FTAI Infrastructure (NASDAQ:FIP) Shares Down 6.4% – What’s Next?

FTAI Infrastructure Inc. (NASDAQ:FIP)’s share price dropped 6.4% during mid-day trading on Tuesday . The stock traded as low as $7.01 and last traded at $6.97. Approximately 333,575 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 938,557 shares. The stock had previously closed at $7.44.

FTAI Infrastructure Trading Up 5.3 %

The business’s 50 day moving average price is $7.93 and its 200-day moving average price is $8.77. The company has a market cap of $840.61 million, a price-to-earnings ratio of -3.73 and a beta of 1.45. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.42 and a current ratio of 1.42.

FTAI Infrastructure (NASDAQ:FIP) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($0.45) earnings per share (EPS) for the quarter. FTAI Infrastructure had a negative return on equity of 46.25% and a negative net margin of 44.32%. The business had revenue of $83.31 million during the quarter.

FTAI Infrastructure Announces Dividend

The company also recently disclosed 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. This represents a $0.12 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend was Tuesday, November 12th. FTAI Infrastructure’s payout ratio is -6.06%.

Institutional Investors Weigh In On FTAI Infrastructure

Hedge funds and other institutional investors have recently bought and sold shares of the business. Highland Peak Capital LLC grew its holdings in shares of FTAI Infrastructure by 194.3% during the third quarter. Highland Peak Capital LLC now owns 1,755,349 shares of the company’s stock worth $16,430,000 after purchasing an additional 1,158,816 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in FTAI Infrastructure by 198.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 848,363 shares of the company’s stock valued at $7,941,000 after acquiring an additional 564,566 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of FTAI Infrastructure by 44.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,470,225 shares of the company’s stock worth $12,688,000 after acquiring an additional 449,481 shares during the last quarter. Luxor Capital Group LP lifted its position in shares of FTAI Infrastructure by 8.0% during the second quarter. Luxor Capital Group LP now owns 5,681,893 shares of the company’s stock worth $49,035,000 after purchasing an additional 420,019 shares in the last quarter. Finally, FMR LLC grew its stake in shares of FTAI Infrastructure by 5,651.2% during the third quarter. FMR LLC now owns 348,349 shares of the company’s stock valued at $3,261,000 after purchasing an additional 342,292 shares during the last quarter. 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.