FTAI Infrastructure Inc. (NASDAQ:FIP - Get Free Report)'s stock price was up 5.9% during mid-day trading on Monday . The stock traded as high as $5.05 and last traded at $5.09. Approximately 183,501 shares changed hands during trading, a decline of 84% from the average daily volume of 1,164,031 shares. The stock had previously closed at $4.80.
FTAI Infrastructure Stock Down 1.8 %
The firm's 50-day simple moving average is $6.32 and its 200 day simple moving average is $7.79. The company has a market cap of $594.09 million, a P/E ratio of -2.68 and a beta of 1.52. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.42 and a current ratio of 1.42.
FTAI Infrastructure Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 2.30%. The ex-dividend date is Friday, March 14th. FTAI Infrastructure's payout ratio is -4.36%.
Institutional Trading of FTAI Infrastructure
Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of FTAI Infrastructure by 12.6% in the 4th quarter. Vanguard Group Inc. now owns 6,537,542 shares of the company's stock valued at $47,463,000 after buying an additional 730,895 shares in the last quarter. Luxor Capital Group LP increased its position in shares of FTAI Infrastructure by 4.6% in the 3rd quarter. Luxor Capital Group LP now owns 5,940,484 shares of the company's stock valued at $55,603,000 after buying an additional 258,591 shares in the last quarter. Hood River Capital Management LLC increased its position in shares of FTAI Infrastructure by 32.7% in the 4th quarter. Hood River Capital Management LLC now owns 5,891,840 shares of the company's stock valued at $42,775,000 after buying an additional 1,452,567 shares in the last quarter. Capital International Investors increased its position in shares of FTAI Infrastructure by 17.0% in the 4th quarter. Capital International Investors now owns 5,345,350 shares of the company's stock valued at $38,807,000 after buying an additional 778,376 shares in the last quarter. Finally, State Street Corp increased its position in shares of FTAI Infrastructure by 2.2% in the 3rd quarter. State Street Corp now owns 2,543,305 shares of the company's stock valued at $23,805,000 after buying an additional 55,936 shares in the last quarter. Institutional investors own 87.43% of the company's stock.
About FTAI Infrastructure
(
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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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