FTAI Infrastructure Inc. (NASDAQ:FIP) Stake Decreased by Bard Associates Inc.

Bard Associates Inc. cut its stake in FTAI Infrastructure Inc. (NASDAQ:FIP) by 1.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,138,465 shares of the company’s stock after selling 20,950 shares during the period. FTAI Infrastructure comprises approximately 2.8% of Bard Associates Inc.’s portfolio, making the stock its 5th largest position. Bard Associates Inc.’s holdings in FTAI Infrastructure were worth $8,265,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new position in shares of FTAI Infrastructure during the third quarter worth approximately $34,000. US Bancorp DE bought a new position in shares of FTAI Infrastructure during the 3rd quarter valued at $52,000. Cladis Investment Advisory LLC purchased a new position in FTAI Infrastructure in the 3rd quarter worth $94,000. Castellan Group bought a new stake in FTAI Infrastructure in the fourth quarter worth $96,000. Finally, Proficio Capital Partners LLC purchased a new stake in FTAI Infrastructure during the fourth quarter valued at about $97,000. Institutional investors own 87.43% of the company’s stock.

FTAI Infrastructure Stock Down 8.6 %

Shares of NASDAQ:FIP opened at $5.34 on Tuesday. FTAI Infrastructure Inc. has a 12-month low of $4.82 and a 12-month high of $10.45. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 6.07. The stock’s 50-day moving average price is $6.93 and its 200-day moving average price is $8.16. The stock has a market capitalization of $607.40 million, a P/E ratio of -2.70 and a beta of 1.44.

FTAI Infrastructure Dividend Announcement

The business 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 $0.03 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.12 dividend on an annualized basis and a yield of 2.25%. FTAI Infrastructure’s dividend payout ratio (DPR) is currently -4.36%.

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.