FTAI Infrastructure Sees Unusually High Options Volume (NASDAQ:FIP)

FTAI Infrastructure Inc. (NASDAQ:FIP) saw unusually large options trading on Wednesday. Stock traders purchased 12,783 call options on the stock. Thisisanincreaseofapproximately1,195% compared to the average daily volume of 987 call options.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut FTAI Infrastructure from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, FTAI Infrastructure currently has an average rating of “Buy” and an average target price of $12.00.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FIP. Nomura Holdings Inc. purchased a new stake in shares of FTAI Infrastructure during the second quarter valued at $925,000. Mcintyre Freedman & Flynn Investment Advisers Inc. purchased a new stake in shares of FTAI Infrastructure during the second quarter valued at $80,000. Tower Research Capital LLC TRC lifted its holdings in shares of FTAI Infrastructure by 324.4% during the second quarter. Tower Research Capital LLC TRC now owns 25,679 shares of the company’s stock valued at $158,000 after purchasing an additional 19,628 shares during the last quarter. Northern Right Capital Management L.P. purchased a new stake in shares of FTAI Infrastructure during the second quarter valued at $5,465,000. Finally, Sender Co & Partners Inc. purchased a new stake in shares of FTAI Infrastructure during the second quarter valued at $267,000. Institutional investors own 87.43% of the company’s stock.

FTAI Infrastructure Trading Up 1.8%

Shares of FIP stock opened at $4.53 on Thursday. The stock has a 50-day simple moving average of $6.14 and a 200 day simple moving average of $5.48. FTAI Infrastructure has a fifty-two week low of $3.10 and a fifty-two week high of $9.99. The stock has a market capitalization of $521.36 million, a P/E ratio of -2.96 and a beta of 1.89. The company has a quick ratio of 0.86, a current ratio of 1.49 and a debt-to-equity ratio of 13.30.

FTAI Infrastructure (NASDAQ:FIP) last announced its earnings results on Thursday, August 7th. The company reported ($0.73) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($0.36). FTAI Infrastructure had a negative net margin of 20.85% and a negative return on equity of 10.14%. The firm had revenue of $122.29 million for the quarter, compared to the consensus estimate of $151.77 million.

FTAI Infrastructure Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 8th. Investors of record on Monday, August 25th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Monday, August 25th. This represents a $0.12 annualized dividend and a yield of 2.6%. FTAI Infrastructure’s dividend payout ratio (DPR) is currently -7.84%.

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.