FTAI Infrastructure Inc. $FIP Shares Sold by Jump Financial LLC

Key Points

• Jump Financial LLC reduced its holdings in FTAI Infrastructure Inc. by 77.5%, selling 68,984 shares and leaving it with 19,971 shares valued at approximately $90,000.
• Other institutional investors, such as Stephens Inc. AR and Aigen Investment Management LP, increased their positions by over 10%, signaling ongoing interest in FTAI Infrastructure.
• FTAI Infrastructure recently declared a $0.03 quarterly dividend, which will yield 2.9% annually; however, the company's dividend payout ratio is currently negative at -7.84%.

Jump Financial LLC lowered its stake in shares of FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) by 77.5% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 19,971 shares of the company's stock after selling 68,984 shares during the period. Jump Financial LLC's holdings in FTAI Infrastructure were worth $90,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FIP. Doheny Asset Management CA grew its position in shares of FTAI Infrastructure by 10.7% in the first quarter. Doheny Asset Management CA now owns 192,660 shares of the company's stock valued at $873,000 after purchasing an additional 18,650 shares during the period. Tejara Capital Ltd purchased a new position in shares of FTAI Infrastructure in the first quarter worth about $1,334,000. Fox Run Management L.L.C. raised its stake in FTAI Infrastructure by 10.5% during the first quarter. Fox Run Management L.L.C. now owns 42,367 shares of the company's stock worth $192,000 after purchasing an additional 4,024 shares during the period. Nuveen LLC purchased a new position in FTAI Infrastructure during the first quarter worth about $1,422,000. Finally, Aigen Investment Management LP raised its stake in FTAI Infrastructure by 16.9% during the first quarter. Aigen Investment Management LP now owns 24,647 shares of the company's stock worth $112,000 after purchasing an additional 3,568 shares during the period. Institutional investors and hedge funds own 87.43% of the company's stock.

FTAI Infrastructure Stock Down 3.3%

Shares of FIP stock traded down $0.14 during trading on Monday, reaching $4.04. The company's stock had a trading volume of 1,972,613 shares, compared to its average volume of 2,981,704. The company has a debt-to-equity ratio of 13.30, a current ratio of 1.49 and a quick ratio of 1.49. The company has a market capitalization of $464.96 million, a price-to-earnings ratio of -2.64 and a beta of 1.88. The stock's 50-day moving average price is $5.71 and its 200 day moving average price is $5.29. FTAI Infrastructure Inc. has a 1-year low of $3.10 and a 1-year high of $9.96.

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

FTAI Infrastructure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 8th. Shareholders of record on Monday, August 25th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 3.0%. The ex-dividend date is Monday, August 25th. FTAI Infrastructure's payout ratio is -7.84%.

Insider Buying and Selling

In other news, CFO Carl Russell Iv Fletcher purchased 10,000 shares of the stock in a transaction on Thursday, August 21st. The stock was bought at an average price of $4.48 per share, for a total transaction 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. The trade was a 50.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.17% of the stock is owned by company insiders.

Analysts Set New Price Targets

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 investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $12.00.

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.