FTAI Infrastructure (NASDAQ:FIP) Sets New 12-Month Low – Time to Sell?

FTAI Infrastructure Inc. (NASDAQ:FIP) hit a new 52-week low during trading on Thursday . The stock traded as low as $4.72 and last traded at $4.74, with a volume of 330321 shares traded. The stock had previously closed at $4.93.

FTAI Infrastructure Price Performance

The company’s fifty day simple moving average is $5.99 and its two-hundred day simple moving average is $7.64. 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 stock has a market capitalization of $533.25 million, a PE ratio of -2.36 and a beta of 1.52.

FTAI Infrastructure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were given a dividend of $0.03 per share. The ex-dividend date was Friday, March 14th. This represents a $0.12 annualized dividend and a dividend yield of 2.56%. FTAI Infrastructure’s payout ratio is -4.36%.

Institutional Trading of FTAI Infrastructure

Several large investors have recently added to or reduced their stakes in the business. Intech Investment Management LLC purchased a new position in shares of FTAI Infrastructure during the third quarter valued at $195,000. Charles Schwab Investment Management Inc. raised its holdings in FTAI Infrastructure by 198.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 848,363 shares of the company’s stock valued at $7,941,000 after acquiring an additional 564,566 shares in the last quarter. FMR LLC boosted its position in shares of FTAI Infrastructure by 5,651.2% during the 3rd quarter. FMR LLC now owns 348,349 shares of the company’s stock valued at $3,261,000 after acquiring an additional 342,292 shares in the last quarter. Verition Fund Management LLC raised its stake in FTAI Infrastructure by 231.9% during the third quarter. Verition Fund Management LLC now owns 44,204 shares of the company’s stock worth $414,000 after acquiring an additional 30,886 shares in the last quarter. Finally, Cladis Investment Advisory LLC acquired a new position in shares of FTAI Infrastructure in the 3rd quarter worth approximately $94,000. 87.43% of the stock is currently owned by institutional investors and hedge funds.

About FTAI Infrastructure

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.