FTAI Infrastructure (NASDAQ:FIP) Stock Price Up 5.9% – Should You Buy?

FTAI Infrastructure Inc. (NASDAQ:FIP)’s stock price traded up 5.9% on Monday . The company traded as high as $5.05 and last traded at $5.09. 183,501 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 1,164,031 shares. The stock had previously closed at $4.80.

FTAI Infrastructure Trading Down 2.8 %

The stock has a 50-day simple moving average of $6.45 and a two-hundred day simple moving average of $7.83. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market cap of $582.37 million, a PE ratio of -2.59 and a beta of 1.52.

FTAI Infrastructure Announces Dividend

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 dividend of $0.03 per share. 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 2.34%. FTAI Infrastructure’s dividend payout ratio is currently -4.36%.

Institutional Investors Weigh In On FTAI Infrastructure

Large investors have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of FTAI Infrastructure during the 3rd quarter valued at about $34,000. Cladis Investment Advisory LLC bought a new stake in shares of FTAI Infrastructure during the 3rd quarter valued at about $94,000. Morey & Quinn Wealth Partners LLC bought a new stake in shares of FTAI Infrastructure during the 4th quarter valued at about $84,000. Castellan Group bought a new stake in shares of FTAI Infrastructure during the 4th quarter valued at about $96,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of FTAI Infrastructure during the 4th quarter valued at about $97,000. 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.