Cerity Partners LLC Acquires Shares of 112,955 FTAI Infrastructure Inc. (NASDAQ:FIP)

Cerity Partners LLC bought a new position in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 112,955 shares of the company’s stock, valued at approximately $439,000.

Other large investors have also made changes to their positions in the company. International Assets Investment Management LLC acquired a new position in FTAI Infrastructure during the 4th quarter valued at about $25,000. SG Americas Securities LLC increased its holdings in FTAI Infrastructure by 25.6% in the fourth quarter. SG Americas Securities LLC now owns 54,262 shares of the company’s stock valued at $211,000 after purchasing an additional 11,051 shares during the last quarter. Vanguard Group Inc. increased its holdings in FTAI Infrastructure by 1.1% in the third quarter. Vanguard Group Inc. now owns 5,299,036 shares of the company’s stock valued at $17,063,000 after purchasing an additional 57,133 shares during the last quarter. Pathstone Family Office LLC bought a new stake in FTAI Infrastructure in the third quarter valued at about $173,000. Finally, American Assets Capital Advisers LLC increased its holdings in FTAI Infrastructure by 25.9% in the third quarter. American Assets Capital Advisers LLC now owns 4,484,005 shares of the company’s stock valued at $14,438,000 after purchasing an additional 923,835 shares during the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.

FTAI Infrastructure Stock Down 0.4 %

FIP stock opened at $7.41 on Friday. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.23 and a quick ratio of 1.23. The stock has a market capitalization of $753.52 million, a P/E ratio of -4.12 and a beta of 1.51. The business has a 50-day moving average of $5.84 and a 200-day moving average of $4.47. FTAI Infrastructure Inc. has a fifty-two week low of $2.66 and a fifty-two week high of $7.80.

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

FTAI Infrastructure Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors 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 yield of 1.62%. FTAI Infrastructure’s dividend payout ratio (DPR) is presently -6.67%.

Wall Street Analyst Weigh In

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

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.