FTAI Infrastructure Inc. (NASDAQ:FIP) Short Interest Update

FTAI Infrastructure Inc. (NASDAQ:FIP) saw a significant growth in short interest in September. As of September 30th, there was short interest totalling 7,790,000 shares, a growth of 13.6% from the September 15th total of 6,860,000 shares. Approximately 7.6% of the company’s shares are sold short. Based on an average daily volume of 1,470,000 shares, the short-interest ratio is presently 5.3 days.

FTAI Infrastructure Stock Performance

NASDAQ FIP opened at $9.47 on Thursday. The company has a debt-to-equity ratio of 5.42, a current ratio of 2.10 and a quick ratio of 2.10. FTAI Infrastructure has a 1 year low of $3.01 and a 1 year high of $10.45. The company has a market capitalization of $963.04 million, a PE ratio of -4.88 and a beta of 1.28. The company has a fifty day moving average of $9.16 and a two-hundred day moving average of $8.56.

FTAI Infrastructure (NASDAQ:FIP) last released its quarterly earnings data on Friday, August 2nd. The company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($0.17). FTAI Infrastructure had a negative net margin of 49.85% and a negative return on equity of 44.09%. The company had revenue of $84.89 million during the quarter.

FTAI Infrastructure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Monday, August 12th were paid a dividend of $0.03 per share. The ex-dividend date was Monday, August 12th. This represents a $0.12 annualized dividend and a dividend yield of 1.27%. FTAI Infrastructure’s dividend payout ratio (DPR) is -6.19%.

Insiders Place Their Bets

In other FTAI Infrastructure news, major shareholder Fig Buyer Gp, Llc sold 3,399,501 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $9.04, for a total transaction of $30,731,489.04. Following the transaction, the insider now directly owns 8,418,561 shares in the company, valued at $76,103,791.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.17% of the stock is owned by insiders.

Institutional Investors Weigh In On FTAI Infrastructure

A number of hedge funds have recently added to or reduced their stakes in the company. Luxor Capital Group LP lifted its position in FTAI Infrastructure by 8.0% in the second quarter. Luxor Capital Group LP now owns 5,681,893 shares of the company’s stock valued at $49,035,000 after purchasing an additional 420,019 shares during the period. Hood River Capital Management LLC lifted its position in FTAI Infrastructure by 26.5% in the second quarter. Hood River Capital Management LLC now owns 2,957,163 shares of the company’s stock valued at $25,520,000 after purchasing an additional 618,625 shares during the period. Dimensional Fund Advisors LP lifted its position in FTAI Infrastructure by 44.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,470,225 shares of the company’s stock valued at $12,688,000 after purchasing an additional 449,481 shares during the period. Bank of New York Mellon Corp lifted its position in FTAI Infrastructure by 8.9% in the second quarter. Bank of New York Mellon Corp now owns 794,868 shares of the company’s stock valued at $6,860,000 after purchasing an additional 65,218 shares during the period. Finally, Highland Peak Capital LLC acquired a new stake in FTAI Infrastructure in the second quarter valued at about $5,148,000. Institutional investors and hedge funds own 87.43% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.