Capital International Investors Raises Stake in FTAI Infrastructure Inc. (NASDAQ:FIP)

Capital International Investors boosted its stake in FTAI Infrastructure Inc. (NASDAQ:FIP) by 17.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 5,345,350 shares of the company’s stock after purchasing an additional 778,376 shares during the period. Capital International Investors’ holdings in FTAI Infrastructure were worth $38,807,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Rhumbline Advisers increased its holdings in FTAI Infrastructure by 1.4% in the 4th quarter. Rhumbline Advisers now owns 158,513 shares of the company’s stock worth $1,151,000 after acquiring an additional 2,141 shares during the last quarter. Arizona State Retirement System boosted its position in FTAI Infrastructure by 10.1% during the fourth quarter. Arizona State Retirement System now owns 32,231 shares of the company’s stock worth $234,000 after purchasing an additional 2,948 shares during the period. Invesco Ltd. increased its stake in shares of FTAI Infrastructure by 1.8% in the fourth quarter. Invesco Ltd. now owns 196,041 shares of the company’s stock worth $1,423,000 after purchasing an additional 3,409 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of FTAI Infrastructure in the third quarter valued at approximately $34,000. Finally, Pictet Asset Management Holding SA lifted its stake in shares of FTAI Infrastructure by 19.3% during the 4th quarter. Pictet Asset Management Holding SA now owns 22,326 shares of the company’s stock valued at $162,000 after buying an additional 3,610 shares in the last quarter. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

FTAI Infrastructure Stock Up 2.4 %

FTAI Infrastructure stock opened at $3.58 on Monday. The firm has a 50 day simple moving average of $4.89 and a 200 day simple moving average of $7.00. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 6.07. FTAI Infrastructure Inc. has a 1-year low of $3.10 and a 1-year high of $10.46. The firm has a market capitalization of $407.34 million, a price-to-earnings ratio of -1.81 and a beta of 1.69.

FTAI Infrastructure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 3.36%. The ex-dividend date was Friday, March 14th. FTAI Infrastructure’s dividend payout ratio (DPR) is presently -4.36%.

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.