FTAI Infrastructure (NASDAQ:FIP) Stock Price Up 11% – Here’s Why

Shares of FTAI Infrastructure Inc. (NASDAQ:FIP) were up 11% on Monday . The stock traded as high as $4.62 and last traded at $4.6180. Approximately 567,470 shares changed hands during trading, a decline of 44% from the average daily volume of 1,019,855 shares. The stock had previously closed at $4.16.

Analyst Ratings Changes

Several research analysts recently weighed in on FIP shares. BTIG Research decreased their target price on FTAI Infrastructure from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Wall Street Zen cut FTAI Infrastructure from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $9.00.

FTAI Infrastructure Stock Up 8.7%

The company has a debt-to-equity ratio of 110.28, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market cap of $534.08 million, a PE ratio of -1.00 and a beta of 1.79. The business has a fifty day moving average price of $5.03 and a two-hundred day moving average price of $5.19.

FTAI Infrastructure (NASDAQ:FIP) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($1.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.90). FTAI Infrastructure had a negative net margin of 68.58% and a negative return on equity of 147.01%. The business had revenue of $188.36 million for the quarter, compared to analysts’ expectations of $182.41 million. The company’s revenue for the quarter was up 95.8% compared to the same quarter last year.

FTAI Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, May 18th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $0.12 dividend on an annualized basis and a yield of 2.7%. FTAI Infrastructure’s dividend payout ratio (DPR) is presently -2.66%.

Insider Transactions at FTAI Infrastructure

In other news, CFO Carl Russell Iv Fletcher acquired 10,000 shares of FTAI Infrastructure stock in a transaction that occurred on Thursday, May 28th. The stock was purchased at an average price of $4.58 per share, with a total value of $45,800.00. Following the completion of the transaction, the chief financial officer owned 40,000 shares in the company, valued at approximately $183,200. This trade represents a 33.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.17% of the company’s stock.

Institutional Trading of FTAI Infrastructure

A number of institutional investors have recently bought and sold shares of FIP. Larson Financial Group LLC boosted its position in FTAI Infrastructure by 6,941.7% during the fourth quarter. Larson Financial Group LLC now owns 8,098 shares of the company’s stock valued at $37,000 after purchasing an additional 7,983 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of FTAI Infrastructure by 12,129.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 9,172 shares of the company’s stock worth $40,000 after acquiring an additional 9,097 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of FTAI Infrastructure during the 3rd quarter worth about $46,000. Xponance LLC bought a new stake in shares of FTAI Infrastructure during the 4th quarter worth about $47,000. Finally, CIBC Bancorp USA Inc. bought a new stake in shares of FTAI Infrastructure during the 3rd quarter worth about $50,000. Institutional investors and hedge funds 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.