10,000 Shares in FTAI Infrastructure Inc. (NASDAQ:FIP) Acquired by Cladis Investment Advisory LLC

Cladis Investment Advisory LLC bought a new stake in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 10,000 shares of the company’s stock, valued at approximately $94,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. First Eagle Investment Management LLC purchased a new position in shares of FTAI Infrastructure in the second quarter worth approximately $2,766,000. Bank of New York Mellon Corp boosted its stake in shares of 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 worth $6,860,000 after acquiring an additional 65,218 shares during the last quarter. Highland Peak Capital LLC grew 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 period. Price T Rowe Associates Inc. MD increased its stake in shares of FTAI Infrastructure by 22.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,483 shares of the company’s stock worth $179,000 after purchasing an additional 5,244 shares in the last quarter. Finally, Doheny Asset Management CA bought a new position in FTAI Infrastructure in the 2nd quarter worth $712,000. 87.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

FTAI Infrastructure Stock Up 1.9 %

Shares of FIP stock opened at $8.65 on Monday. 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 Inc. has a one year low of $3.42 and a one year high of $10.45. The company’s fifty day moving average price is $8.93 and its 200-day moving average price is $8.94. The company has a market capitalization of $983.94 million, a price-to-earnings ratio of -4.37 and a beta of 1.36.

FTAI Infrastructure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were given a $0.03 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $0.12 annualized dividend and a dividend yield of 1.39%. 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.