FTAI Infrastructure (NASDAQ:FIP) Stock Price Down 5.3%

FTAI Infrastructure Inc. (NASDAQ:FIP)’s share price traded down 5.3% during trading on Friday . The company traded as low as $7.72 and last traded at $7.74. 398,277 shares were traded during mid-day trading, a decline of 60% from the average session volume of 998,329 shares. The stock had previously closed at $8.17.

Analysts Set New Price Targets

Separately, BTIG Research boosted their price target on FTAI Infrastructure from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Thursday, June 6th.

FTAI Infrastructure Stock Performance

The firm has a fifty day simple moving average of $7.81 and a 200-day simple moving average of $5.80. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 3.95. The stock has a market cap of $797.25 million, a price-to-earnings ratio of -4.04 and a beta of 1.35.

FTAI Infrastructure (NASDAQ:FIP) last released its earnings results on Tuesday, May 7th. The company reported ($0.54) earnings per share (EPS) for the quarter. FTAI Infrastructure had a negative return on equity of 37.21% and a negative net margin of 49.44%. The firm had revenue of $82.54 million for the quarter.

FTAI Infrastructure Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 29th. Investors of record on Friday, May 17th were paid a $0.03 dividend. The ex-dividend date was Thursday, May 16th. This represents a $0.12 annualized dividend and a yield of 1.53%. FTAI Infrastructure’s dividend payout ratio (DPR) is currently -6.19%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of FTAI Infrastructure by 1.1% during the third quarter. Vanguard Group Inc. now owns 5,299,036 shares of the company’s stock worth $17,063,000 after purchasing an additional 57,133 shares during the period. Luxor Capital Group LP increased its stake in FTAI Infrastructure by 49.0% in the fourth quarter. Luxor Capital Group LP now owns 4,269,813 shares of the company’s stock valued at $16,610,000 after acquiring an additional 1,403,628 shares during the last quarter. Orchard Capital Management LLC boosted its position in FTAI Infrastructure by 7.1% in the fourth quarter. Orchard Capital Management LLC now owns 2,471,786 shares of the company’s stock valued at $9,615,000 after buying an additional 164,023 shares in the last quarter. Pingora Partners LLC acquired a new stake in FTAI Infrastructure in the fourth quarter valued at approximately $6,102,000. Finally, Cruiser Capital Advisors LLC lifted its holdings in shares of FTAI Infrastructure by 67.6% during the first quarter. Cruiser Capital Advisors LLC now owns 432,255 shares of the company’s stock worth $2,709,000 after purchasing an additional 174,325 shares during the period. 87.43% of the stock is owned by institutional investors.

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.