Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) CFO Buys $65,920.00 in Stock

Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) CFO Scott Christopher purchased 10,300 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The shares were purchased at an average price of $6.40 per share, for a total transaction of $65,920.00. Following the transaction, the chief financial officer now owns 10,300 shares of the company’s stock, valued at approximately $65,920. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

FTAI opened at $8.08 on Thursday. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.03. The company has a market cap of $611.10 million, a price-to-earnings ratio of 3.11 and a beta of 1.10. Fortress Transprtn and Infr Investrs LLC has a 52-week low of $3.69 and a 52-week high of $21.73. The firm’s fifty day simple moving average is $15.91 and its two-hundred day simple moving average is $17.04.

Fortress Transprtn and Infr Investrs (NYSE:FTAI) last posted its quarterly earnings data on Thursday, February 27th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $1.23. The business had revenue of $161.33 million for the quarter, compared to the consensus estimate of $154.83 million. Fortress Transprtn and Infr Investrs had a net margin of 36.35% and a return on equity of 4.27%. The company’s revenue was up 25.4% compared to the same quarter last year. During the same period last year, the firm posted $0.01 earnings per share. On average, research analysts forecast that Fortress Transprtn and Infr Investrs LLC will post 0.82 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Friday, March 13th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 16.34%. The ex-dividend date was Thursday, March 12th. Fortress Transprtn and Infr Investrs’s payout ratio is 235.71%.

Several analysts recently commented on FTAI shares. ValuEngine upgraded shares of Fortress Transprtn and Infr Investrs from a “sell” rating to a “hold” rating in a research report on Tuesday, March 3rd. JMP Securities raised their price target on shares of Fortress Transprtn and Infr Investrs from $24.00 to $26.00 and gave the company a “market outperform” rating in a research report on Thursday, February 20th. Bank of America dropped their price target on shares of Fortress Transprtn and Infr Investrs from $22.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, March 20th. BTIG Research raised their price target on shares of Fortress Transprtn and Infr Investrs from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Finally, Zacks Investment Research upgraded shares of Fortress Transprtn and Infr Investrs from a “hold” rating to a “buy” rating and set a $6.25 price target on the stock in a research report on Thursday, March 19th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Fortress Transprtn and Infr Investrs presently has an average rating of “Buy” and an average target price of $20.18.

Institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp lifted its holdings in Fortress Transprtn and Infr Investrs by 4.3% during the third quarter. State Street Corp now owns 47,561 shares of the financial services provider’s stock valued at $721,000 after purchasing an additional 1,944 shares in the last quarter. Advisors Capital Management LLC lifted its holdings in Fortress Transprtn and Infr Investrs by 5.6% during the fourth quarter. Advisors Capital Management LLC now owns 239,664 shares of the financial services provider’s stock valued at $4,683,000 after purchasing an additional 12,641 shares in the last quarter. Philadelphia Financial Management of San Francisco LLC purchased a new position in Fortress Transprtn and Infr Investrs during the third quarter valued at $4,103,000. Brasada Capital Management LP lifted its stake in shares of Fortress Transprtn and Infr Investrs by 116.6% in the fourth quarter. Brasada Capital Management LP now owns 40,500 shares of the financial services provider’s stock worth $791,000 after buying an additional 21,800 shares in the last quarter. Finally, Citigroup Inc. lifted its stake in shares of Fortress Transprtn and Infr Investrs by 2,951.3% in the fourth quarter. Citigroup Inc. now owns 153,175 shares of the financial services provider’s stock worth $2,993,000 after buying an additional 148,155 shares in the last quarter. 33.95% of the stock is currently owned by institutional investors and hedge funds.

Fortress Transprtn and Infr Investrs Company Profile

Fortress Transportation and Infrastructure Investors LLC owns and acquires infrastructure and related equipment for the transportation of goods and people in Africa, Asia, Europe, North America, and South America. It operates in six segments: Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal, Railroad, and Ports and Terminals.

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