Deutsche Bank AG Raises Stock Position in FTAI Infrastructure Inc. (NASDAQ:FIP)

Deutsche Bank AG increased its stake in FTAI Infrastructure Inc. (NASDAQ:FIP) by 52.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 92,265 shares of the company’s stock after purchasing an additional 31,841 shares during the quarter. Deutsche Bank AG owned 0.08% of FTAI Infrastructure worth $670,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. SG Americas Securities LLC raised its position in FTAI Infrastructure by 80.1% in the fourth quarter. SG Americas Securities LLC now owns 53,420 shares of the company’s stock worth $388,000 after acquiring an additional 23,766 shares during the period. Castellan Group bought a new position in FTAI Infrastructure in the fourth quarter worth approximately $96,000. Rhumbline Advisers raised its position in FTAI Infrastructure by 1.4% in the fourth quarter. Rhumbline Advisers now owns 158,513 shares of the company’s stock worth $1,151,000 after acquiring an additional 2,141 shares during the period. Proficio Capital Partners LLC bought a new position in FTAI Infrastructure in the fourth quarter worth approximately $97,000. Finally, Versor Investments LP bought a new position in FTAI Infrastructure in the fourth quarter worth approximately $115,000. Hedge funds and other institutional investors own 87.43% of the company’s stock.

FTAI Infrastructure Stock Up 1.0%

Shares of FIP stock opened at $6.27 on Thursday. The company has a market capitalization of $719.55 million, a price-to-earnings ratio of -3.17 and a beta of 1.70. FTAI Infrastructure Inc. has a one year low of $3.10 and a one year high of $10.46. The company’s fifty day moving average price is $4.43 and its 200-day moving average price is $6.20. 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 (NASDAQ:FIP) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.89 EPS for the quarter, beating the consensus estimate of ($0.34) by $1.23. The firm had revenue of $96.16 million for the quarter, compared to the consensus estimate of $107.84 million. FTAI Infrastructure had a negative net margin of 44.32% and a negative return on equity of 46.25%.

FTAI Infrastructure Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th were issued a $0.03 dividend. The ex-dividend date was Monday, May 19th. This represents a $0.12 dividend on an annualized basis and a yield of 1.91%. FTAI Infrastructure’s dividend payout ratio is currently -9.09%.

Analyst Ratings Changes

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

FTAI Infrastructure 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.