Walleye Capital LLC Cuts Stake in FTAI Infrastructure Inc. (NASDAQ:FIP)

Walleye Capital LLC trimmed its holdings in FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) by 81.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,267 shares of the company's stock after selling 401,773 shares during the quarter. Walleye Capital LLC owned approximately 0.08% of FTAI Infrastructure worth $854,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Luxor Capital Group LP boosted its stake in FTAI Infrastructure by 8.0% in the 2nd 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 period. Hood River Capital Management LLC boosted its position in shares of FTAI Infrastructure by 26.5% during the 2nd quarter. Hood River Capital Management LLC now owns 2,957,163 shares of the company's stock valued at $25,520,000 after acquiring an additional 618,625 shares during the last quarter. Highland Peak Capital LLC boosted its position in shares of FTAI Infrastructure by 194.3% during the 3rd 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 during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of FTAI Infrastructure by 44.0% during the 2nd 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of FTAI Infrastructure by 198.9% during the 3rd 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. 87.43% of the stock is currently owned by institutional investors.

FTAI Infrastructure Trading Down 5.3 %

FIP traded down $0.46 during trading on Friday, reaching $8.26. The company had a trading volume of 1,388,895 shares, compared to its average volume of 1,393,902. The stock has a market cap of $939.58 million, a P/E ratio of -4.17 and a beta of 1.34. The business has a 50 day simple moving average of $8.89 and a 200-day simple moving average of $8.95. FTAI Infrastructure Inc. has a 52 week low of $3.42 and a 52 week high of $10.45. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 6.07.

FTAI Infrastructure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were paid a $0.03 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $0.12 dividend on an annualized basis and a yield of 1.45%. FTAI Infrastructure's payout ratio is -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.