Aristeia Capital L.L.C. Acquires New Position in FTAI Infrastructure Inc. $FIP

Key Points

• Aristeia Capital L.L.C. has invested $286,000 in FTAI Infrastructure Inc., acquiring 63,175 shares, which represents approximately 0.06% of the company.
• Several large investors have increased their stakes in FTAI Infrastructure, with Ameriprise Financial Inc. notably increasing its position by 767.5%, now owning 245,192 shares valued at $1,780,000.
• FTAI Infrastructure recently posted a quarterly earnings loss of ($0.73) EPS, missing analysts' expectations and showing a negative net margin of 20.85%.

Aristeia Capital L.L.C. acquired a new position in FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 63,175 shares of the company's stock, valued at approximately $286,000. Aristeia Capital L.L.C. owned 0.06% of FTAI Infrastructure as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Long Focus Capital Management LLC grew its holdings in shares of FTAI Infrastructure by 820.7% during the first quarter. Long Focus Capital Management LLC now owns 4,766,162 shares of the company's stock valued at $21,591,000 after buying an additional 4,248,503 shares during the last quarter. American Assets Investment Management LLC raised its position in FTAI Infrastructure by 1,780.5% in the first quarter. American Assets Investment Management LLC now owns 3,584,490 shares of the company's stock worth $16,238,000 after acquiring an additional 3,393,879 shares during the period. Highland Peak Capital LLC raised its position in FTAI Infrastructure by 127.4% in the first quarter. Highland Peak Capital LLC now owns 3,466,774 shares of the company's stock worth $15,704,000 after acquiring an additional 1,942,035 shares during the period. Pingora Partners LLC raised its position in shares of FTAI Infrastructure by 4.9% during the 1st quarter. Pingora Partners LLC now owns 1,490,744 shares of the company's stock valued at $6,753,000 after purchasing an additional 69,475 shares during the period. Finally, Diamond Hill Capital Management Inc. raised its position in shares of FTAI Infrastructure by 30.8% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 1,069,759 shares of the company's stock valued at $4,846,000 after purchasing an additional 251,849 shares during the period. Hedge funds and other institutional investors own 87.43% of the company's stock.

Insiders Place Their Bets

In related news, CFO Carl Russell Iv Fletcher acquired 10,000 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The stock was bought at an average price of $4.48 per share, for a total transaction of $44,800.00. Following the acquisition, the chief financial officer directly owned 30,000 shares of the company's stock, valued at $134,400. This represents a 50.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of FTAI Infrastructure from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $12.00.

FTAI Infrastructure Trading Up 0.4%

Shares of FIP stock traded up $0.02 during trading hours on Friday, reaching $4.50. 1,800,566 shares of the stock were exchanged, compared to its average volume of 1,598,543. FTAI Infrastructure Inc. has a 12-month low of $3.10 and a 12-month high of $9.96. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 13.30. The company's 50-day moving average price is $5.58 and its 200-day moving average price is $5.27. The firm has a market capitalization of $517.91 million, a price-to-earnings ratio of -2.94 and a beta of 1.87.

FTAI Infrastructure (NASDAQ:FIP - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.73) EPS for the quarter, missing analysts' consensus estimates of ($0.37) by ($0.36). FTAI Infrastructure had a negative return on equity of 10.14% and a negative net margin of 20.85%.The firm had revenue of $122.29 million for the quarter, compared to analysts' expectations of $151.77 million.

FTAI Infrastructure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 8th. Investors of record on Monday, August 25th were issued a dividend of $0.03 per share. The ex-dividend date was Monday, August 25th. This represents a $0.12 dividend on an annualized basis and a yield of 2.7%. FTAI Infrastructure's dividend payout ratio (DPR) is presently -7.84%.

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.