Highland Peak Capital LLC Raises Position in FTAI Infrastructure Inc. (NASDAQ:FIP)

Highland Peak Capital LLC lifted its holdings in FTAI Infrastructure Inc. (NASDAQ:FIP) by 194.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,755,349 shares of the company’s stock after acquiring an additional 1,158,816 shares during the quarter. FTAI Infrastructure makes up approximately 7.2% of Highland Peak Capital LLC’s holdings, making the stock its 3rd largest holding. Highland Peak Capital LLC’s holdings in FTAI Infrastructure were worth $16,430,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of FIP. Hood River Capital Management LLC grew its stake in shares of FTAI Infrastructure by 26.5% during the second quarter. Hood River Capital Management LLC now owns 2,957,163 shares of the company’s stock valued at $25,520,000 after purchasing an additional 618,625 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of FTAI Infrastructure by 44.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,470,225 shares of the company’s stock valued at $12,688,000 after buying an additional 449,481 shares during the period. Luxor Capital Group LP raised its position in shares of FTAI Infrastructure by 8.0% during the second quarter. Luxor Capital Group LP now owns 5,681,893 shares of the company’s stock worth $49,035,000 after acquiring an additional 420,019 shares during the last quarter. First Eagle Investment Management LLC acquired a new position in shares of FTAI Infrastructure during the second quarter valued at $2,766,000. Finally, Cruiser Capital Advisors LLC boosted its holdings in FTAI Infrastructure by 67.6% in the first quarter. Cruiser Capital Advisors LLC now owns 432,255 shares of the company’s stock valued at $2,709,000 after acquiring an additional 174,325 shares during the last quarter. 87.43% of the stock is currently owned by institutional investors.

FTAI Infrastructure Stock Performance

Shares of FTAI Infrastructure stock opened at $8.51 on Thursday. The firm has a fifty day moving average of $9.01 and a two-hundred day moving average of $8.89. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 6.07. FTAI Infrastructure Inc. has a 52 week low of $3.42 and a 52 week high of $10.45.

FTAI Infrastructure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend was Tuesday, November 12th. FTAI Infrastructure’s payout ratio is -6.06%.

Analyst Upgrades and Downgrades

Separately, JMP Securities reissued a “market outperform” rating and set a $12.00 price objective on shares of FTAI Infrastructure in a report on Monday, August 5th.

FTAI Infrastructure 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.