FTAI Infrastructure (NASDAQ:FIP) Trading 6.6% Higher – What’s Next?

FTAI Infrastructure Inc. (NASDAQ:FIP) shares were up 6.6% on Friday . The company traded as high as $5.53 and last traded at $5.6910. Approximately 47,187 shares changed hands during trading, a decline of 95% from the average daily volume of 1,010,246 shares. The stock had previously closed at $5.34.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on FIP shares. Wall Street Zen cut shares of FTAI Infrastructure from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. BTIG Research reiterated a “buy” rating and set a $10.00 price target on shares of FTAI Infrastructure in a research report on Friday, February 27th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of FTAI Infrastructure in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, FTAI Infrastructure has an average rating of “Hold” and an average price target of $11.00.

FTAI Infrastructure Stock Up 4.7%

The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 110.28. The stock has a market cap of $660.51 million, a price-to-earnings ratio of -2.43 and a beta of 1.90. The business’s fifty day moving average is $5.56 and its two-hundred day moving average is $5.22.

FTAI Infrastructure (NASDAQ:FIP) last announced its quarterly earnings data on Thursday, February 26th. The company reported ($1.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.65). The business had revenue of $143.52 million during the quarter, compared to analyst estimates of $169.16 million. FTAI Infrastructure had a negative net margin of 31.93% and a negative return on equity of 147.01%.

FTAI Infrastructure Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Friday, March 13th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Friday, March 13th. FTAI Infrastructure’s payout ratio is presently -5.22%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP grew its stake in FTAI Infrastructure by 73.5% during the 4th quarter. Wellington Management Group LLP now owns 11,513,151 shares of the company’s stock worth $53,076,000 after purchasing an additional 4,875,802 shares in the last quarter. Vanguard Group Inc. grew its holdings in FTAI Infrastructure by 4.9% during the 3rd quarter. Vanguard Group Inc. now owns 6,281,484 shares of the company’s stock worth $27,387,000 after acquiring an additional 294,002 shares in the last quarter. Alliancebernstein L.P. grew its holdings in FTAI Infrastructure by 3,990.2% during the 3rd 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 in the last quarter. Geode Capital Management LLC grew its holdings in FTAI Infrastructure by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 2,686,678 shares of the company’s stock worth $12,387,000 after acquiring an additional 18,421 shares in the last quarter. Finally, Royce & Associates LP grew its holdings in FTAI Infrastructure by 24.4% during the 4th quarter. Royce & Associates LP now owns 2,682,778 shares of the company’s stock worth $12,368,000 after acquiring an additional 527,000 shares in the last quarter. 87.43% of the stock is owned by institutional investors and hedge funds.

About FTAI Infrastructure

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.