SG Americas Securities LLC Raises Holdings in FTAI Infrastructure Inc. (NASDAQ:FIP)

SG Americas Securities LLC lifted its holdings in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) by 25.6% in the fourth quarter, HoldingsChannel reports. The firm owned 54,262 shares of the company’s stock after acquiring an additional 11,051 shares during the period. SG Americas Securities LLC’s holdings in FTAI Infrastructure were worth $211,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. grew its stake in FTAI Infrastructure by 39.5% in the 3rd quarter. Principal Financial Group Inc. now owns 14,653 shares of the company’s stock worth $47,000 after acquiring an additional 4,146 shares during the period. Bank of New York Mellon Corp grew its stake in FTAI Infrastructure by 1.7% in 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 during the period. Rhumbline Advisers grew its stake in FTAI Infrastructure by 4.3% in the 3rd quarter. Rhumbline Advisers now owns 123,498 shares of the company’s stock worth $398,000 after acquiring an additional 5,068 shares during the period. Charles Schwab Investment Management Inc. grew its stake in FTAI Infrastructure by 2.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 277,051 shares of the company’s stock worth $892,000 after acquiring an additional 7,705 shares during the period. Finally, Ameritas Investment Partners Inc. purchased a new stake in FTAI Infrastructure in the 2nd quarter worth approximately $30,000. Institutional investors and hedge funds own 87.43% of the company’s stock.

FTAI Infrastructure Stock Up 8.1 %

Shares of NASDAQ FIP opened at $6.95 on Friday. FTAI Infrastructure Inc. has a 52-week low of $2.64 and a 52-week high of $6.97. The firm has a fifty day moving average of $5.36 and a 200-day moving average of $4.22. The stock has a market capitalization of $706.75 million, a PE ratio of -3.86 and a beta of 1.51. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 3.25.

FTAI Infrastructure (NASDAQ:FIP) last announced its quarterly earnings data on Thursday, February 29th. The company reported ($0.47) earnings per share (EPS) for the quarter. FTAI Infrastructure had a negative net margin of 48.71% and a negative return on equity of 32.27%. The company had revenue of $81.44 million for the quarter.

FTAI Infrastructure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Wednesday, March 27th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, March 26th. This represents a $0.12 annualized dividend and a dividend yield of 1.73%. FTAI Infrastructure’s dividend payout ratio is presently -6.67%.

FTAI Infrastructure Company Profile

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.