Jacobs Levy Equity Management Inc. Acquires Shares of 186,865 FTAI Infrastructure Inc. (NASDAQ:FIP)

Jacobs Levy Equity Management Inc. bought a new stake in shares of FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 186,865 shares of the company's stock, valued at approximately $1,749,000. Jacobs Levy Equity Management Inc. owned 0.16% of FTAI Infrastructure at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FIP. Highland Peak Capital LLC increased its holdings in FTAI Infrastructure by 194.3% during the 3rd quarter. Highland Peak Capital LLC now owns 1,755,349 shares of the company's stock worth $16,430,000 after purchasing an additional 1,158,816 shares during the period. Hood River Capital Management LLC grew its position in shares of 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 worth $25,520,000 after buying an additional 618,625 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of FTAI Infrastructure by 198.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 848,363 shares of the company's stock worth $7,941,000 after buying an additional 564,566 shares during the period. Dimensional Fund Advisors LP raised its holdings in FTAI Infrastructure by 44.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,470,225 shares of the company's stock valued at $12,688,000 after acquiring an additional 449,481 shares in the last quarter. Finally, Luxor Capital Group LP raised its holdings in FTAI Infrastructure by 8.0% in the second quarter. Luxor Capital Group LP now owns 5,681,893 shares of the company's stock valued at $49,035,000 after acquiring an additional 420,019 shares in the last quarter. 87.43% of the stock is owned by institutional investors and hedge funds.

FTAI Infrastructure Stock Down 5.3 %

Shares of NASDAQ:FIP traded down $0.46 during trading hours on Friday, reaching $8.26. The stock had a trading volume of 1,388,895 shares, compared to its average volume of 1,393,902. The stock has a market capitalization of $939.58 million, a price-to-earnings ratio of -4.17 and a beta of 1.34. The firm's 50 day moving average is $8.89 and its 200-day moving average is $8.95. 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 Inc. has a 1 year low of $3.42 and a 1 year high of $10.45.

FTAI Infrastructure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.12 annualized dividend and a dividend yield of 1.45%. FTAI Infrastructure's dividend payout ratio is currently -6.06%.

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.