Two Sigma Advisers LP Acquires 52,000 Shares of FTAI Infrastructure Inc. (NASDAQ:FIP)

Two Sigma Advisers LP grew its position in shares of FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) by 37.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 189,500 shares of the company's stock after acquiring an additional 52,000 shares during the quarter. Two Sigma Advisers LP owned 0.17% of FTAI Infrastructure worth $1,376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Shay Capital LLC increased its position in shares of FTAI Infrastructure by 160.5% during the fourth quarter. Shay Capital LLC now owns 208,402 shares of the company's stock valued at $1,513,000 after acquiring an additional 128,402 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of FTAI Infrastructure by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 28,365 shares of the company's stock worth $206,000 after purchasing an additional 9,333 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in FTAI Infrastructure by 64.5% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 307,483 shares of the company's stock worth $2,232,000 after buying an additional 120,618 shares during the last quarter. Graham Capital Management L.P. raised its position in FTAI Infrastructure by 43.3% in the fourth quarter. Graham Capital Management L.P. now owns 65,580 shares of the company's stock worth $476,000 after acquiring an additional 19,817 shares during the period. Finally, Frontier Capital Management Co. LLC bought a new position in shares of FTAI Infrastructure during the 4th quarter valued at approximately $2,859,000. 87.43% of the stock is owned by hedge funds and other institutional investors.

FTAI Infrastructure Stock Performance

Shares of FTAI Infrastructure stock traded up $0.18 during trading hours on Wednesday, reaching $6.22. The company had a trading volume of 489,124 shares, compared to its average volume of 1,322,269. The firm has a market cap of $713.24 million, a PE ratio of -3.14 and a beta of 1.70. FTAI Infrastructure Inc. has a one year low of $3.10 and a one year high of $10.46. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.42 and a quick ratio of 1.42. The business has a fifty day simple moving average of $4.51 and a 200 day simple moving average of $6.10.

FTAI Infrastructure (NASDAQ:FIP - Get Free Report) last posted its earnings results 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 return on equity of 46.25% and a negative net margin of 44.32%. The business had revenue of $96.16 million during the quarter, compared to analyst estimates of $107.84 million.

FTAI Infrastructure Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend was Monday, May 19th. FTAI Infrastructure's dividend payout ratio is presently -9.09%.

Wall Street Analysts Forecast Growth

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

FTAI Infrastructure Company 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.