FTAI Infrastructure (NASDAQ:FIP) Reaches New 52-Week High at $7.17

FTAI Infrastructure Inc. (NASDAQ:FIP)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $7.17 and last traded at $7.12, with a volume of 124817 shares trading hands. The stock had previously closed at $7.09.

Wall Street Analyst Weigh In

Separately, BTIG Research initiated coverage on FTAI Infrastructure in a report on Thursday, April 18th. They set a “buy” rating and a $10.00 target price for the company.

FTAI Infrastructure Price Performance

The company has a market capitalization of $756.57 million, a P/E ratio of -4.13 and a beta of 1.51. The company has a fifty day moving average price of $5.78 and a 200 day moving average price of $4.44. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.23 and a quick ratio of 1.23.

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

FTAI Infrastructure Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Wednesday, March 27th were given 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 1.61%. FTAI Infrastructure’s dividend payout ratio is presently -6.67%.

Hedge Funds Weigh In On FTAI Infrastructure

Hedge funds and other institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC acquired a new position in shares of FTAI Infrastructure during the fourth quarter worth approximately $25,000. Allspring Global Investments Holdings LLC acquired a new stake in FTAI Infrastructure in the third quarter worth approximately $28,000. Quadrature Capital Ltd acquired a new stake in FTAI Infrastructure in the fourth quarter worth approximately $39,000. Cantor Fitzgerald Investment Advisors L.P. acquired a new stake in FTAI Infrastructure in the fourth quarter worth approximately $41,000. Finally, Merit Financial Group LLC acquired a new stake in FTAI Infrastructure in the fourth quarter worth approximately $48,000. 87.43% of the stock is currently 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.