Easterly Investment Partners LLC Purchases Shares of 73,503 FTAI Infrastructure Inc. (NASDAQ:FIP)

Easterly Investment Partners LLC bought a new stake in FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 73,503 shares of the company's stock, valued at approximately $333,000. Easterly Investment Partners LLC owned about 0.06% of FTAI Infrastructure at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of FIP. Stephens Inc. AR raised its holdings in FTAI Infrastructure by 10.6% during the first quarter. Stephens Inc. AR now owns 33,450 shares of the company's stock worth $152,000 after purchasing an additional 3,200 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in FTAI Infrastructure during the first quarter worth $68,000. Inscription Capital LLC acquired a new position in FTAI Infrastructure during the first quarter worth $732,000. Fortitude Advisory Group L.L.C. purchased a new position in shares of FTAI Infrastructure during the 1st quarter worth approximately $113,000. Finally, California State Teachers Retirement System increased its stake in shares of FTAI Infrastructure by 7.3% during the 4th quarter. California State Teachers Retirement System now owns 103,091 shares of the company's stock worth $748,000 after purchasing an additional 7,013 shares in the last quarter. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, JMP Securities reissued a "market outperform" rating and issued a $12.00 price target on shares of FTAI Infrastructure in a report on Tuesday, April 22nd.

FTAI Infrastructure Trading Up 0.6%

NASDAQ:FIP traded up $0.04 on Friday, hitting $6.75. 938,422 shares of the stock were exchanged, compared to its average volume of 1,308,386. The stock has a market cap of $774.63 million, a PE ratio of -5.11 and a beta of 1.89. FTAI Infrastructure Inc. has a fifty-two week low of $3.10 and a fifty-two week high of $10.46. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 7.90. The stock has a fifty day moving average of $6.06 and a 200-day moving average of $5.72.

FTAI Infrastructure (NASDAQ:FIP - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $1.23. The business had revenue of $96.16 million for the quarter, compared to the consensus estimate of $107.84 million. FTAI Infrastructure had a negative return on equity of 0.20% and a negative net margin of 16.69%.

FTAI Infrastructure Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.78%. The ex-dividend date was Monday, May 19th. FTAI Infrastructure's dividend payout ratio (DPR) is presently -9.09%.

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.