Dimensional Fund Advisors LP Raises Stake in FTAI Infrastructure Inc. (NASDAQ:FIP)

Dimensional Fund Advisors LP raised its stake in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) by 9.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,982,315 shares of the company’s stock after buying an additional 176,767 shares during the quarter. Dimensional Fund Advisors LP owned about 1.74% of FTAI Infrastructure worth $14,390,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of FIP. Diamond Hill Capital Management Inc. purchased a new position in FTAI Infrastructure during the fourth quarter valued at approximately $5,938,000. Capital International Investors grew its position in shares of FTAI Infrastructure by 17.0% during the 4th quarter. Capital International Investors now owns 5,345,350 shares of the company’s stock valued at $38,807,000 after purchasing an additional 778,376 shares in the last quarter. Vanguard Group Inc. grew its position in shares of FTAI Infrastructure by 12.6% during the 4th quarter. Vanguard Group Inc. now owns 6,537,542 shares of the company’s stock valued at $47,463,000 after purchasing an additional 730,895 shares in the last quarter. First Eagle Investment Management LLC increased its holdings in shares of FTAI Infrastructure by 91.1% in the fourth quarter. First Eagle Investment Management LLC now owns 1,056,241 shares of the company’s stock worth $7,668,000 after purchasing an additional 503,500 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of FTAI Infrastructure by 113.8% in the third quarter. JPMorgan Chase & Co. now owns 518,294 shares of the company’s stock worth $4,851,000 after buying an additional 275,903 shares in the last quarter. 87.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, JMP Securities restated a “market outperform” rating and set a $12.00 target price on shares of FTAI Infrastructure in a research report on Tuesday, April 22nd.

FTAI Infrastructure Trading Up 2.4 %

Shares of FTAI Infrastructure stock opened at $4.66 on Friday. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.42 and a quick ratio of 1.42. FTAI Infrastructure Inc. has a 1 year low of $3.10 and a 1 year high of $10.46. The firm has a market cap of $534.79 million, a PE ratio of -2.35 and a beta of 1.70. The company has a 50 day simple moving average of $4.39 and a two-hundred day simple moving average of $6.54.

FTAI Infrastructure (NASDAQ:FIP) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.89 earnings per share (EPS) for the quarter. FTAI Infrastructure had a negative net margin of 44.32% and a negative return on equity of 46.25%.

FTAI Infrastructure Announces Dividend

The company also recently disclosed 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 was Friday, March 14th. This represents a $0.12 annualized dividend and a dividend yield of 2.58%. FTAI Infrastructure’s dividend payout ratio (DPR) 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.