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

FTAI Infrastructure Inc. (NASDAQ:FIP)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $6.29 and last traded at $6.28, with a volume of 546881 shares trading hands. The stock had previously closed at $6.20.

FTAI Infrastructure Stock Performance

The company’s 50 day moving average price is $4.82 and its 200-day moving average price is $3.97. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market cap of $624.80 million, a PE ratio of -3.49 and a beta of 1.41.

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

FTAI Infrastructure Dividend Announcement

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

Institutional Investors Weigh In On FTAI Infrastructure

Several institutional investors and hedge funds have recently added to or reduced their stakes in FIP. Barclays PLC raised its position in shares of FTAI Infrastructure by 53.2% during the 3rd quarter. Barclays PLC now owns 47,720 shares of the company’s stock valued at $153,000 after purchasing an additional 16,564 shares during the period. Jump Financial LLC bought a new stake in FTAI Infrastructure during the 3rd quarter valued at about $46,000. Pathstone Family Office LLC bought a new stake in shares of FTAI Infrastructure in the 3rd quarter valued at about $173,000. Bank of New York Mellon Corp raised its stake in shares of FTAI Infrastructure by 1.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 294,067 shares of the company’s stock worth $947,000 after acquiring an additional 4,939 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in FTAI Infrastructure during the 3rd quarter worth approximately $28,000. Hedge funds and other institutional investors 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.