Caption Management LLC Purchases New Shares in FTAI Infrastructure Inc. $FIP

Key Points

• Caption Management LLC purchased 112,145 shares of FTAI Infrastructure Inc. valued at approximately $508,000, representing a 0.10% stake in the company.
• FTAI Infrastructure reported a quarterly earnings loss of ($0.73) EPS, missing estimates by ($0.36), along with a negative net margin of 20.85% and revenue below analyst expectations.
• The company announced a quarterly dividend of $0.03 per share, translating to an annual yield of 2.5%, with an ex-dividend date set for August 25th.

Caption Management LLC purchased a new position in shares of FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 112,145 shares of the company's stock, valued at approximately $508,000. Caption Management LLC owned 0.10% of FTAI Infrastructure as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Teacher Retirement System of Texas acquired a new position in shares of FTAI Infrastructure during the first quarter worth about $68,000. Freestone Grove Partners LP purchased a new stake in FTAI Infrastructure during the fourth quarter worth about $128,000. Mariner LLC purchased a new stake in FTAI Infrastructure during the fourth quarter worth about $165,000. Aigen Investment Management LP boosted its holdings in FTAI Infrastructure by 16.9% during the first quarter. Aigen Investment Management LP now owns 24,647 shares of the company's stock worth $112,000 after buying an additional 3,568 shares in the last quarter. Finally, Fortitude Advisory Group L.L.C. purchased a new stake in FTAI Infrastructure during the first quarter worth about $113,000. 87.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other FTAI Infrastructure news, CFO Carl Russell Iv Fletcher purchased 10,000 shares of FTAI Infrastructure stock in a transaction on Thursday, August 21st. The shares were bought at an average price of $4.48 per share, with a total value of $44,800.00. Following the completion of the acquisition, the chief financial officer directly owned 30,000 shares of the company's stock, valued at approximately $134,400. This trade represents a 50.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

FTAI Infrastructure Price Performance

Shares of NASDAQ FIP traded up $0.04 on Friday, hitting $4.18. The company's stock had a trading volume of 2,660,650 shares, compared to its average volume of 3,209,898. FTAI Infrastructure Inc. has a 12-month low of $3.10 and a 12-month high of $9.96. The company has a market capitalization of $481.08 million, a price-to-earnings ratio of -2.73 and a beta of 1.87. The company has a debt-to-equity ratio of 13.30, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a 50 day moving average of $5.75 and a 200-day moving average of $5.32.

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

FTAI Infrastructure Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 8th. Shareholders of record on Monday, August 25th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, August 25th. FTAI Infrastructure's dividend payout ratio is -7.84%.

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.