Barclays PLC Grows Position in FTAI Infrastructure Inc. (NASDAQ:FIP)

Barclays PLC grew its position in FTAI Infrastructure Inc. (NASDAQ:FIP) by 283.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 159,387 shares of the company’s stock after acquiring an additional 117,863 shares during the quarter. Barclays PLC’s holdings in FTAI Infrastructure were worth $1,492,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of FIP. Bank of New York Mellon Corp lifted its holdings in FTAI Infrastructure by 8.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 794,868 shares of the company’s stock worth $6,860,000 after buying an additional 65,218 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of FTAI Infrastructure during the second quarter worth about $134,000. Rhumbline Advisers lifted its stake in shares of FTAI Infrastructure by 17.1% in the second quarter. Rhumbline Advisers now owns 154,509 shares of the company’s stock worth $1,333,000 after acquiring an additional 22,569 shares in the last quarter. Arizona State Retirement System purchased a new position in FTAI Infrastructure in the second quarter valued at about $246,000. Finally, Choreo LLC acquired a new stake in FTAI Infrastructure during the 2nd quarter valued at approximately $100,000. Hedge funds and other institutional investors own 87.43% of the company’s stock.

FTAI Infrastructure Price Performance

FIP stock opened at $7.11 on Friday. The stock’s 50 day moving average is $8.39 and its two-hundred day moving average is $8.89. FTAI Infrastructure Inc. has a 52-week low of $3.42 and a 52-week high of $10.45. The company has a market capitalization of $808.73 million, a PE ratio of -3.59 and a beta of 1.34. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 6.07.

FTAI Infrastructure Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were paid a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.69%. FTAI Infrastructure’s dividend payout ratio (DPR) is presently -6.06%.

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.