BNP Paribas Financial Markets Acquires New Shares in FTAI Infrastructure Inc. (NASDAQ:FIP)

BNP Paribas Financial Markets acquired a new stake in shares of FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 373,423 shares of the company's stock, valued at approximately $2,711,000. BNP Paribas Financial Markets owned approximately 0.33% of FTAI Infrastructure at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its position in shares of FTAI Infrastructure by 113.8% in the third quarter. JPMorgan Chase & Co. now owns 518,294 shares of the company's stock worth $4,851,000 after buying an additional 275,903 shares during the period. Swiss National Bank boosted its stake in shares of FTAI Infrastructure by 9.3% during the 4th quarter. Swiss National Bank now owns 218,700 shares of the company's stock worth $1,588,000 after acquiring an additional 18,600 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in FTAI Infrastructure by 7.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 915,386 shares of the company's stock worth $6,646,000 after purchasing an additional 67,023 shares during the last quarter. AlphaQuest LLC acquired a new stake in FTAI Infrastructure in the 4th quarter worth approximately $527,000. Finally, Geode Capital Management LLC raised its position in shares of FTAI Infrastructure by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 2,499,861 shares of the company's stock valued at $18,153,000 after purchasing an additional 72,560 shares during the period. Institutional investors and hedge funds own 87.43% of the company's stock.

FTAI Infrastructure Price Performance

Shares of FTAI Infrastructure stock traded down $0.13 during trading on Monday, hitting $5.01. 811,612 shares of the company's stock traded hands, compared to its average volume of 1,352,424. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.42 and a quick ratio of 1.42. The firm's fifty day moving average price is $4.37 and its 200 day moving average price is $6.35. The company has a market cap of $574.95 million, a PE ratio of -2.53 and a beta of 1.70. FTAI Infrastructure Inc. has a twelve month low of $3.10 and a twelve month high of $10.46.

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

FTAI Infrastructure Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 19th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend is Monday, May 19th. FTAI Infrastructure's dividend payout ratio is -9.09%.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reiterated a "market outperform" rating and set a $12.00 price target on shares of FTAI Infrastructure in a report on Tuesday, April 22nd.

FTAI Infrastructure 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.