Royce & Associates LP lifted its position in shares of FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) by 149.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177,089 shares of the company's stock after acquiring an additional 106,117 shares during the quarter. Royce & Associates LP owned 0.16% of FTAI Infrastructure worth $1,286,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of FIP. Intech Investment Management LLC acquired a new position in shares of FTAI Infrastructure during the 3rd quarter worth approximately $195,000. Highland Peak Capital LLC lifted its position in shares of FTAI Infrastructure by 194.3% in the third quarter. Highland Peak Capital LLC now owns 1,755,349 shares of the company's stock valued at $16,430,000 after acquiring an additional 1,158,816 shares in the last quarter. Charles Schwab Investment Management Inc. boosted 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 valued at $7,941,000 after acquiring an additional 564,566 shares during the last quarter. Biltmore Family Office LLC increased its position in FTAI Infrastructure by 0.8% during the 3rd quarter. Biltmore Family Office LLC now owns 230,031 shares of the company's stock worth $2,153,000 after purchasing an additional 1,826 shares in the last quarter. Finally, FMR LLC raised its stake in FTAI Infrastructure by 5,651.2% in the 3rd quarter. FMR LLC now owns 348,349 shares of the company's stock valued at $3,261,000 after purchasing an additional 342,292 shares during the last quarter. Institutional investors and hedge funds own 87.43% of the company's stock.
FTAI Infrastructure Trading Down 7.3 %
Shares of FTAI Infrastructure stock traded down $0.39 during mid-day trading on Tuesday, hitting $4.97. 1,012,306 shares of the stock were exchanged, compared to its average volume of 1,178,867. The stock has a market capitalization of $566.29 million, a price-to-earnings ratio of -2.51 and a beta of 1.52. FTAI Infrastructure Inc. has a twelve month low of $4.73 and a twelve month high of $10.46. 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 company has a 50-day simple moving average of $6.22 and a 200 day simple moving average of $7.72.
FTAI Infrastructure Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be paid a $0.03 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.12 annualized dividend and a yield of 2.41%. FTAI Infrastructure's payout ratio is currently -4.36%.
FTAI Infrastructure Company Profile
(
Free Report)
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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