FTAI Infrastructure Inc. (NASDAQ:FIP) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC grew its holdings in FTAI Infrastructure Inc. (NASDAQ:FIP) by 836.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,182 shares of the company’s stock after purchasing an additional 13,560 shares during the period. International Assets Investment Management LLC’s holdings in FTAI Infrastructure were worth $142,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of FIP. Hood River Capital Management LLC boosted its holdings in FTAI Infrastructure by 26.5% during the 2nd quarter. Hood River Capital Management LLC now owns 2,957,163 shares of the company’s stock valued at $25,520,000 after acquiring an additional 618,625 shares during the period. Highland Peak Capital LLC purchased a new position in shares of FTAI Infrastructure in the second quarter valued at approximately $5,148,000. Dimensional Fund Advisors LP grew its holdings in shares of 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 in the last quarter. Luxor Capital Group LP increased its stake in FTAI Infrastructure by 8.0% during the 2nd quarter. Luxor Capital Group LP now owns 5,681,893 shares of the company’s stock worth $49,035,000 after buying an additional 420,019 shares during the period. Finally, First Eagle Investment Management LLC acquired a new stake in FTAI Infrastructure during the 2nd quarter worth approximately $2,766,000. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

FTAI Infrastructure Trading Down 1.1 %

FIP opened at $8.94 on Friday. The company has a debt-to-equity ratio of 6.07, a quick ratio of 2.10 and a current ratio of 1.42. FTAI Infrastructure Inc. has a one year low of $3.27 and a one year high of $10.45. The company has a market cap of $1.02 billion, a P/E ratio of -4.52 and a beta of 1.36. The business’s 50-day simple moving average is $9.03 and its 200-day simple moving average is $8.79.

FTAI Infrastructure Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.12 annualized dividend and a yield of 1.34%. FTAI Infrastructure’s dividend payout ratio is currently -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.