FTAI Infrastructure (NASDAQ:FIP) Sets New 1-Year High at $6.29

Shares of FTAI Infrastructure Inc. (NASDAQ:FIP) hit a new 52-week high on Thursday . The company traded as high as $6.29 and last traded at $6.28, with a volume of 546881 shares. The stock had previously closed at $6.20.

FTAI Infrastructure Price Performance

The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.80. The stock has a market cap of $624.80 million, a price-to-earnings ratio of -3.49 and a beta of 1.41. The stock has a fifty day moving average of $4.82 and a two-hundred day moving average of $3.97.

FTAI Infrastructure (NASDAQ:FIP) last posted its earnings results on Thursday, February 29th. The company reported ($0.47) earnings per share for the quarter. The firm had revenue of $81.44 million during the quarter. FTAI Infrastructure had a negative net margin of 48.71% and a negative return on equity of 30.77%.

FTAI Infrastructure Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Wednesday, March 27th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Tuesday, March 26th. FTAI Infrastructure’s payout ratio is currently -6.67%.

Institutional Trading of FTAI Infrastructure

A number of large investors have recently made changes to their positions in FIP. Barclays PLC lifted its position in FTAI Infrastructure by 53.2% during the third quarter. Barclays PLC now owns 47,720 shares of the company’s stock worth $153,000 after buying an additional 16,564 shares during the period. Jump Financial LLC purchased a new position in FTAI Infrastructure during the third quarter worth about $46,000. Pathstone Family Office LLC purchased a new position in FTAI Infrastructure during the third quarter worth about $173,000. Bank of New York Mellon Corp lifted its position in FTAI Infrastructure by 1.7% during the third quarter. Bank of New York Mellon Corp now owns 294,067 shares of the company’s stock worth $947,000 after buying an additional 4,939 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new position in FTAI Infrastructure during the third quarter worth about $28,000. Institutional investors and hedge funds own 87.43% of the company’s stock.

FTAI Infrastructure Company Profile

FTAI Infrastructure Inc focuses on acquiring, developing, and operating assets and businesses that represent infrastructure for customers in the transportation and energy industries in North America. The company operates through five segments: Railroad, Jefferson Terminal, Repauno, Power and Gas, and Sustainability and Energy Transition.