Free Trial

Inscription Capital LLC Takes $732,000 Position in FTAI Infrastructure Inc. (NASDAQ:FIP)

FTAI Infrastructure logo with Finance background

Inscription Capital LLC bought a new stake in shares of FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 161,500 shares of the company's stock, valued at approximately $732,000. Inscription Capital LLC owned approximately 0.14% of FTAI Infrastructure as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Hood River Capital Management LLC lifted its position in shares of FTAI Infrastructure by 32.7% in the fourth quarter. Hood River Capital Management LLC now owns 5,891,840 shares of the company's stock valued at $42,775,000 after acquiring an additional 1,452,567 shares in the last quarter. Diamond Hill Capital Management Inc. purchased a new stake in shares of FTAI Infrastructure in the fourth quarter worth about $5,938,000. Capital International Investors lifted its position in shares of FTAI Infrastructure by 17.0% in the fourth quarter. Capital International Investors now owns 5,345,350 shares of the company's stock worth $38,807,000 after buying an additional 778,376 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of FTAI Infrastructure by 12.6% in the fourth quarter. Vanguard Group Inc. now owns 6,537,542 shares of the company's stock worth $47,463,000 after buying an additional 730,895 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its position in shares of FTAI Infrastructure by 49.3% in the fourth 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 in the last quarter. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

View Our Latest Stock Analysis on FIP

FTAI Infrastructure Price Performance

Shares of NASDAQ:FIP traded down $0.28 during mid-day trading on Friday, reaching $6.23. The stock had a trading volume of 1,611,341 shares, compared to its average volume of 1,321,761. 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 company has a market cap of $714.95 million, a P/E ratio of -4.72 and a beta of 1.95. FTAI Infrastructure Inc. has a 1 year low of $3.10 and a 1 year high of $10.46. The business's 50 day moving average price is $5.16 and its 200 day moving average price is $5.90.

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, beating analysts' consensus estimates of ($0.34) by $1.23. FTAI Infrastructure had a negative return on equity of 0.20% and a negative net margin of 16.69%. The business had revenue of $96.16 million for the quarter, compared to the consensus estimate of $107.84 million.

FTAI Infrastructure Dividend Announcement

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

FTAI Infrastructure Company Profile

(Free Report)

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.

Read More

Institutional Ownership by Quarter for FTAI Infrastructure (NASDAQ:FIP)

Should You Invest $1,000 in FTAI Infrastructure Right Now?

Before you consider FTAI Infrastructure, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FTAI Infrastructure wasn't on the list.

While FTAI Infrastructure currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

A Beginner's Guide to Investing in Cannabis Cover

Unlock your free copy of MarketBeat's comprehensive guide to pot stock investing and discover which cannabis companies are poised for growth. Plus, you'll get exclusive access to our daily newsletter with expert stock recommendations from Wall Street's top analysts.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Watch Before Monday: Stocks to Load Up on Before Earnings
3 Hot Growth Stocks to Watch Right Now!
Don’t Miss These Top 3 Defense Stocks Set To Gain

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines