FTAI Infrastructure Inc. (NASDAQ:FIP - Get Free Report)'s share price rose 3.8% on Thursday . The stock traded as high as $7.89 and last traded at $7.73. Approximately 61,597 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 944,279 shares. The stock had previously closed at $7.45.
FTAI Infrastructure Price Performance
The stock has a market cap of $846.30 million, a price-to-earnings ratio of -3.76 and a beta of 1.45. The company has a 50 day simple moving average of $8.09 and a 200-day simple moving average of $8.83. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 6.07.
FTAI Infrastructure Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.61%. The ex-dividend date was Tuesday, November 12th. FTAI Infrastructure's dividend payout ratio (DPR) is presently -6.06%.
Institutional Trading of FTAI Infrastructure
Several institutional investors have recently added to or reduced their stakes in FIP. SG Americas Securities LLC lifted its position in shares of FTAI Infrastructure by 80.1% in the 4th quarter. SG Americas Securities LLC now owns 53,420 shares of the company's stock worth $388,000 after buying an additional 23,766 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in FTAI Infrastructure by 113.8% in the third quarter. JPMorgan Chase & Co. now owns 518,294 shares of the company's stock worth $4,851,000 after acquiring an additional 275,903 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in FTAI Infrastructure in the third quarter worth about $34,000. Barclays PLC boosted its stake in FTAI Infrastructure by 283.8% in the third quarter. Barclays PLC now owns 159,387 shares of the company's stock valued at $1,492,000 after acquiring an additional 117,863 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of FTAI Infrastructure by 2.2% during the third quarter. Geode Capital Management LLC now owns 2,427,301 shares of the company's stock valued at $22,724,000 after purchasing an additional 53,340 shares during the last quarter. 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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