FTAI Infrastructure (NASDAQ:FIP) Trading Down 3.8% – Here’s What Happened

FTAI Infrastructure Inc. (NASDAQ:FIP) shares fell 3.8% on Wednesday . The stock traded as low as $5.16 and last traded at $5.21. 761,605 shares were traded during trading, a decline of 31% from the average session volume of 1,111,429 shares. The stock had previously closed at $5.41.

FTAI Infrastructure Trading Down 0.4 %

The firm has a market cap of $574.41 million, a P/E ratio of -2.55 and a beta of 1.52. The business’s 50-day moving average is $6.77 and its two-hundred day moving average is $8.06. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Friday, March 14th. FTAI Infrastructure’s dividend payout ratio is currently -4.36%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FIP. Hood River Capital Management LLC grew its position in shares of FTAI Infrastructure by 32.7% in the fourth quarter. Hood River Capital Management LLC now owns 5,891,840 shares of the company’s stock valued at $42,775,000 after purchasing an additional 1,452,567 shares during the last quarter. Highland Peak Capital LLC raised its stake in FTAI Infrastructure by 194.3% during the third quarter. Highland Peak Capital LLC now owns 1,755,349 shares of the company’s stock worth $16,430,000 after acquiring an additional 1,158,816 shares in the last quarter. Diamond Hill Capital Management Inc. bought a new position in FTAI Infrastructure in the 4th quarter valued at approximately $5,938,000. Capital International Investors lifted its stake in shares of FTAI Infrastructure by 17.0% in the 4th quarter. Capital International Investors now owns 5,345,350 shares of the company’s stock valued at $38,807,000 after acquiring an additional 778,376 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of FTAI Infrastructure by 12.6% during the fourth quarter. Vanguard Group Inc. now owns 6,537,542 shares of the company’s stock valued at $47,463,000 after purchasing an additional 730,895 shares in the last quarter. 87.43% of the stock is currently owned by institutional investors.

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.