FTAI Infrastructure (NASDAQ:FIP) Reaches New 12-Month High at $6.78

Shares of FTAI Infrastructure Inc. (NASDAQ:FIP) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $6.78 and last traded at $6.77, with a volume of 420029 shares changing hands. The stock had previously closed at $6.43.

FTAI Infrastructure Stock Performance

The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 3.25. The firm has a market capitalization of $706.75 million, a price-to-earnings ratio of -3.86 and a beta of 1.51. The company has a 50-day moving average of $5.36 and a 200-day moving average of $4.23.

FTAI Infrastructure (NASDAQ:FIP) last posted its quarterly earnings results 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 firm had revenue of $81.44 million for the quarter.

FTAI Infrastructure Dividend Announcement

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

Institutional Investors Weigh In On FTAI Infrastructure

Several large investors have recently added to or reduced their stakes in FIP. Inscription Capital LLC acquired a new position in shares of FTAI Infrastructure during the first quarter valued at $1,103,000. Quadrature Capital Ltd acquired a new position in shares of FTAI Infrastructure in the 4th quarter valued at $39,000. Vanguard Group Inc. boosted its position in shares of FTAI Infrastructure by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 5,458,522 shares of the company’s stock valued at $21,234,000 after purchasing an additional 159,486 shares during the period. Barclays PLC boosted its position in shares of FTAI Infrastructure by 194.5% in the 4th quarter. Barclays PLC now owns 140,526 shares of the company’s stock valued at $547,000 after purchasing an additional 92,806 shares during the period. Finally, Nuveen Asset Management LLC boosted its position in shares of FTAI Infrastructure by 2.1% in the 4th quarter. Nuveen Asset Management LLC now owns 319,915 shares of the company’s stock valued at $1,244,000 after purchasing an additional 6,462 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.