FTAI Infrastructure Inc. (NASDAQ:FIP) Short Interest Update

FTAI Infrastructure Inc. (NASDAQ:FIP) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totalling 6,860,000 shares, an increase of 24.7% from the August 31st total of 5,500,000 shares. Based on an average trading volume of 1,550,000 shares, the days-to-cover ratio is currently 4.4 days. Approximately 6.7% of the company’s stock are short sold.

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, major shareholder Fig Buyer Gp, Llc sold 3,399,501 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $9.04, for a total transaction of $30,731,489.04. Following the transaction, the insider now directly owns 8,418,561 shares of the company’s stock, valued at $76,103,791.44. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.17% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On FTAI Infrastructure

Several institutional investors and hedge funds have recently modified their holdings of FIP. Quadrature Capital Ltd acquired a new position in FTAI Infrastructure during the fourth quarter worth $39,000. Algert Global LLC acquired a new position in shares of FTAI Infrastructure during the 2nd quarter worth about $88,000. Choreo LLC purchased a new position in FTAI Infrastructure in the 2nd quarter valued at about $100,000. ProShare Advisors LLC boosted its holdings in FTAI Infrastructure by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 17,783 shares of the company’s stock worth $112,000 after buying an additional 1,400 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in FTAI Infrastructure during the 2nd quarter worth approximately $134,000. Hedge funds and other institutional investors own 87.43% of the company’s stock.

FTAI Infrastructure Stock Up 0.2 %

Shares of FIP stock opened at $9.13 on Monday. FTAI Infrastructure has a twelve month low of $2.84 and a twelve month high of $10.45. The stock has a market cap of $928.47 million, a P/E ratio of -4.71 and a beta of 1.29. The stock has a 50 day moving average of $9.28 and a 200 day moving average of $8.27. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 5.42.

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

FTAI Infrastructure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders 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 dividend yield of 1.31%. The ex-dividend date was Monday, August 12th. FTAI Infrastructure’s dividend payout ratio (DPR) is presently -6.19%.

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.