $234,000 after buying an additional 2,948 shares during the period. Invesco Ltd. lifted its stake in FTAI Infrastructure by 1.8% in the fourth quarter. Invesco Ltd. now owns 196,041 shares of the company's stock valued at $1,423,000 after buying an additional 3,409 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of FTAI Infrastructure in the third quarter valued at approximately $34,000. Finally, Pictet Asset Management Holding SA increased its position in shares of FTAI Infrastructure by 19.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 22,326 shares of the company's stock worth $162,000 after acquiring an additional 3,610 shares in the last quarter. 87.43% of the stock is owned by institutional investors and hedge funds.
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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