FTAI Infrastructure (NASDAQ:FIP) Trading Down 3.8% – Time to Sell?

FTAI Infrastructure Inc. (NASDAQ:FIP)’s stock price fell 3.8% during trading on Wednesday . The company traded as low as $5.16 and last traded at $5.21. 761,605 shares changed hands during mid-day trading, a decline of 31% from the average session volume of 1,111,429 shares. The stock had previously closed at $5.41.

FTAI Infrastructure Stock Performance

The company has a fifty day moving average of $6.90 and a two-hundred day moving average of $8.13. The stock has a market capitalization of $582.37 million, a P/E ratio of -2.59 and a beta of 1.44. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.42 and a quick ratio of 1.42.

FTAI Infrastructure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Friday, March 14th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 2.34%. The ex-dividend date is Friday, March 14th. FTAI Infrastructure’s dividend payout ratio is currently -4.36%.

Hedge Funds Weigh In On FTAI Infrastructure

A number of hedge funds have recently added to or reduced their stakes in the business. FMR LLC lifted its position in shares of FTAI Infrastructure by 5,651.2% in the 3rd quarter. FMR LLC now owns 348,349 shares of the company’s stock worth $3,261,000 after buying an additional 342,292 shares during the last quarter. Barclays PLC lifted its holdings in FTAI Infrastructure by 283.8% in the third quarter. Barclays PLC now owns 159,387 shares of the company’s stock worth $1,492,000 after acquiring an additional 117,863 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in FTAI Infrastructure by 198.9% in 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 period. Highland Peak Capital LLC grew its holdings in shares of FTAI Infrastructure by 194.3% during the third quarter. Highland Peak Capital LLC now owns 1,755,349 shares of the company’s stock valued at $16,430,000 after purchasing an additional 1,158,816 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of FTAI Infrastructure by 113.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 518,294 shares of the company’s stock worth $4,851,000 after purchasing an additional 275,903 shares during the period. Institutional investors and hedge funds own 87.43% of the company’s stock.

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.