Highland Peak Capital LLC Sells 230,610 Shares of FTAI Infrastructure Inc. (NASDAQ:FIP)

Highland Peak Capital LLC lowered its stake in shares of FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) by 13.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,524,739 shares of the company's stock after selling 230,610 shares during the quarter. FTAI Infrastructure comprises approximately 6.1% of Highland Peak Capital LLC's investment portfolio, making the stock its 5th largest holding. Highland Peak Capital LLC owned about 1.34% of FTAI Infrastructure worth $11,070,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of FIP. AlphaQuest LLC acquired a new position in FTAI Infrastructure in the 4th quarter worth approximately $527,000. Raymond James Financial Inc. acquired a new position in FTAI Infrastructure in the 4th quarter worth approximately $347,000. Arizona State Retirement System increased its holdings in FTAI Infrastructure by 10.1% in the 4th quarter. Arizona State Retirement System now owns 32,231 shares of the company's stock worth $234,000 after buying an additional 2,948 shares during the period. Aigen Investment Management LP increased its holdings in FTAI Infrastructure by 29.2% in the 4th quarter. Aigen Investment Management LP now owns 21,079 shares of the company's stock worth $153,000 after buying an additional 4,760 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in FTAI Infrastructure in the 4th quarter worth approximately $97,000. Institutional investors and hedge funds own 87.43% of the company's stock.

FTAI Infrastructure Trading Down 0.4 %

FTAI Infrastructure stock opened at $5.05 on Monday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 6.07. FTAI Infrastructure Inc. has a 12 month low of $4.86 and a 12 month high of $10.45. The stock's 50 day simple moving average is $6.77 and its two-hundred day simple moving average is $8.04. The firm has a market cap of $574.41 million, a PE ratio of -2.55 and a beta of 1.52.

FTAI Infrastructure Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th will be given a dividend of $0.03 per share. The ex-dividend date is Friday, March 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.38%. FTAI Infrastructure's dividend payout ratio (DPR) is -4.36%.

FTAI Infrastructure 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.

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