Raymond James & Associates Has $294,000 Holdings in FTAI Infrastructure Inc. (NASDAQ:FIP)

Raymond James & Associates lessened its stake in FTAI Infrastructure Inc. (NASDAQ:FIP) by 18.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 75,642 shares of the company’s stock after selling 17,589 shares during the quarter. Raymond James & Associates’ holdings in FTAI Infrastructure were worth $294,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC acquired a new stake in FTAI Infrastructure during the 3rd quarter worth $28,000. Jump Financial LLC bought a new stake in shares of FTAI Infrastructure in the third quarter worth about $46,000. Principal Financial Group Inc. raised its position in shares of FTAI Infrastructure by 39.5% during the third quarter. Principal Financial Group Inc. now owns 14,653 shares of the company’s stock worth $47,000 after purchasing an additional 4,146 shares during the period. Brown Advisory Inc. bought a new position in shares of FTAI Infrastructure during the 3rd quarter valued at about $68,000. Finally, SG Americas Securities LLC acquired a new position in shares of FTAI Infrastructure in the 3rd quarter valued at approximately $139,000. Institutional investors and hedge funds own 87.43% of the company’s stock.

FTAI Infrastructure Trading Up 1.5 %

Shares of NASDAQ:FIP opened at $7.42 on Tuesday. The firm has a market cap of $754.54 million, a price-to-earnings ratio of -4.12 and a beta of 1.50. FTAI Infrastructure Inc. has a 12 month low of $2.77 and a 12 month high of $7.80. The company’s fifty day simple moving average is $5.96 and its 200 day simple moving average is $4.55. 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 issued its quarterly earnings results on Thursday, February 29th. The company reported ($0.47) EPS for the quarter. The firm had revenue of $81.44 million during 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 company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Wednesday, March 27th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend was Tuesday, March 26th. FTAI Infrastructure’s dividend payout ratio (DPR) is currently -6.67%.

Analyst Ratings Changes

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

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.