Shares of FTAI Infrastructure Inc. (NASDAQ:FIP - Get Free Report) dropped 6.7% during trading on Friday . The stock traded as low as $7.85 and last traded at $7.85. Approximately 52,552 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 802,257 shares. The stock had previously closed at $8.41.
FTAI Infrastructure Price Performance
The firm's fifty day moving average price is $8.17 and its 200 day moving average price is $8.85. 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 $900.90 million, a PE ratio of -4.00 and a beta of 1.34.
FTAI Infrastructure Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.52%. The ex-dividend date was Tuesday, November 12th. FTAI Infrastructure's dividend payout ratio (DPR) is presently -6.06%.
Hedge Funds Weigh In On FTAI Infrastructure
Hedge funds have recently modified their holdings of the stock. Highland Peak Capital LLC raised its stake in FTAI Infrastructure by 194.3% during the third quarter. Highland Peak Capital LLC now owns 1,755,349 shares of the company's stock valued at $16,430,000 after purchasing an additional 1,158,816 shares in the last quarter. Hood River Capital Management LLC raised its stake in FTAI Infrastructure by 26.5% during the second quarter. Hood River Capital Management LLC now owns 2,957,163 shares of the company's stock valued at $25,520,000 after purchasing an additional 618,625 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in FTAI Infrastructure by 198.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 848,363 shares of the company's stock valued at $7,941,000 after purchasing an additional 564,566 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in FTAI Infrastructure by 44.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,470,225 shares of the company's stock valued at $12,688,000 after purchasing an additional 449,481 shares in the last quarter. Finally, Luxor Capital Group LP raised its stake in FTAI Infrastructure by 8.0% during the second quarter. Luxor Capital Group LP now owns 5,681,893 shares of the company's stock valued at $49,035,000 after purchasing an additional 420,019 shares in the last quarter. Hedge funds and other institutional investors own 87.43% of the company's stock.
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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