FTAI Infrastructure Inc. (NASDAQ:FIP - Get Free Report)'s share price was down 5.6% during trading on Tuesday . The company traded as low as $7.50 and last traded at $7.55. Approximately 185,989 shares were traded during trading, a decline of 84% from the average daily volume of 1,184,369 shares. The stock had previously closed at $8.00.
FTAI Infrastructure Stock Down 0.2 %
The firm's fifty day simple moving average is $8.73 and its two-hundred day simple moving average is $8.93. 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 $907.69 million, a price-to-earnings ratio of -4.03 and a beta of 1.34.
FTAI Infrastructure Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were issued a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.12 annualized dividend and a dividend yield of 1.50%. FTAI Infrastructure's dividend payout ratio is currently -6.06%.
Institutional Trading of FTAI Infrastructure
Institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC grew its stake in shares of FTAI Infrastructure by 5,651.2% during the third quarter. FMR LLC now owns 348,349 shares of the company's stock worth $3,261,000 after purchasing an additional 342,292 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of FTAI Infrastructure by 198.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 848,363 shares of the company's stock worth $7,941,000 after acquiring an additional 564,566 shares in the last quarter. First Eagle Investment Management LLC purchased a new position in shares of FTAI Infrastructure in the 2nd quarter valued at about $2,766,000. Highland Peak Capital LLC raised its position in shares of FTAI Infrastructure by 194.3% during the 3rd quarter. Highland Peak Capital LLC now owns 1,755,349 shares of the company's stock worth $16,430,000 after acquiring an additional 1,158,816 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in FTAI Infrastructure by 8.9% during the second quarter. Bank of New York Mellon Corp now owns 794,868 shares of the company's stock worth $6,860,000 after purchasing an additional 65,218 shares during the last quarter. 87.43% of the stock is currently owned by hedge funds and other institutional investors.
FTAI Infrastructure Company Profile
(
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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