Canada Pension Plan Investment Board acquired a new stake in FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 125,700 shares of the company's stock, valued at approximately $913,000. Canada Pension Plan Investment Board owned approximately 0.11% of FTAI Infrastructure as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the stock. Marshall Wace LLP acquired a new position in FTAI Infrastructure in the 4th quarter valued at $1,692,000. Mariner LLC purchased a new stake in shares of FTAI Infrastructure in the fourth quarter valued at $165,000. Barclays PLC increased its stake in FTAI Infrastructure by 12.3% in the fourth quarter. Barclays PLC now owns 178,937 shares of the company's stock valued at $1,299,000 after purchasing an additional 19,550 shares during the last quarter. Raymond James Financial Inc. purchased a new position in FTAI Infrastructure during the fourth quarter worth about $347,000. Finally, Invesco Ltd. boosted its stake in FTAI Infrastructure by 1.8% in the 4th quarter. Invesco Ltd. now owns 196,041 shares of the company's stock worth $1,423,000 after buying an additional 3,409 shares during the last quarter. Institutional investors and hedge funds own 87.43% of the company's stock.
Analyst Upgrades and Downgrades
Separately, JMP Securities reiterated a "market outperform" rating and set a $12.00 price objective on shares of FTAI Infrastructure in a report on Tuesday, April 22nd.
Read Our Latest Stock Report on FIP
FTAI Infrastructure Trading Down 3.1 %
Shares of NASDAQ FIP traded down $0.14 during trading on Wednesday, hitting $4.32. 884,602 shares of the company traded hands, compared to its average volume of 1,348,653. The firm has a market capitalization of $495.77 million, a P/E ratio of -2.18 and a beta of 1.69. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 6.07. The company has a 50-day moving average price of $4.52 and a 200-day moving average price of $6.73. FTAI Infrastructure Inc. has a 1 year low of $3.10 and a 1 year high of $10.46.
FTAI Infrastructure Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date was Friday, March 14th. FTAI Infrastructure's dividend payout ratio (DPR) is presently -4.36%.
About FTAI Infrastructure
(
Free Report)
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.
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