GSA Capital Partners LLP Acquires 55,120 Shares of FTAI Infrastructure Inc. (NASDAQ:FIP)

GSA Capital Partners LLP increased its holdings in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) by 70.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 133,733 shares of the company’s stock after acquiring an additional 55,120 shares during the quarter. GSA Capital Partners LLP owned about 0.12% of FTAI Infrastructure worth $1,252,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. US Bancorp DE bought a new position in FTAI Infrastructure during the third quarter worth about $52,000. International Assets Investment Management LLC increased its position in FTAI Infrastructure by 836.0% during the third quarter. International Assets Investment Management LLC now owns 15,182 shares of the company’s stock worth $142,000 after acquiring an additional 13,560 shares during the period. SG Americas Securities LLC increased its position in FTAI Infrastructure by 9.8% during the third quarter. SG Americas Securities LLC now owns 29,654 shares of the company’s stock worth $278,000 after acquiring an additional 2,640 shares during the period. Doheny Asset Management CA bought a new position in FTAI Infrastructure during the second quarter worth about $712,000. Finally, Algert Global LLC bought a new position in FTAI Infrastructure during the second quarter worth about $88,000. 87.43% of the stock is owned by institutional investors.

FTAI Infrastructure Price Performance

FIP stock opened at $8.61 on Friday. 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 Inc. has a 12 month low of $3.42 and a 12 month high of $10.45. The firm has a market cap of $979.39 million, a P/E ratio of -4.38 and a beta of 1.36. The company’s 50-day moving average price is $8.99 and its two-hundred day moving average price is $8.85.

FTAI Infrastructure Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.39%. The ex-dividend date is Tuesday, November 12th. FTAI Infrastructure’s dividend payout ratio is currently -6.06%.

Wall Street Analyst Weigh In

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

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.