FTAI Infrastructure (NASDAQ:FIP) Stock Price Down 5.6% – What’s Next?

FTAI Infrastructure Inc. (NASDAQ:FIP)’s share price was down 5.6% during trading on Tuesday . The company traded as low as $7.50 and last traded at $7.55. Approximately 185,989 shares traded hands during trading, a decline of 84% from the average daily volume of 1,184,369 shares. The stock had previously closed at $8.00.

FTAI Infrastructure Stock Down 1.1 %

The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.42 and a current ratio of 1.42. The stock’s fifty day simple moving average is $8.76 and its 200-day simple moving average is $8.93. The stock has a market cap of $899.72 million, a P/E ratio of -4.04 and a beta of 1.34.

FTAI Infrastructure Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend was Tuesday, November 12th. FTAI Infrastructure’s dividend payout ratio is presently -6.06%.

Institutional Trading of FTAI Infrastructure

Several large investors have recently made changes to their positions in FIP. Wilmington Savings Fund Society FSB purchased a new position in FTAI Infrastructure during the 3rd quarter valued at about $34,000. Barclays PLC increased its stake in shares of FTAI Infrastructure by 283.8% during the third quarter. Barclays PLC now owns 159,387 shares of the company’s stock valued at $1,492,000 after purchasing an additional 117,863 shares in the last quarter. Geode Capital Management LLC boosted its stake in FTAI Infrastructure by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 2,427,301 shares of the company’s stock valued at $22,724,000 after purchasing an additional 53,340 shares during the last quarter. Luxor Capital Group LP raised its position in FTAI Infrastructure by 4.6% in the 3rd quarter. Luxor Capital Group LP now owns 5,940,484 shares of the company’s stock worth $55,603,000 after buying an additional 258,591 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in FTAI Infrastructure in the third quarter worth approximately $567,000. 87.43% of the stock is currently owned by institutional investors and hedge funds.

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.