Maltin Wealth Management Inc. Invests $70,000 in FTAI Infrastructure Inc. (NASDAQ:FIP)

Maltin Wealth Management Inc. purchased a new position in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,051 shares of the company’s stock, valued at approximately $70,000.

Several other institutional investors have also bought and sold shares of FIP. Long Focus Capital Management LLC lifted its holdings in FTAI Infrastructure by 2.6% during the first quarter. Long Focus Capital Management LLC now owns 3,292,659 shares of the company’s stock worth $9,878,000 after acquiring an additional 83,590 shares during the period. Susquehanna International Group LLP purchased a new position in FTAI Infrastructure in the first quarter valued at about $1,306,000. State Street Corp grew its position in shares of FTAI Infrastructure by 5.4% during the 1st quarter. State Street Corp now owns 406,900 shares of the company’s stock valued at $1,221,000 after acquiring an additional 21,000 shares during the period. Solas Capital Management LLC increased its stake in shares of FTAI Infrastructure by 26.9% during the 1st quarter. Solas Capital Management LLC now owns 2,220,000 shares of the company’s stock worth $6,660,000 after purchasing an additional 470,000 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new stake in shares of FTAI Infrastructure in the 1st quarter worth approximately $132,000. Institutional investors own 78.33% of the company’s stock.

FTAI Infrastructure Stock Down 3.1 %

Shares of NASDAQ FIP opened at $3.42 on Tuesday. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a fifty day simple moving average of $3.48 and a two-hundred day simple moving average of $3.26. FTAI Infrastructure Inc. has a 1-year low of $2.22 and a 1-year high of $3.75.

FTAI Infrastructure (NASDAQ:FIP) last posted its quarterly earnings results on Tuesday, July 25th. The company reported ($0.38) earnings per share for the quarter. FTAI Infrastructure had a negative return on equity of 31.02% and a negative net margin of 53.64%. The firm had revenue of $81.83 million for the quarter.

FTAI Infrastructure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, August 8th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date was Monday, August 7th. FTAI Infrastructure’s payout ratio is currently -6.67%.

FTAI Infrastructure Profile

FTAI Infrastructure Inc focuses on acquiring, developing, and operating assets and businesses that represent infrastructure for customers in the transportation and energy industries in North America. The company operates through five segments: Railroad, Jefferson Terminal, Repauno, Power and Gas, and Sustainability and Energy Transition.