FTAI Infrastructure (NASDAQ:FIP) Trading Up 8.3% – Here’s Why

Shares of FTAI Infrastructure Inc. (NASDAQ:FIP) rose 8.3% during mid-day trading on Monday . The company traded as high as $5.71 and last traded at $5.6750. Approximately 523,320 shares were traded during trading, a decline of 49% from the average daily volume of 1,032,763 shares. The stock had previously closed at $5.24.

Analysts Set New Price Targets

A number of brokerages have recently commented on FIP. BTIG Research restated a “buy” rating and issued a $10.00 price target on shares of FTAI Infrastructure in a report on Friday, February 27th. Wall Street Zen raised FTAI Infrastructure from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of FTAI Infrastructure in a research note on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $11.00.

FTAI Infrastructure Stock Down 4.0%

The firm’s 50 day simple moving average is $5.79 and its 200-day simple moving average is $5.15. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 110.28. The stock has a market capitalization of $583.78 million, a price-to-earnings ratio of -2.18 and a beta of 1.86.

FTAI Infrastructure (NASDAQ:FIP) last announced its quarterly earnings data on Thursday, February 26th. The company reported ($1.08) earnings per share for the quarter, missing the consensus estimate of ($0.43) by ($0.65). The company had revenue of $143.52 million during the quarter, compared to the consensus estimate of $169.16 million. FTAI Infrastructure had a negative net margin of 31.93% and a negative return on equity of 82.60%.

FTAI Infrastructure Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Friday, March 13th. FTAI Infrastructure’s dividend payout ratio (DPR) is currently -5.22%.

Institutional Investors Weigh In On FTAI Infrastructure

A number of institutional investors and hedge funds have recently made changes to their positions in FIP. Wellington Management Group LLP grew its stake in shares of FTAI Infrastructure by 73.5% in the fourth quarter. Wellington Management Group LLP now owns 11,513,151 shares of the company’s stock valued at $53,076,000 after buying an additional 4,875,802 shares in the last quarter. Vanguard Group Inc. lifted its stake in FTAI Infrastructure by 4.9% in the third quarter. Vanguard Group Inc. now owns 6,281,484 shares of the company’s stock valued at $27,387,000 after acquiring an additional 294,002 shares during the last quarter. Hood River Capital Management LLC lifted its stake in FTAI Infrastructure by 1.3% in the second quarter. Hood River Capital Management LLC now owns 5,987,061 shares of the company’s stock valued at $36,940,000 after acquiring an additional 75,784 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of FTAI Infrastructure by 3,990.2% in the 3rd quarter. Alliancebernstein L.P. now owns 4,009,630 shares of the company’s stock valued at $17,482,000 after acquiring an additional 3,911,600 shares during the period. Finally, Frontier Capital Management Co. LLC grew its position in shares of FTAI Infrastructure by 425.7% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 3,639,934 shares of the company’s stock valued at $22,458,000 after acquiring an additional 2,947,567 shares during the period. Institutional investors own 87.43% of the company’s stock.

FTAI Infrastructure Company Profile

FTAI Infrastructure Ltd (NASDAQ: FIP) is a closed-end investment company that acquires and manages infrastructure assets offering stable, long-term cash flows. The company targets core and core-plus infrastructure sectors with contracted or regulated revenue streams, aiming to deliver attractive risk-adjusted returns for its shareholders. FTAI Infrastructure’s portfolio is diversified across multiple sub-sectors, geographies and counterparties to manage risk and capture growth opportunities in global infrastructure markets.

The company focuses on three primary investment categories: communications infrastructure, transport and logistics infrastructure, and utility infrastructure.