73,503 Shares in FTAI Infrastructure Inc. (NASDAQ:FIP) Acquired by Easterly Investment Partners LLC

Easterly Investment Partners LLC acquired a new stake in FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 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 have also bought and sold shares of FIP. Teacher Retirement System of Texas acquired a new position in FTAI Infrastructure in the 1st quarter valued at about $68,000. Morey & Quinn Wealth Partners LLC acquired a new position in FTAI Infrastructure in the fourth quarter valued at $84,000. Proficio Capital Partners LLC acquired a new position in FTAI Infrastructure during the 4th quarter worth approximately $97,000. Fortitude Advisory Group L.L.C. acquired a new position in FTAI Infrastructure during the 1st quarter valued at about $113,000. Finally, Freestone Grove Partners LP purchased a new stake in shares of FTAI Infrastructure during the fourth quarter valued at approximately $128,000. Institutional investors own 87.43% of the company's stock.

Analyst Upgrades and Downgrades

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

FTAI Infrastructure Trading Up 3.3%

Shares of NASDAQ FIP traded up $0.22 during midday trading on Monday, hitting $6.97. The company's stock had a trading volume of 1,218,652 shares, compared to its average volume of 1,308,027. FTAI Infrastructure Inc. has a 12-month low of $3.10 and a 12-month 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 firm has a market cap of $799.88 million, a P/E ratio of -5.28 and a beta of 1.89. The business's 50 day moving average is $6.06 and its two-hundred day moving average is $5.71.

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

FTAI Infrastructure Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 19th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend was Monday, May 19th. FTAI Infrastructure's payout ratio is -9.09%.

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.