Dimensional Fund Advisors LP Decreases Stake in FTAI Infrastructure Inc. $FIP

Key Points

• Dimensional Fund Advisors reduced its FTAI Infrastructure stake by 28.1% in the first quarter, selling 274,700 shares and retaining 702,803 shares worth approximately $3.47 million. Institutional investors and hedge funds collectively own 87.43% of the company.
• FTAI Infrastructure reported a quarterly loss of $1.41 per share, substantially below the $0.60 consensus estimate, despite revenue of $186.77 million. The company posted a negative net margin of 74.10% and return on equity of 147.01%.
• Analyst sentiment remains mixed but leans positive, with three Buy ratings and one Sell rating, producing a “Moderate Buy” consensus and an average price target of $9.94 versus the stock’s recent price near $4.51. The company also declared a quarterly dividend of $0.03 per share, representing a 2.7% annualized yield.

Dimensional Fund Advisors LP cut its stake in shares of FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) by 28.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 702,803 shares of the company's stock after selling 274,700 shares during the quarter. Dimensional Fund Advisors LP owned about 0.59% of FTAI Infrastructure worth $3,470,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in FIP. Larson Financial Group LLC boosted its stake in shares of FTAI Infrastructure by 6,941.7% in the fourth quarter. Larson Financial Group LLC now owns 8,098 shares of the company's stock worth $37,000 after buying an additional 7,983 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in FTAI Infrastructure by 12,129.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 9,172 shares of the company's stock worth $40,000 after acquiring an additional 9,097 shares in the last quarter. Xponance LLC acquired a new position in shares of FTAI Infrastructure during the 4th quarter worth about $47,000. CIBC Bancorp USA Inc. acquired a new position in shares of FTAI Infrastructure during the third quarter valued at approximately $50,000. Finally, CIBC Asset Management Inc acquired a new position in FTAI Infrastructure in the 4th quarter valued at $54,000. 87.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity at FTAI Infrastructure

In other FTAI Infrastructure news, CFO Carl Russell Iv Fletcher bought 10,000 shares of the company's stock in a transaction that occurred on Thursday, May 28th. The stock was purchased at an average cost of $4.58 per share, for a total transaction of $45,800.00. Following the completion of the purchase, the chief financial officer owned 40,000 shares of the company's stock, valued at $183,200. This trade represents a 33.33% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

FIP has been the topic of a number of research reports. JonesTrading assumed coverage on shares of FTAI Infrastructure in a research note on Wednesday, July 1st. They issued a "buy" rating and a $8.75 target price on the stock. Wall Street Zen lowered FTAI Infrastructure from a "sell" rating to a "strong sell" rating in a research note on Monday, July 20th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of FTAI Infrastructure in a report on Friday, June 12th. Citizens Jmp started coverage on shares of FTAI Infrastructure in a research note on Wednesday, July 15th. They set a "market outperform" rating and a $10.00 price target on the stock. Finally, BTIG Research reduced their target price on shares of FTAI Infrastructure from $10.00 to $9.00 and set a "buy" rating for the company in a report on Friday, May 8th. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $9.94.

FTAI Infrastructure Trading Up 3.2%

NASDAQ:FIP opened at $4.51 on Thursday. FTAI Infrastructure Inc. has a twelve month low of $3.06 and a twelve month high of $6.69. The company has a market capitalization of $532.92 million, a P/E ratio of -0.87 and a beta of 1.80. The firm has a 50-day moving average price of $4.38 and a two-hundred day moving average price of $5.04.

FTAI Infrastructure (NASDAQ:FIP - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported ($1.41) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.60) by ($0.81). The company had revenue of $186.77 million during the quarter, compared to analysts' expectations of $186.08 million. FTAI Infrastructure had a negative net margin of 74.10% and a negative return on equity of 147.01%.

FTAI Infrastructure Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 24th will be given a dividend of $0.03 per share. The ex-dividend date is Monday, August 24th. This represents a $0.12 dividend on an annualized basis and a yield of 2.7%. FTAI Infrastructure's dividend payout ratio (DPR) is -2.31%.

FTAI Infrastructure Profile

FTAI Infrastructure Ltd NASDAQ: FIP is a closed-end investment company that acquires and manages infrastructure assets offering stable, long-term cash flows. The company targets core and core-plus infrastructure sectors with contracted or regulated revenue streams, aiming to deliver attractive risk-adjusted returns for its shareholders. FTAI Infrastructure’s portfolio is diversified across multiple sub-sectors, geographies and counterparties to manage risk and capture growth opportunities in global infrastructure markets.

The company focuses on three primary investment categories: communications infrastructure, transport and logistics infrastructure, and utility infrastructure.

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