FTAI Infrastructure (NASDAQ:FIP) Issues Earnings Results

FTAI Infrastructure (NASDAQ:FIP) released its earnings results on Wednesday. The company reported ($1.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.60) by ($0.81), FiscalAI reports. FTAI Infrastructure had a negative net margin of 68.58% and a negative return on equity of 147.01%. The company had revenue of $186.77 million for the quarter, compared to the consensus estimate of $186.08 million.

FTAI Infrastructure Stock Up 0.3%

FIP traded up $0.01 on Wednesday, hitting $3.41. The company’s stock had a trading volume of 2,483,802 shares, compared to its average volume of 1,284,150. The company’s 50 day simple moving average is $4.39 and its 200-day simple moving average is $5.09. The firm has a market cap of $402.93 million, a P/E ratio of -0.76 and a beta of 1.80. FTAI Infrastructure has a 12 month low of $3.35 and a 12 month high of $7.93.

FTAI Infrastructure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Monday, May 18th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Monday, May 18th. FTAI Infrastructure’s dividend payout ratio is presently -2.66%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Wall Street Zen downgraded FTAI Infrastructure from a “sell” rating to a “strong sell” rating in a research note on Monday, July 20th. Citizens Jmp began coverage on FTAI Infrastructure in a research report on Wednesday, July 15th. They issued a “market outperform” rating and a $10.00 target price for the company. Weiss Ratings reissued a “sell (e+)” rating on shares of FTAI Infrastructure in a research report on Friday, June 12th. JonesTrading started coverage on FTAI Infrastructure in a research note on Wednesday, July 1st. They issued a “buy” rating and a $8.75 target price on the stock. Finally, BTIG Research cut their price target 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. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, FTAI Infrastructure currently has an average rating of “Moderate Buy” and a consensus target price of $9.94.

Insider Transactions at FTAI Infrastructure

In other FTAI Infrastructure news, CFO Carl Russell Iv Fletcher bought 10,000 shares of the stock in a transaction on Thursday, May 28th. The shares were acquired at an average price of $4.58 per share, with a total value of $45,800.00. Following the acquisition, the chief financial officer directly owned 40,000 shares of the company’s stock, valued at $183,200. The trade was a 33.33% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.60% of the stock is owned by insiders.

Institutional Trading of FTAI Infrastructure

A number of hedge funds and other institutional investors have recently made changes to their positions in FIP. Envestnet Asset Management Inc. purchased a new stake in FTAI Infrastructure during the 2nd quarter worth about $170,000. Rhumbline Advisers grew its holdings in FTAI Infrastructure by 26.7% during the 2nd quarter. Rhumbline Advisers now owns 190,560 shares of the company’s stock valued at $1,176,000 after buying an additional 40,206 shares in the last quarter. Prudential Financial Inc. bought a new stake in shares of FTAI Infrastructure during the second quarter valued at about $81,000. Invesco Ltd. increased its position in shares of FTAI Infrastructure by 198.6% during the second quarter. Invesco Ltd. now owns 483,930 shares of the company’s stock valued at $2,986,000 after buying an additional 321,873 shares during the period. Finally, Marshall Wace LLP lifted its holdings in shares of FTAI Infrastructure by 422.3% in the second quarter. Marshall Wace LLP now owns 529,502 shares of the company’s stock worth $3,267,000 after buying an additional 428,116 shares in the last quarter. 87.43% of the stock is currently owned by institutional investors.

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.