Balyasny Asset Management L.P. Purchases 687,413 Shares of FTAI Infrastructure Inc. (NASDAQ:FIP)

Balyasny Asset Management L.P. increased its position in FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) by 49.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,081,888 shares of the company's stock after purchasing an additional 687,413 shares during the quarter. Balyasny Asset Management L.P. owned approximately 1.83% of FTAI Infrastructure worth $15,115,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in shares of FTAI Infrastructure by 113.8% during the third quarter. JPMorgan Chase & Co. now owns 518,294 shares of the company's stock valued at $4,851,000 after acquiring an additional 275,903 shares during the period. Barclays PLC boosted its position in FTAI Infrastructure by 283.8% in the third quarter. Barclays PLC now owns 159,387 shares of the company's stock valued at $1,492,000 after buying an additional 117,863 shares in the last quarter. Swiss National Bank grew its stake in FTAI Infrastructure by 9.3% during the fourth quarter. Swiss National Bank now owns 218,700 shares of the company's stock worth $1,588,000 after buying an additional 18,600 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of FTAI Infrastructure by 7.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 915,386 shares of the company's stock worth $6,646,000 after buying an additional 67,023 shares in the last quarter. Finally, AlphaQuest LLC bought a new position in shares of FTAI Infrastructure in the fourth quarter valued at approximately $527,000. Institutional investors and hedge funds own 87.43% of the company's stock.

FTAI Infrastructure Price Performance

FIP traded down $0.06 during midday trading on Friday, hitting $4.60. The company had a trading volume of 3,314,978 shares, compared to its average volume of 1,338,788. FTAI Infrastructure Inc. has a twelve month low of $3.10 and a twelve month high of $10.46. The company has a market capitalization of $527.90 million, a PE ratio of -2.32 and a beta of 1.70. 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 firm's 50-day simple moving average is $4.37 and its 200-day simple moving average is $6.47.

FTAI Infrastructure (NASDAQ:FIP - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.89 EPS for the quarter, topping analysts' consensus estimates of ($0.34) by $1.23. FTAI Infrastructure had a negative return on equity of 46.25% and a negative net margin of 44.32%. The firm had revenue of $96.16 million during the quarter, compared to analyst estimates of $107.84 million.

FTAI Infrastructure Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend is Monday, May 19th. FTAI Infrastructure's dividend payout ratio is presently -9.09%.

Wall Street Analyst Weigh In

Separately, JMP Securities reissued a "market outperform" rating and issued a $12.00 price objective on shares of FTAI Infrastructure in a research note on Tuesday, April 22nd.

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.