AlphaQuest LLC Buys New Position in FTAI Infrastructure Inc. (NASDAQ:FIP)

AlphaQuest LLC acquired a new stake in FTAI Infrastructure Inc. (NASDAQ:FIP) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 72,604 shares of the company’s stock, valued at approximately $527,000.

A number of other hedge funds have also modified their holdings of FIP. Wilmington Savings Fund Society FSB acquired a new position in shares of FTAI Infrastructure in the third quarter valued at about $34,000. US Bancorp DE acquired a new position in shares of FTAI Infrastructure in the third quarter valued at about $52,000. Cladis Investment Advisory LLC acquired a new position in shares of FTAI Infrastructure in the third quarter valued at about $94,000. Castellan Group acquired a new position in shares of FTAI Infrastructure in the fourth quarter valued at about $96,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of FTAI Infrastructure in the fourth quarter valued at about $97,000. 87.43% of the stock is owned by institutional investors and hedge funds.

FTAI Infrastructure Stock Down 1.2 %

Shares of FIP stock opened at $4.95 on Thursday. The stock’s 50-day simple moving average is $6.64 and its 200-day simple moving average is $7.96. 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 market capitalization of $563.04 million, a PE ratio of -2.50 and a beta of 1.53. FTAI Infrastructure Inc. has a fifty-two week low of $4.86 and a fifty-two week high of $10.45.

FTAI Infrastructure Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 2.42%. FTAI Infrastructure’s payout ratio is -4.36%.

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.