FTAI Infrastructure (NASDAQ:FIP) Reaches New 1-Year High at $9.27

FTAI Infrastructure Inc. (NASDAQ:FIP)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $9.27 and last traded at $9.21, with a volume of 91876 shares traded. The stock had previously closed at $9.14.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. BTIG Research boosted their target price on FTAI Infrastructure from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. JMP Securities initiated coverage on shares of FTAI Infrastructure in a research report on Wednesday, June 26th. They issued a “market outperform” rating and a $11.00 price objective on the stock.

FTAI Infrastructure Stock Performance

The stock has a market capitalization of $976.22 million, a P/E ratio of -4.95 and a beta of 1.32. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 3.95. The stock has a 50 day simple moving average of $8.05 and a two-hundred day simple moving average of $6.05.

FTAI Infrastructure (NASDAQ:FIP) last issued its earnings results on Tuesday, May 7th. The company reported ($0.54) earnings per share for the quarter. FTAI Infrastructure had a negative return on equity of 37.21% and a negative net margin of 49.44%. The firm had revenue of $82.54 million for the quarter.

FTAI Infrastructure Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 29th. Stockholders of record on Friday, May 17th were issued a $0.03 dividend. The ex-dividend date was Thursday, May 16th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.25%. FTAI Infrastructure’s payout ratio is -6.19%.

Institutional Trading of FTAI Infrastructure

A number of hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC bought a new position in FTAI Infrastructure during the fourth quarter worth $25,000. Quadrature Capital Ltd bought a new stake in shares of FTAI Infrastructure during the 4th quarter worth about $39,000. Cantor Fitzgerald Investment Advisors L.P. bought a new stake in shares of FTAI Infrastructure during the 4th quarter worth about $41,000. Merit Financial Group LLC acquired a new position in FTAI Infrastructure in the 4th quarter valued at about $48,000. Finally, Victory Capital Management Inc. raised its holdings in FTAI Infrastructure by 23.2% in the 4th quarter. Victory Capital Management Inc. now owns 13,200 shares of the company’s stock valued at $51,000 after acquiring an additional 2,490 shares during the period. 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.