Counterpoint Mutual Funds LLC Grows Holdings in FTAI Infrastructure Inc. (NASDAQ:FIP)

Counterpoint Mutual Funds LLC grew its stake in FTAI Infrastructure Inc. (NASDAQ:FIP) by 77.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,933 shares of the company’s stock after buying an additional 20,061 shares during the period. Counterpoint Mutual Funds LLC’s holdings in FTAI Infrastructure were worth $333,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FIP. Highland Peak Capital LLC grew its stake in FTAI Infrastructure by 194.3% in the 3rd quarter. Highland Peak Capital LLC now owns 1,755,349 shares of the company’s stock worth $16,430,000 after buying an additional 1,158,816 shares in the last quarter. Diamond Hill Capital Management Inc. bought a new stake in shares of FTAI Infrastructure in the 4th quarter worth approximately $5,938,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of FTAI Infrastructure by 198.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 848,363 shares of the company’s stock worth $7,941,000 after acquiring an additional 564,566 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of FTAI Infrastructure by 91.1% in the 4th quarter. First Eagle Investment Management LLC now owns 1,056,241 shares of the company’s stock worth $7,668,000 after acquiring an additional 503,500 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of FTAI Infrastructure by 5,651.2% in the 3rd quarter. FMR LLC now owns 348,349 shares of the company’s stock worth $3,261,000 after acquiring an additional 342,292 shares during the last quarter. Hedge funds and other institutional investors own 87.43% of the company’s stock.

FTAI Infrastructure Trading Up 9.8 %

Shares of FIP opened at $5.27 on Tuesday. The firm has a market cap of $599.44 million, a price-to-earnings ratio of -2.66 and a beta of 1.52. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.42 and a current ratio of 1.42. FTAI Infrastructure Inc. has a fifty-two week low of $4.73 and a fifty-two week high of $10.46. The firm has a 50 day moving average price of $6.49 and a 200-day moving average price of $7.86.

FTAI Infrastructure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.28%. FTAI Infrastructure’s payout ratio is -4.36%.

FTAI Infrastructure 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.