FTAI Infrastructure (NASDAQ:FIP) Stock Price Up 3.8% – Should You Buy?

FTAI Infrastructure Inc. (NASDAQ:FIP)’s stock price rose 3.8% during trading on Thursday . The stock traded as high as $7.89 and last traded at $7.73. Approximately 61,597 shares changed hands during trading, a decline of 93% from the average daily volume of 944,279 shares. The stock had previously closed at $7.45.

FTAI Infrastructure Stock Up 4.2 %

The company’s 50 day moving average price is $8.14 and its 200 day moving average price is $8.84. 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 firm has a market capitalization of $883.27 million, a price-to-earnings ratio of -3.92 and a beta of 1.45.

FTAI Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were issued a $0.03 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $0.12 dividend on an annualized basis and a yield of 1.55%. FTAI Infrastructure’s payout ratio is -6.06%.

Institutional Trading of FTAI Infrastructure

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

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.