FTAI Infrastructure (NASDAQ:FIP) Stock Price Up 5.9% – Should You Buy?

FTAI Infrastructure Inc. (NASDAQ:FIP) shares rose 5.9% during mid-day trading on Monday . The stock traded as high as $5.05 and last traded at $5.09. Approximately 183,501 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 1,164,031 shares. The stock had previously closed at $4.80.

FTAI Infrastructure Trading Down 2.8 %

The firm has a 50-day moving average price of $6.45 and a 200-day moving average price of $7.83. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a market cap of $582.37 million, a PE ratio of -2.59 and a beta of 1.52.

FTAI Infrastructure Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th will be given a $0.03 dividend. 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 presently -4.36%.

Hedge Funds Weigh In On FTAI Infrastructure

Several large investors have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB purchased a new position in FTAI Infrastructure in the 3rd quarter worth about $34,000. Morey & Quinn Wealth Partners LLC purchased a new position in FTAI Infrastructure in the 4th quarter worth about $84,000. Cladis Investment Advisory LLC purchased a new position in FTAI Infrastructure in the 3rd quarter worth about $94,000. Castellan Group purchased a new position in FTAI Infrastructure in the 4th quarter worth about $96,000. Finally, Proficio Capital Partners LLC purchased a new position in FTAI Infrastructure in the 4th quarter worth about $97,000. Hedge funds and other institutional investors 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.