King Luther Capital Management Corp Decreases Stock Position in FTAI Infrastructure Inc. (NASDAQ:FIP)

King Luther Capital Management Corp trimmed its position in shares of FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) by 43.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,317 shares of the company's stock after selling 88,961 shares during the period. King Luther Capital Management Corp owned 0.10% of FTAI Infrastructure worth $1,079,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FIP. Hood River Capital Management LLC lifted its position in FTAI Infrastructure by 26.5% in 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 during the last quarter. Highland Peak Capital LLC purchased a new position in shares of FTAI Infrastructure in the 2nd quarter valued at $5,148,000. Dimensional Fund Advisors LP lifted its position in shares of FTAI Infrastructure by 44.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,470,225 shares of the company's stock valued at $12,688,000 after buying an additional 449,481 shares during the last quarter. Luxor Capital Group LP grew 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 worth $49,035,000 after purchasing an additional 420,019 shares during the last quarter. Finally, First Eagle Investment Management LLC purchased a new position in FTAI Infrastructure during the 2nd quarter worth $2,766,000. 87.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

FTAI Infrastructure Trading Up 0.1 %

FTAI Infrastructure stock traded up $0.01 during mid-day trading on Friday, hitting $8.47. The company's stock had a trading volume of 1,231,656 shares, compared to its average volume of 1,513,009. FTAI Infrastructure Inc. has a 1 year low of $3.42 and a 1 year high of $10.45. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 6.07. The firm has a market capitalization of $963.42 million, a PE ratio of -4.28 and a beta of 1.36. The stock's fifty day moving average is $8.99 and its two-hundred day moving average is $8.92.

FTAI Infrastructure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors 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 dividend on an annualized basis and a dividend yield of 1.42%. FTAI Infrastructure's 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.