Highland Peak Capital LLC Has $16.43 Million Position in FTAI Infrastructure Inc. (NASDAQ:FIP)

Highland Peak Capital LLC grew its holdings in shares of FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) by 194.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,755,349 shares of the company's stock after purchasing an additional 1,158,816 shares during the quarter. FTAI Infrastructure makes up approximately 7.2% of Highland Peak Capital LLC's holdings, making the stock its 3rd biggest position. Highland Peak Capital LLC owned about 1.54% of FTAI Infrastructure worth $16,430,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ProShare Advisors LLC grew its holdings in FTAI Infrastructure by 8.5% during the first quarter. ProShare Advisors LLC now owns 17,783 shares of the company's stock valued at $112,000 after purchasing an additional 1,400 shares during the period. SG Americas Securities LLC lifted its position in shares of FTAI Infrastructure by 9.8% during the 3rd quarter. SG Americas Securities LLC now owns 29,654 shares of the company's stock valued at $278,000 after buying an additional 2,640 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of FTAI Infrastructure by 8.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 38,989 shares of the company's stock valued at $336,000 after acquiring an additional 3,158 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in FTAI Infrastructure by 22.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,483 shares of the company's stock worth $179,000 after acquiring an additional 5,244 shares in the last quarter. Finally, US Bancorp DE bought a new stake in FTAI Infrastructure during the 3rd quarter worth approximately $52,000. Hedge funds and other institutional investors own 87.43% of the company's stock.

Analyst Upgrades and Downgrades

Separately, JMP Securities reiterated a "market outperform" rating and issued a $12.00 price target on shares of FTAI Infrastructure in a research report on Monday, August 5th.

FTAI Infrastructure Stock Performance

Shares of FTAI Infrastructure stock traded down $0.05 during trading hours on Thursday, hitting $8.46. The company's stock had a trading volume of 1,773,765 shares, compared to its average volume of 1,194,534. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.42 and a quick ratio of 1.42. The business has a 50 day moving average price of $9.01 and a two-hundred day moving average price of $8.89. FTAI Infrastructure Inc. has a 12-month low of $3.42 and a 12-month high of $10.45.

FTAI Infrastructure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were paid a $0.03 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $0.12 annualized dividend and a yield of 1.42%. FTAI Infrastructure's payout ratio is -6.06%.

FTAI Infrastructure Company Profile

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.