Cladis Investment Advisory LLC Invests $94,000 in FTAI Infrastructure Inc. (NASDAQ:FIP)

Cladis Investment Advisory LLC bought a new stake in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,000 shares of the company’s stock, valued at approximately $94,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. US Bancorp DE bought a new position in shares of FTAI Infrastructure during the 3rd quarter valued at approximately $52,000. Algert Global LLC bought a new position in FTAI Infrastructure during the second quarter valued at $88,000. Choreo LLC purchased a new position in shares of FTAI Infrastructure in the 2nd quarter worth $100,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of FTAI Infrastructure in the 2nd quarter worth about $134,000. Finally, International Assets Investment Management LLC raised its position in shares of FTAI Infrastructure by 836.0% during the 3rd quarter. International Assets Investment Management LLC now owns 15,182 shares of the company’s stock valued at $142,000 after buying an additional 13,560 shares in the last quarter. 87.43% of the stock is currently owned by institutional investors.

FTAI Infrastructure Trading Up 1.9 %

FIP stock opened at $8.65 on Monday. FTAI Infrastructure Inc. has a twelve month low of $3.42 and a twelve month high of $10.45. The stock has a market capitalization of $983.94 million, a price-to-earnings ratio of -4.37 and a beta of 1.36. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 6.07. The firm’s fifty day simple moving average is $8.93 and its two-hundred day simple moving average is $8.94.

FTAI Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend was Tuesday, November 12th. FTAI Infrastructure’s payout ratio is currently -6.06%.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reissued a “market outperform” rating and set a $12.00 price objective on shares of FTAI Infrastructure in a research note on Monday, August 5th.

FTAI Infrastructure Company 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.