Dimensional Fund Advisors LP Grows Stock Position in FTAI Infrastructure Inc. (NASDAQ:FIP)

Dimensional Fund Advisors LP grew its stake in shares of FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) by 44.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,470,225 shares of the company's stock after purchasing an additional 449,481 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.45% of FTAI Infrastructure worth $12,688,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in FIP. Luxor Capital Group LP boosted its position in FTAI Infrastructure by 49.0% during the 4th quarter. Luxor Capital Group LP now owns 4,269,813 shares of the company's stock valued at $16,610,000 after buying an additional 1,403,628 shares during the period. Orchard Capital Management LLC grew its stake in shares of FTAI Infrastructure by 7.1% in the fourth quarter. Orchard Capital Management LLC now owns 2,471,786 shares of the company's stock worth $9,615,000 after purchasing an additional 164,023 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in FTAI Infrastructure by 8.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 794,868 shares of the company's stock valued at $6,860,000 after purchasing an additional 65,218 shares during the period. Cruiser Capital Advisors LLC raised its position in FTAI Infrastructure by 67.6% during the 1st quarter. Cruiser Capital Advisors LLC now owns 432,255 shares of the company's stock valued at $2,709,000 after purchasing an additional 174,325 shares during the last quarter. Finally, Inscription Capital LLC purchased a new stake in FTAI Infrastructure in the 1st quarter worth approximately $1,103,000. Institutional investors own 87.43% of the company's stock.

Analyst Upgrades and Downgrades

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

FTAI Infrastructure Stock Up 8.3 %

FTAI Infrastructure stock traded up $0.75 during trading hours on Friday, hitting $9.79. 1,108,318 shares of the stock traded hands, compared to its average volume of 1,192,233. FTAI Infrastructure Inc. has a one year low of $2.84 and a one year high of $10.45. The firm's 50-day moving average price is $9.21 and its two-hundred day moving average price is $8.37. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 5.42. The company has a market cap of $995.58 million, a PE ratio of -5.05 and a beta of 1.28.

FTAI Infrastructure (NASDAQ:FIP - Get Free Report) last issued its quarterly earnings results on Friday, August 2nd. The company reported ($0.52) earnings per share for the quarter, missing the consensus estimate of ($0.35) by ($0.17). The firm had revenue of $84.89 million during the quarter. FTAI Infrastructure had a negative return on equity of 44.09% and a negative net margin of 49.85%.

FTAI Infrastructure Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Monday, August 12th were given a dividend of $0.03 per share. The ex-dividend date was Monday, August 12th. This represents a $0.12 dividend on an annualized basis and a yield of 1.23%. FTAI Infrastructure's dividend payout ratio (DPR) is currently -6.19%.

Insider Activity at FTAI Infrastructure

In related news, major shareholder Fig Buyer Gp, Llc sold 3,399,501 shares of the company's stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $9.04, for a total value of $30,731,489.04. Following the sale, the insider now owns 8,418,561 shares in the company, valued at $76,103,791.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.17% of the stock is currently owned by corporate insiders.

About FTAI Infrastructure

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.