FTAI Infrastructure (NASDAQ:FIP) Stock Price Up 3.7%

FTAI Infrastructure Inc. (NASDAQ:FIP)’s stock price traded up 3.7% during trading on Thursday . The stock traded as high as $6.90 and last traded at $6.79. 98,287 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 691,401 shares. The stock had previously closed at $6.55.

Wall Street Analysts Forecast Growth

Separately, BTIG Research started coverage on shares of FTAI Infrastructure in a research report on Thursday. They set a “buy” rating and a $10.00 price target on the stock.

FTAI Infrastructure Price Performance

The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.23 and a current ratio of 1.23. The company has a market cap of $678.27 million, a price-to-earnings ratio of -3.71 and a beta of 1.51. The business has a fifty day moving average price of $5.59 and a 200 day moving average price of $4.34.

FTAI Infrastructure (NASDAQ:FIP) last issued its earnings results on Thursday, February 29th. The company reported ($0.47) EPS for the quarter. FTAI Infrastructure had a negative return on equity of 32.27% and a negative net margin of 48.71%. The business had revenue of $81.44 million for the quarter.

FTAI Infrastructure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Wednesday, March 27th were given a $0.03 dividend. The ex-dividend date was Tuesday, March 26th. This represents a $0.12 dividend on an annualized basis and a yield of 1.80%. FTAI Infrastructure’s dividend payout ratio is currently -6.67%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. International Assets Investment Management LLC acquired a new stake in FTAI Infrastructure during the 4th quarter worth approximately $25,000. Allspring Global Investments Holdings LLC bought a new stake in shares of FTAI Infrastructure in the third quarter worth $28,000. Ameritas Investment Partners Inc. bought a new stake in shares of FTAI Infrastructure in the second quarter worth $30,000. Victory Capital Management Inc. acquired a new stake in FTAI Infrastructure in the fourth quarter valued at $33,000. Finally, Quadrature Capital Ltd bought a new position in FTAI Infrastructure during the 4th quarter worth $39,000. 87.43% of the stock is currently owned by institutional investors.

FTAI Infrastructure Company Profile

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.