FTAI Infrastructure (NASDAQ:FIP) Hits New 12-Month Low – What’s Next?

FTAI Infrastructure Inc. (NASDAQ:FIP)’s share price reached a new 52-week low during trading on Friday . The stock traded as low as $4.86 and last traded at $4.91, with a volume of 415641 shares. The stock had previously closed at $5.07.

FTAI Infrastructure Trading Down 1.1 %

The company has a fifty day moving average of $6.81 and a two-hundred day moving average of $8.09. 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 stock has a market capitalization of $570.43 million, a price-to-earnings ratio of -2.53 and a beta of 1.52.

FTAI Infrastructure Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be given a dividend of $0.03 per share. The ex-dividend date is Friday, March 14th. This represents a $0.12 dividend on an annualized basis and a yield of 2.39%. FTAI Infrastructure’s payout ratio is currently -4.36%.

Institutional Trading of FTAI Infrastructure

Several hedge funds and other institutional investors have recently made changes to their positions in FIP. Wilmington Savings Fund Society FSB purchased a new position in FTAI Infrastructure during the third quarter worth about $34,000. US Bancorp DE purchased a new position in shares of FTAI Infrastructure during the 3rd quarter worth approximately $52,000. Morey & Quinn Wealth Partners LLC purchased a new position in shares of FTAI Infrastructure during the 4th quarter worth approximately $84,000. Cladis Investment Advisory LLC acquired a new stake in shares of FTAI Infrastructure in the 3rd quarter valued at approximately $94,000. Finally, Castellan Group purchased a new stake in shares of FTAI Infrastructure in the fourth quarter valued at approximately $96,000. Hedge funds and other institutional investors own 87.43% of the company’s stock.

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.