FTAI Infrastructure (NASDAQ:FIP) Stock Price Down 3.2% – What’s Next?

FTAI Infrastructure Inc. (NASDAQ:FIP)’s stock price traded down 3.2% during trading on Monday . The company traded as low as $5.08 and last traded at $5.13. 135,132 shares traded hands during trading, a decline of 88% from the average session volume of 1,175,024 shares. The stock had previously closed at $5.30.

FTAI Infrastructure Stock Performance

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 50-day moving average price of $6.27 and a 200 day moving average price of $7.75. The firm has a market capitalization of $589.08 million, a PE ratio of -2.61 and a beta of 1.52.

FTAI Infrastructure Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.03 per share. The ex-dividend date is Friday, March 14th. This represents a $0.12 dividend on an annualized basis and a yield of 2.32%. FTAI Infrastructure’s dividend payout ratio (DPR) is presently -4.36%.

Hedge Funds Weigh In On FTAI Infrastructure

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC increased its position in shares of FTAI Infrastructure by 5,651.2% during the third quarter. FMR LLC now owns 348,349 shares of the company’s stock worth $3,261,000 after acquiring an additional 342,292 shares during the period. Barclays PLC raised its position in FTAI Infrastructure by 283.8% in the 3rd quarter. Barclays PLC now owns 159,387 shares of the company’s stock valued at $1,492,000 after purchasing an additional 117,863 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of FTAI Infrastructure by 198.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 848,363 shares of the company’s stock valued at $7,941,000 after buying an additional 564,566 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of FTAI Infrastructure by 113.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 518,294 shares of the company’s stock valued at $4,851,000 after buying an additional 275,903 shares during the period. Finally, State Street Corp grew its position in shares of FTAI Infrastructure by 2.2% during the third quarter. State Street Corp now owns 2,543,305 shares of the company’s stock worth $23,805,000 after buying an additional 55,936 shares in the last quarter. Hedge funds and other institutional investors 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.