FTAI Infrastructure (NASDAQ:FIP) Shares Up 5.8% – Should You Buy?

FTAI Infrastructure Inc. (NASDAQ:FIP) rose 5.8% during trading on Wednesday . The company traded as high as $8.22 and last traded at $8.04. Approximately 263,390 shares changed hands during trading, a decline of 58% from the average daily volume of 621,169 shares. The stock had previously closed at $7.60.

FTAI Infrastructure Trading Down 5.8 %

The firm has a market capitalization of $900.90 million, a PE ratio of -4.00 and a beta of 1.34. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 6.07. The business’s fifty day moving average price is $8.17 and its 200 day moving average price is $8.85.

FTAI Infrastructure Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were given a $0.03 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $0.12 annualized dividend and a dividend yield of 1.52%. FTAI Infrastructure’s dividend payout ratio is presently -6.06%.

Institutional Investors Weigh In On FTAI Infrastructure

Several hedge funds have recently modified their holdings of the stock. Highland Peak Capital LLC lifted its position in FTAI Infrastructure by 194.3% during the third quarter. Highland Peak Capital LLC now owns 1,755,349 shares of the company’s stock valued at $16,430,000 after buying an additional 1,158,816 shares in the last quarter. Hood River Capital Management LLC lifted its position in FTAI Infrastructure by 26.5% during the second quarter. Hood River Capital Management LLC now owns 2,957,163 shares of the company’s stock valued at $25,520,000 after buying an additional 618,625 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in FTAI Infrastructure by 198.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 848,363 shares of the company’s stock valued at $7,941,000 after buying an additional 564,566 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of FTAI Infrastructure by 44.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,470,225 shares of the company’s stock valued at $12,688,000 after purchasing an additional 449,481 shares during the period. Finally, Luxor Capital Group LP raised its stake in shares of FTAI Infrastructure by 8.0% during the second quarter. Luxor Capital Group LP now owns 5,681,893 shares of the company’s stock valued at $49,035,000 after purchasing an additional 420,019 shares during the period. 87.43% of the stock is owned by institutional investors and hedge funds.

About FTAI Infrastructure

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.