FTAI Infrastructure (NASDAQ:FIP) Shares Down 3.8% – Should You Sell?

FTAI Infrastructure Inc. (NASDAQ:FIP) traded down 3.8% on Wednesday . The stock traded as low as $5.16 and last traded at $5.21. 761,605 shares were traded during trading, a decline of 31% from the average session volume of 1,111,429 shares. The stock had previously closed at $5.41.

FTAI Infrastructure Stock Performance

The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a 50 day moving average of $6.77 and a two-hundred day moving average of $8.06. The stock has a market cap of $574.41 million, a P/E ratio of -2.55 and a beta of 1.52.

FTAI Infrastructure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Friday, March 14th. FTAI Infrastructure’s dividend payout ratio is -4.36%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of FIP. Wilmington Savings Fund Society FSB acquired a new stake in shares of FTAI Infrastructure in the third quarter valued at $34,000. US Bancorp DE bought a new position in shares of FTAI Infrastructure in the third quarter worth about $52,000. Cladis Investment Advisory LLC acquired a new position in shares of FTAI Infrastructure during the third quarter worth approximately $94,000. Morey & Quinn Wealth Partners LLC bought a new stake in shares of FTAI Infrastructure during the fourth quarter valued at approximately $84,000. Finally, Castellan Group acquired a new stake in shares of FTAI Infrastructure in the fourth quarter valued at approximately $96,000. 87.43% of the stock is currently owned by institutional investors and hedge funds.

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.