FTAI Infrastructure (NASDAQ:FIP) CFO Carl Russell Iv Fletcher Acquires 10,000 Shares of Stock

FTAI Infrastructure Inc. (NASDAQ:FIP) CFO Carl Russell Iv Fletcher bought 10,000 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were acquired at an average cost of $4.58 per share, for a total transaction of $45,800.00. Following the purchase, the chief financial officer directly owned 40,000 shares in the company, valued at $183,200. This represents a 33.33% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

FTAI Infrastructure Stock Down 1.5%

FIP opened at $4.56 on Friday. FTAI Infrastructure Inc. has a one year low of $3.90 and a one year high of $7.93. The company has a debt-to-equity ratio of 110.28, a quick ratio of 1.10 and a current ratio of 1.10. The stock’s fifty day moving average is $5.09 and its 200-day moving average is $5.20. The company has a market capitalization of $538.81 million, a PE ratio of -1.01 and a beta of 1.96.

FTAI Infrastructure (NASDAQ:FIP) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($1.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.90). FTAI Infrastructure had a negative return on equity of 147.01% and a negative net margin of 68.58%.The firm had revenue of $188.36 million during the quarter, compared to the consensus estimate of $182.41 million. FTAI Infrastructure’s revenue was up 95.8% on a year-over-year basis.

FTAI Infrastructure Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Monday, May 18th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, May 18th. FTAI Infrastructure’s payout ratio is currently -2.66%.

Analysts Set New Price Targets

A number of research firms have recently commented on FIP. Wall Street Zen downgraded FTAI Infrastructure from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. BTIG Research dropped their price objective on FTAI Infrastructure from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $9.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE grew its stake in FTAI Infrastructure by 1.7% in the first quarter. Bank of America Corp DE now owns 281,015 shares of the company’s stock valued at $1,388,000 after purchasing an additional 4,810 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of FTAI Infrastructure by 47.2% during the 1st quarter. Royal Bank of Canada now owns 69,236 shares of the company’s stock worth $341,000 after acquiring an additional 22,214 shares in the last quarter. Quantinno Capital Management LP boosted its stake in shares of FTAI Infrastructure by 28.3% during the 1st quarter. Quantinno Capital Management LP now owns 86,840 shares of the company’s stock worth $429,000 after acquiring an additional 19,155 shares in the last quarter. Lazard Asset Management LLC boosted its stake in shares of FTAI Infrastructure by 38.0% during the 1st quarter. Lazard Asset Management LLC now owns 467,149 shares of the company’s stock worth $2,308,000 after acquiring an additional 128,598 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID boosted its stake in shares of FTAI Infrastructure by 288.6% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 128,589 shares of the company’s stock worth $635,000 after acquiring an additional 95,498 shares in the last quarter. Hedge funds and other institutional investors own 87.43% of the company’s stock.

About FTAI Infrastructure

FTAI Infrastructure Ltd (NASDAQ: FIP) is a closed-end investment company that acquires and manages infrastructure assets offering stable, long-term cash flows. The company targets core and core-plus infrastructure sectors with contracted or regulated revenue streams, aiming to deliver attractive risk-adjusted returns for its shareholders. FTAI Infrastructure’s portfolio is diversified across multiple sub-sectors, geographies and counterparties to manage risk and capture growth opportunities in global infrastructure markets.

The company focuses on three primary investment categories: communications infrastructure, transport and logistics infrastructure, and utility infrastructure.