FTAI Infrastructure Inc. (NASDAQ:FIP) Shares Purchased by Biltmore Family Office LLC

Biltmore Family Office LLC lifted its position in FTAI Infrastructure Inc. (NASDAQ:FIP) by 0.8% during the third quarter, Holdings Channel reports. The institutional investor owned 230,031 shares of the company’s stock after buying an additional 1,826 shares during the quarter. Biltmore Family Office LLC’s holdings in FTAI Infrastructure were worth $2,153,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of FIP. Luxor Capital Group LP raised its position in FTAI Infrastructure by 8.0% in 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 in the last quarter. Hood River Capital Management LLC raised its holdings in shares of FTAI Infrastructure by 26.5% in the 2nd quarter. Hood River Capital Management LLC now owns 2,957,163 shares of the company’s stock worth $25,520,000 after purchasing an additional 618,625 shares in the last quarter. Highland Peak Capital LLC lifted its stake in FTAI Infrastructure by 194.3% during the third quarter. Highland Peak Capital LLC now owns 1,755,349 shares of the company’s stock valued at $16,430,000 after purchasing an additional 1,158,816 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in FTAI Infrastructure by 44.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,470,225 shares of the company’s stock worth $12,688,000 after buying an additional 449,481 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in FTAI Infrastructure by 198.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 848,363 shares of the company’s stock worth $7,941,000 after buying an additional 564,566 shares during the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.

FTAI Infrastructure Price Performance

NASDAQ FIP opened at $8.46 on Friday. 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 1 year low of $3.42 and a 1 year high of $10.45. The company has a market cap of $962.33 million, a PE ratio of -4.27 and a beta of 1.36. The stock’s 50-day moving average price is $9.00 and its two-hundred day moving average price is $8.89.

FTAI Infrastructure Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.42%. FTAI Infrastructure’s dividend payout ratio is currently -6.06%.

Analysts Set New Price Targets

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

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.