FTAI Infrastructure (NASDAQ:FIP) Stock Price Down 4% – Should You Sell?

FTAI Infrastructure Inc. (NASDAQ:FIP) was down 4% on Friday . The stock traded as low as $4.84 and last traded at $4.8750. Approximately 338,478 shares changed hands during trading, a decline of 57% from the average daily volume of 780,895 shares. The stock had previously closed at $5.08.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of FTAI Infrastructure in a research report on Wednesday, October 8th. BTIG Research lifted their price target on shares of FTAI Infrastructure from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $11.00.

FTAI Infrastructure Price Performance

The firm has a fifty day moving average price of $4.72 and a two-hundred day moving average price of $5.19. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 110.28. The stock has a market capitalization of $573.33 million, a P/E ratio of -2.00 and a beta of 1.86.

FTAI Infrastructure (NASDAQ:FIP) last announced its quarterly earnings data on Thursday, October 30th. The company reported ($1.38) EPS for the quarter, missing the consensus estimate of ($0.59) by ($0.79). The firm had revenue of $140.56 million for the quarter, compared to analysts’ expectations of $146.37 million. FTAI Infrastructure had a negative net margin of 41.09% and a negative return on equity of 75.13%.

FTAI Infrastructure Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Friday, November 14th. FTAI Infrastructure’s payout ratio is presently -4.88%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Wellington Management Group LLP purchased a new stake in shares of FTAI Infrastructure during the third quarter valued at $28,939,000. Vanguard Group Inc. lifted its stake in FTAI Infrastructure by 4.9% during the 3rd quarter. Vanguard Group Inc. now owns 6,281,484 shares of the company’s stock valued at $27,387,000 after acquiring an additional 294,002 shares during the period. Hood River Capital Management LLC boosted its holdings in shares of FTAI Infrastructure by 1.3% during the 2nd quarter. Hood River Capital Management LLC now owns 5,987,061 shares of the company’s stock valued at $36,940,000 after acquiring an additional 75,784 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of FTAI Infrastructure by 3,990.2% in the third quarter. Alliancebernstein L.P. now owns 4,009,630 shares of the company’s stock worth $17,482,000 after acquiring an additional 3,911,600 shares during the period. Finally, Frontier Capital Management Co. LLC raised its holdings in shares of FTAI Infrastructure by 425.7% during the second quarter. Frontier Capital Management Co. LLC now owns 3,639,934 shares of the company’s stock valued at $22,458,000 after purchasing an additional 2,947,567 shares during the last quarter. Hedge funds and other institutional investors own 87.43% of the company’s stock.

FTAI Infrastructure Company Profile

FTAI Infrastructure Ltd (NASDAQ: FIP) is a closed-end investment company that acquires and manages infrastructure assets offering stable, long-term cash flows. The company targets core and core-plus infrastructure sectors with contracted or regulated revenue streams, aiming to deliver attractive risk-adjusted returns for its shareholders. FTAI Infrastructure’s portfolio is diversified across multiple sub-sectors, geographies and counterparties to manage risk and capture growth opportunities in global infrastructure markets.

The company focuses on three primary investment categories: communications infrastructure, transport and logistics infrastructure, and utility infrastructure.