GSA Capital Partners LLP Has $1.25 Million Stock Holdings in FTAI Infrastructure Inc. (NASDAQ:FIP)

GSA Capital Partners LLP increased its holdings in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) by 70.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 133,733 shares of the company’s stock after acquiring an additional 55,120 shares during the quarter. GSA Capital Partners LLP’s holdings in FTAI Infrastructure were worth $1,252,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. US Bancorp DE acquired a new stake in FTAI Infrastructure during the 3rd quarter worth approximately $52,000. International Assets Investment Management LLC boosted its position in FTAI Infrastructure by 836.0% during the 3rd quarter. International Assets Investment Management LLC now owns 15,182 shares of the company’s stock worth $142,000 after buying an additional 13,560 shares during the period. SG Americas Securities LLC boosted its position in FTAI Infrastructure by 9.8% during the 3rd quarter. SG Americas Securities LLC now owns 29,654 shares of the company’s stock worth $278,000 after buying an additional 2,640 shares during the period. Doheny Asset Management CA acquired a new stake in FTAI Infrastructure during the 2nd quarter worth approximately $712,000. Finally, Algert Global LLC acquired a new stake in FTAI Infrastructure during the 2nd quarter worth approximately $88,000. 87.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, JMP Securities restated a “market outperform” rating and issued a $12.00 price target on shares of FTAI Infrastructure in a research report on Monday, August 5th.

FTAI Infrastructure Stock Down 0.7 %

Shares of NASDAQ FIP opened at $8.61 on Friday. The company has a market capitalization of $979.39 million, a P/E ratio of -4.38 and a beta of 1.36. FTAI Infrastructure Inc. has a 52-week low of $3.42 and a 52-week high of $10.45. 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 company’s 50 day moving average price is $8.99 and its 200-day moving average price is $8.85.

FTAI Infrastructure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th will be given a $0.03 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.39%. FTAI Infrastructure’s dividend payout ratio (DPR) is currently -6.06%.

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.