Voloridge Investment Management LLC Trims Stock Position in FTAI Infrastructure Inc. (NASDAQ:FIP)

Voloridge Investment Management LLC reduced its holdings in shares of FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) by 14.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 608,876 shares of the company's stock after selling 104,438 shares during the quarter. Voloridge Investment Management LLC owned 0.54% of FTAI Infrastructure worth $4,420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Squarepoint Ops LLC grew its holdings in FTAI Infrastructure by 563.0% during the 4th quarter. Squarepoint Ops LLC now owns 235,070 shares of the company's stock valued at $1,707,000 after buying an additional 199,617 shares in the last quarter. Two Sigma Advisers LP grew its stake in FTAI Infrastructure by 37.8% during the 4th quarter. Two Sigma Advisers LP now owns 189,500 shares of the company's stock worth $1,376,000 after buying an additional 52,000 shares during the last quarter. Shay Capital LLC grew its stake in FTAI Infrastructure by 160.5% during the 4th quarter. Shay Capital LLC now owns 208,402 shares of the company's stock valued at $1,513,000 after purchasing an additional 128,402 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of FTAI Infrastructure by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 28,365 shares of the company's stock valued at $206,000 after buying an additional 9,333 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its holdings in FTAI Infrastructure by 64.5% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 307,483 shares of the company's stock worth $2,232,000 after purchasing an additional 120,618 shares during the period. 87.43% of the stock is owned by institutional investors.

FTAI Infrastructure Stock Up 0.8%

FTAI Infrastructure stock traded up $0.05 during midday trading on Friday, reaching $6.14. The company's stock had a trading volume of 1,056,131 shares, compared to its average volume of 1,343,889. 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 quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 6.07. The company has a market cap of $704.63 million, a P/E ratio of -3.10 and a beta of 1.70. The business has a 50-day simple moving average of $4.47 and a 200-day simple moving average of $6.14.

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

FTAI Infrastructure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.95%. The ex-dividend date was Monday, May 19th. FTAI Infrastructure's payout ratio is -9.09%.

Wall Street Analyst Weigh In

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