Long Focus Capital Management LLC Buys 4,248,503 Shares of FTAI Infrastructure Inc. $FIP

Key Points

• Long Focus Capital Management LLC increased its stake in FTAI Infrastructure Inc. by 820.7% in the first quarter, acquiring an additional 4,248,503 shares to total 4,766,162 shares, valued at approximately $21.59 million.
• The company reported a $0.73 EPS loss for the last quarter, missing consensus estimates, with revenues of $122.29 million against an estimate of $151.77 million.
• FTAI Infrastructure declared a quarterly dividend of $0.03 per share, equating to an annualized yield of 2.5%, despite a negative dividend payout ratio of -7.84%.

Long Focus Capital Management LLC grew its holdings in FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) by 820.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,766,162 shares of the company's stock after acquiring an additional 4,248,503 shares during the period. Long Focus Capital Management LLC owned 4.15% of FTAI Infrastructure worth $21,591,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in FIP. Teacher Retirement System of Texas bought a new stake in FTAI Infrastructure in the first quarter worth approximately $68,000. Aigen Investment Management LP grew its position in FTAI Infrastructure by 16.9% in the first quarter. Aigen Investment Management LP now owns 24,647 shares of the company's stock worth $112,000 after acquiring an additional 3,568 shares in the last quarter. Fortitude Advisory Group L.L.C. bought a new stake in FTAI Infrastructure in the first quarter worth approximately $113,000. Y Intercept Hong Kong Ltd bought a new stake in FTAI Infrastructure in the first quarter worth approximately $127,000. Finally, Freestone Grove Partners LP bought a new stake in FTAI Infrastructure in the fourth quarter worth approximately $128,000. 87.43% of the stock is owned by institutional investors.

FTAI Infrastructure Stock Performance

Shares of FTAI Infrastructure stock traded down $0.33 on Wednesday, reaching $4.16. The stock had a trading volume of 2,479,717 shares, compared to its average volume of 1,576,169. The business's 50-day moving average price is $5.87 and its two-hundred day moving average price is $5.36. The company has a debt-to-equity ratio of 13.30, a quick ratio of 1.49 and a current ratio of 1.49. FTAI Infrastructure Inc. has a fifty-two week low of $3.10 and a fifty-two week high of $9.96. The stock has a market cap of $478.77 million, a P/E ratio of -2.72 and a beta of 1.87.

FTAI Infrastructure (NASDAQ:FIP - Get Free Report) last issued 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). 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 during the quarter, compared to analyst estimates of $151.77 million.

FTAI Infrastructure Dividend Announcement

The business 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 $0.03 dividend. The ex-dividend date of this dividend is Monday, August 25th. This represents a $0.12 dividend on an annualized basis and a yield of 2.9%. FTAI Infrastructure's dividend payout ratio is -7.84%.

Insiders Place Their Bets

In related news, CFO Carl Russell Iv Fletcher purchased 10,000 shares of FTAI Infrastructure stock in a transaction on Thursday, August 21st. The stock was purchased 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 in the company, valued at approximately $134,400. This trade represents a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 1.17% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of FTAI Infrastructure from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price 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.