FTAI Infrastructure (NASDAQ:FIP) Stock Price Down 7.1%

FTAI Infrastructure Inc. (NASDAQ:FIP)’s stock price fell 7.1% during trading on Tuesday . The stock traded as low as $9.20 and last traded at $9.23. 369,707 shares traded hands during trading, a decline of 69% from the average session volume of 1,185,134 shares. The stock had previously closed at $9.94.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on FIP shares. BTIG Research upped their target price on FTAI Infrastructure from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. JMP Securities reiterated a “market outperform” rating and issued a $12.00 price objective on shares of FTAI Infrastructure in a research note on Monday, August 5th.

FTAI Infrastructure Stock Performance

The stock has a market cap of $886.77 million, a price-to-earnings ratio of -4.54 and a beta of 1.31. The company has a debt-to-equity ratio of 5.42, a current ratio of 2.10 and a quick ratio of 2.10. The stock’s 50-day moving average is $9.41 and its 200-day moving average is $7.77.

FTAI Infrastructure (NASDAQ:FIP) last issued its quarterly earnings results on Friday, August 2nd. The company reported ($0.52) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.17). FTAI Infrastructure had a negative return on equity of 44.09% and a negative net margin of 49.85%. The business had revenue of $84.89 million during the quarter.

FTAI Infrastructure Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Monday, August 12th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Monday, August 12th. FTAI Infrastructure’s dividend payout ratio (DPR) is presently -6.19%.

Insider Activity

In other FTAI Infrastructure news, major shareholder Fig Buyer Gp, Llc sold 3,399,501 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $9.04, for a total transaction of $30,731,489.04. Following the completion of the sale, the insider now directly owns 8,418,561 shares in the company, valued at $76,103,791.44. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.17% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Quadrature Capital Ltd purchased a new position in shares of FTAI Infrastructure during the 4th quarter valued at approximately $39,000. Cantor Fitzgerald Investment Advisors L.P. acquired a new position in shares of FTAI Infrastructure in the 4th quarter worth approximately $41,000. Merit Financial Group LLC bought a new stake in shares of FTAI Infrastructure in the 4th quarter valued at approximately $48,000. Victory Capital Management Inc. lifted its stake in FTAI Infrastructure by 23.2% during the fourth quarter. Victory Capital Management Inc. now owns 13,200 shares of the company’s stock worth $51,000 after purchasing an additional 2,490 shares during the last quarter. Finally, Van Hulzen Asset Management LLC acquired a new position in FTAI Infrastructure in the fourth quarter worth $58,000. 87.43% of the stock is owned by institutional investors and hedge funds.

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.