FTAI Infrastructure Inc. $FIP Shares Bought by Graham Capital Management L.P.

Key Points

• Graham Capital Management L.P. increased its stake in FTAI Infrastructure Inc. by 95.4% during the first quarter, acquiring an additional 62,555 shares, bringing its total to 128,135 shares worth approximately $580,000.
• FTAI Infrastructure recently reported a loss of $0.73 EPS for the quarter, falling short of analyst expectations, and announced a quarterly dividend of $0.03 per share, with a yield of 2.9%.
• The consensus rating for FTAI Infrastructure is currently "Buy" despite a recent downgrade to "sell" by Wall Street Zen, with analysts setting an average price target of $12.00 for the stock.

Graham Capital Management L.P. grew its position in FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) by 95.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,135 shares of the company's stock after buying an additional 62,555 shares during the quarter. Graham Capital Management L.P. owned 0.11% of FTAI Infrastructure worth $580,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of FIP. Long Focus Capital Management LLC grew its position in FTAI Infrastructure by 820.7% in the 1st quarter. Long Focus Capital Management LLC now owns 4,766,162 shares of the company's stock valued at $21,591,000 after acquiring an additional 4,248,503 shares in the last quarter. American Assets Investment Management LLC boosted its stake in shares of FTAI Infrastructure by 1,780.5% in the first quarter. American Assets Investment Management LLC now owns 3,584,490 shares of the company's stock valued at $16,238,000 after purchasing an additional 3,393,879 shares during the period. Highland Peak Capital LLC grew its holdings in shares of FTAI Infrastructure by 127.4% in the first quarter. Highland Peak Capital LLC now owns 3,466,774 shares of the company's stock valued at $15,704,000 after purchasing an additional 1,942,035 shares in the last quarter. Balyasny Asset Management L.P. increased its stake in FTAI Infrastructure by 49.3% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,081,888 shares of the company's stock worth $15,115,000 after buying an additional 687,413 shares during the period. Finally, Frontier Capital Management Co. LLC acquired a new stake in FTAI Infrastructure during the 4th quarter worth approximately $2,859,000. Institutional investors and hedge funds own 87.43% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of FTAI Infrastructure from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $12.00.

Insiders Place Their Bets

In other FTAI Infrastructure news, CFO Carl Russell Iv Fletcher purchased 10,000 shares of the firm's stock in a transaction on Thursday, August 21st. The stock was bought at an average cost of $4.48 per share, with a total value of $44,800.00. Following the acquisition, the chief financial officer directly owned 30,000 shares of the company's stock, valued at approximately $134,400. This represents a 50.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.40% of the stock is currently owned by corporate insiders.

FTAI Infrastructure Stock Up 6.2%

NASDAQ:FIP traded up $0.26 during mid-day trading on Thursday, hitting $4.48. The stock had a trading volume of 1,867,519 shares, compared to its average volume of 2,707,149. FTAI Infrastructure Inc. has a twelve month low of $3.10 and a twelve month high of $9.96. The stock has a 50-day simple moving average of $5.58 and a two-hundred day simple moving average of $5.27. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 13.30. The company has a market capitalization of $515.60 million, a PE ratio of -2.93 and a beta of 1.87.

FTAI Infrastructure (NASDAQ:FIP - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.73) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.36). FTAI Infrastructure had a negative return on equity of 10.14% and a negative net margin of 20.85%.The firm had revenue of $122.29 million for the quarter, compared to analyst estimates of $151.77 million.

FTAI Infrastructure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 8th. Shareholders of record on Monday, August 25th were paid a $0.03 dividend. The ex-dividend date was Monday, August 25th. This represents a $0.12 dividend on an annualized basis and a yield of 2.7%. FTAI Infrastructure's dividend payout ratio (DPR) is currently -7.84%.

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.