FTAI Infrastructure (NASDAQ:FIP) Stock Price Down 5.7% – Time to Sell?

FTAI Infrastructure Inc. (NASDAQ:FIP)’s stock price traded down 5.7% during mid-day trading on Friday . The company traded as low as $5.82 and last traded at $5.7910. 276,643 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 997,427 shares. The stock had previously closed at $6.14.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of FTAI Infrastructure in a research note on Thursday, January 22nd. BTIG Research reaffirmed a “buy” rating and issued a $10.00 price target on shares of FTAI Infrastructure in a research note on Friday, February 27th. Finally, Wall Street Zen lowered FTAI Infrastructure from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $10.00.

FTAI Infrastructure Price Performance

The stock has a 50 day simple moving average of $5.49 and a two-hundred day simple moving average of $5.30. The company has a market cap of $675.88 million, a price-to-earnings ratio of -2.49 and a beta of 1.96. The company has a debt-to-equity ratio of 110.28, a current ratio of 1.18 and a quick ratio of 1.18.

FTAI Infrastructure (NASDAQ:FIP) last released its quarterly earnings data on Thursday, February 26th. The company reported ($1.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.65). The company had revenue of $143.52 million for the quarter, compared to analyst estimates of $169.16 million. FTAI Infrastructure had a negative return on equity of 147.01% and a negative net margin of 31.93%.

FTAI Infrastructure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.12 dividend on an annualized basis and a yield of 2.1%. FTAI Infrastructure’s payout ratio is -5.22%.

Hedge Funds Weigh In On FTAI Infrastructure

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its stake in FTAI Infrastructure by 73.5% during the fourth quarter. Wellington Management Group LLP now owns 11,513,151 shares of the company’s stock worth $53,076,000 after buying an additional 4,875,802 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of FTAI Infrastructure by 4.9% in the 3rd quarter. Vanguard Group Inc. now owns 6,281,484 shares of the company’s stock valued at $27,387,000 after purchasing an additional 294,002 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of FTAI Infrastructure by 3,990.2% in the 3rd quarter. Alliancebernstein L.P. now owns 4,009,630 shares of the company’s stock valued at $17,482,000 after purchasing an additional 3,911,600 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of FTAI Infrastructure by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 2,686,678 shares of the company’s stock valued at $12,387,000 after purchasing an additional 18,421 shares during the last quarter. Finally, Royce & Associates LP lifted its stake in shares of FTAI Infrastructure by 24.4% in the 4th quarter. Royce & Associates LP now owns 2,682,778 shares of the company’s stock valued at $12,368,000 after purchasing an additional 527,000 shares during the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.

FTAI Infrastructure Company Profile

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.