JPMorgan Chase & Co. Buys 34,165 Shares of FTAI Infrastructure Inc. (NASDAQ:FIP)

JPMorgan Chase & Co. increased its stake in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 552,459 shares of the company’s stock after buying an additional 34,165 shares during the quarter. JPMorgan Chase & Co. owned 0.49% of FTAI Infrastructure worth $4,011,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of FIP. Rhumbline Advisers grew its stake in FTAI Infrastructure by 1.4% in the 4th quarter. Rhumbline Advisers now owns 158,513 shares of the company’s stock valued at $1,151,000 after purchasing an additional 2,141 shares during the period. Arizona State Retirement System grew its position in FTAI Infrastructure by 10.1% during the fourth quarter. Arizona State Retirement System now owns 32,231 shares of the company’s stock valued at $234,000 after buying an additional 2,948 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in FTAI Infrastructure during the third quarter worth about $34,000. Aigen Investment Management LP raised its position in FTAI Infrastructure by 29.2% in the fourth quarter. Aigen Investment Management LP now owns 21,079 shares of the company’s stock worth $153,000 after acquiring an additional 4,760 shares during the period. Finally, Quantbot Technologies LP raised its position in FTAI Infrastructure by 7.7% in the fourth quarter. Quantbot Technologies LP now owns 112,344 shares of the company’s stock worth $816,000 after acquiring an additional 8,019 shares during the period. Institutional investors own 87.43% of the company’s stock.

FTAI Infrastructure Trading Up 2.4 %

NASDAQ:FIP opened at $3.58 on Monday. FTAI Infrastructure Inc. has a 12 month low of $3.10 and a 12 month high of $10.46. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 6.07. The firm’s 50 day moving average is $4.89 and its 200 day moving average is $7.00. The stock has a market capitalization of $407.34 million, a PE ratio of -1.81 and a beta of 1.69.

FTAI Infrastructure Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 3.36%. FTAI Infrastructure’s dividend payout ratio is presently -4.36%.

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.