373,423 Shares in FTAI Infrastructure Inc. (NASDAQ:FIP) Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets purchased a new position in FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 373,423 shares of the company's stock, valued at approximately $2,711,000. BNP Paribas Financial Markets owned about 0.33% of FTAI Infrastructure at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Rhumbline Advisers boosted its position in shares of FTAI Infrastructure by 1.4% during the 4th quarter. Rhumbline Advisers now owns 158,513 shares of the company's stock worth $1,151,000 after acquiring an additional 2,141 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of FTAI Infrastructure by 10.1% in the fourth quarter. Arizona State Retirement System now owns 32,231 shares of the company's stock valued at $234,000 after purchasing an additional 2,948 shares in the last quarter. Invesco Ltd. lifted its holdings in FTAI Infrastructure by 1.8% in the 4th quarter. Invesco Ltd. now owns 196,041 shares of the company's stock valued at $1,423,000 after purchasing an additional 3,409 shares in the last quarter. Pictet Asset Management Holding SA grew its position in shares of FTAI Infrastructure by 19.3% in the fourth quarter. Pictet Asset Management Holding SA now owns 22,326 shares of the company's stock valued at $162,000 after purchasing an additional 3,610 shares during the period. Finally, Aigen Investment Management LP grew its stake in shares of FTAI Infrastructure by 29.2% during the 4th quarter. Aigen Investment Management LP now owns 21,079 shares of the company's stock valued at $153,000 after buying an additional 4,760 shares during the period. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

FTAI Infrastructure Price Performance

FTAI Infrastructure stock traded down $0.18 during mid-day trading on Wednesday, hitting $5.13. 151,363 shares of the company were exchanged, compared to its average volume of 1,351,796. The company has a market capitalization of $588.15 million, a PE ratio of -2.59 and a beta of 1.70. The business has a fifty day moving average of $4.38 and a 200 day moving average of $6.32. 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 Inc. has a 1-year low of $3.10 and a 1-year high of $10.46.

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

FTAI Infrastructure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 19th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 2.34%. The ex-dividend date is Monday, May 19th. FTAI Infrastructure's payout ratio is presently -9.09%.

Wall Street Analyst Weigh In

Separately, JMP Securities reiterated a "market outperform" rating and set a $12.00 target price 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.