FTAI Infrastructure (NASDAQ:FIP) Shares Down 3.8% – Time to Sell?

FTAI Infrastructure Inc. (NASDAQ:FIP)’s stock price fell 3.8% during trading 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 Down 5.4 %

The stock has a market capitalization of $582.37 million, a price-to-earnings ratio of -2.59 and a beta of 1.44. The firm has a 50-day moving average of $6.90 and a 200 day moving average of $8.13. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 6.07.

FTAI Infrastructure Announces Dividend

The company also recently announced 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. The ex-dividend date is Friday, March 14th. This represents a $0.12 annualized dividend and a dividend yield of 2.34%. FTAI Infrastructure’s dividend payout ratio (DPR) is presently -4.36%.

Hedge Funds Weigh In On FTAI Infrastructure

Institutional investors have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of FTAI Infrastructure during the third quarter worth about $34,000. US Bancorp DE purchased a new stake in FTAI Infrastructure during the 3rd quarter worth approximately $52,000. Cladis Investment Advisory LLC purchased a new position in shares of FTAI Infrastructure during the 3rd quarter valued at approximately $94,000. Morey & Quinn Wealth Partners LLC purchased a new position in shares of FTAI Infrastructure during the 4th quarter valued at approximately $84,000. Finally, Castellan Group acquired a new stake in shares of FTAI Infrastructure during the fourth quarter worth approximately $96,000. Institutional investors and hedge funds own 87.43% of the company’s stock.

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.