FTAI Infrastructure Inc. (NASDAQ:FIP) Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp lowered its position in shares of FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) by 71.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 32,558 shares of the company's stock after selling 82,759 shares during the quarter. King Luther Capital Management Corp's holdings in FTAI Infrastructure were worth $236,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new position in FTAI Infrastructure in the third quarter valued at about $34,000. US Bancorp DE acquired a new position in FTAI Infrastructure during the 3rd quarter worth approximately $52,000. Cladis Investment Advisory LLC purchased a new position in FTAI Infrastructure in the 3rd quarter worth approximately $94,000. Castellan Group acquired a new stake in FTAI Infrastructure in the fourth quarter valued at approximately $96,000. Finally, Proficio Capital Partners LLC acquired a new stake in FTAI Infrastructure in the fourth quarter valued at approximately $97,000. Institutional investors and hedge funds own 87.43% of the company's stock.

FTAI Infrastructure Stock Up 9.8 %

FIP traded up $0.47 during trading hours on Monday, reaching $5.27. 1,285,896 shares of the stock traded hands, compared to its average volume of 1,168,198. FTAI Infrastructure Inc. has a fifty-two week low of $4.16 and a fifty-two week high of $10.46. 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 company has a market cap of $599.44 million, a price-to-earnings ratio of -2.66 and a beta of 1.52. The firm's fifty day simple moving average is $6.54 and its two-hundred day simple moving average is $7.89.

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FTAI Infrastructure Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Friday, March 14th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Friday, March 14th. FTAI Infrastructure's dividend payout ratio (DPR) is -4.36%.

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.