Vanguard Group Inc. Increases Stock Position in FTAI Infrastructure Inc. (NASDAQ:FIP)

Vanguard Group Inc. boosted its stake in FTAI Infrastructure Inc. (NASDAQ:FIP) by 1.1% during the 3rd quarter, Holdings Channel reports. The firm owned 5,299,036 shares of the company’s stock after buying an additional 57,133 shares during the quarter. Vanguard Group Inc. owned approximately 0.05% of FTAI Infrastructure worth $17,063,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of FIP. BlackRock Inc. lifted its stake in FTAI Infrastructure by 472.9% in the 2nd quarter. BlackRock Inc. now owns 8,246,861 shares of the company’s stock worth $30,431,000 after purchasing an additional 6,807,302 shares in the last quarter. Morgan Stanley purchased a new stake in FTAI Infrastructure in the 4th quarter worth $12,688,000. State Street Corp lifted its stake in FTAI Infrastructure by 342.3% in the 2nd quarter. State Street Corp now owns 1,799,541 shares of the company’s stock worth $6,640,000 after purchasing an additional 1,392,641 shares in the last quarter. Geode Capital Management LLC lifted its stake in FTAI Infrastructure by 123.1% in the 2nd quarter. Geode Capital Management LLC now owns 2,037,927 shares of the company’s stock worth $7,520,000 after purchasing an additional 1,124,304 shares in the last quarter. Finally, Bank of America Corp DE purchased a new stake in FTAI Infrastructure in the 4th quarter worth $2,790,000. Hedge funds and other institutional investors own 87.43% of the company’s stock.

FTAI Infrastructure Stock Performance

FTAI Infrastructure stock opened at $6.95 on Monday. The company’s 50-day moving average price is $5.36 and its 200-day moving average price is $4.23. FTAI Infrastructure Inc. has a twelve month low of $2.64 and a twelve month high of $6.97. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 3.25. The company has a market cap of $706.77 million, a PE ratio of -3.86 and a beta of 1.51.

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

FTAI Infrastructure Dividend Announcement

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

FTAI Infrastructure 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.