FTAI Infrastructure (NASDAQ:FIP) Reaches New 12-Month Low – Time to Sell?

FTAI Infrastructure Inc. (NASDAQ:FIP)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as $4.72 and last traded at $4.74, with a volume of 330321 shares changing hands. The stock had previously closed at $4.93.

FTAI Infrastructure Price Performance

The company has a market cap of $533.25 million, a PE ratio of -2.36 and a beta of 1.52. The business has a 50 day moving average of $5.99 and a 200 day moving average of $7.64. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend was Friday, March 14th. FTAI Infrastructure’s payout ratio is -4.36%.

Hedge Funds Weigh In On FTAI Infrastructure

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Hood River Capital Management LLC boosted its position in FTAI Infrastructure by 32.7% during the 4th quarter. Hood River Capital Management LLC now owns 5,891,840 shares of the company’s stock valued at $42,775,000 after acquiring an additional 1,452,567 shares in the last quarter. Diamond Hill Capital Management Inc. purchased a new position in FTAI Infrastructure during the fourth quarter valued at $5,938,000. Capital International Investors grew its holdings in shares of FTAI Infrastructure by 17.0% during the fourth quarter. Capital International Investors now owns 5,345,350 shares of the company’s stock worth $38,807,000 after buying an additional 778,376 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of FTAI Infrastructure by 12.6% during the 4th quarter. Vanguard Group Inc. now owns 6,537,542 shares of the company’s stock valued at $47,463,000 after acquiring an additional 730,895 shares during the last quarter. Finally, Balyasny Asset Management L.P. lifted its stake in shares of FTAI Infrastructure by 49.3% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,081,888 shares of the company’s stock valued at $15,115,000 after purchasing an additional 687,413 shares during the last quarter. 87.43% of the stock is owned by hedge funds and other institutional investors.

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.