FTAI Infrastructure Inc. (NASDAQ:FIP) Shares Sold by American Assets Capital Advisers LLC

American Assets Capital Advisers LLC lowered its holdings in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) by 8.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,273,011 shares of the company’s stock after selling 308,210 shares during the quarter. FTAI Infrastructure makes up 7.9% of American Assets Capital Advisers LLC’s holdings, making the stock its 2nd largest position. American Assets Capital Advisers LLC owned about 2.88% of FTAI Infrastructure worth $23,762,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new position in FTAI Infrastructure in the 3rd quarter valued at about $34,000. US Bancorp DE purchased a new stake in shares of FTAI Infrastructure during the third quarter worth approximately $52,000. Cladis Investment Advisory LLC acquired a new position in FTAI Infrastructure in the 3rd quarter valued at $94,000. Castellan Group purchased a new position in FTAI Infrastructure in the 4th quarter valued at $96,000. Finally, Proficio Capital Partners LLC acquired a new stake in FTAI Infrastructure during the 4th quarter worth $97,000. 87.43% of the stock is owned by institutional investors and hedge funds.

FTAI Infrastructure Price Performance

FTAI Infrastructure stock opened at $4.80 on Friday. The company has a fifty day simple moving average of $6.54 and a 200-day simple moving average of $7.90. 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 $545.98 million, a price-to-earnings ratio of -2.42 and a beta of 1.53. FTAI Infrastructure Inc. has a 52-week low of $4.73 and a 52-week high of $10.46.

FTAI Infrastructure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.12 dividend on an annualized basis and a yield of 2.50%. 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.