Long Focus Capital Management LLC Has $21.59 Million Holdings in 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 lifted its stake in FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) by 820.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,766,162 shares of the company's stock after purchasing an additional 4,248,503 shares during the quarter. Long Focus Capital Management LLC owned 4.15% of FTAI Infrastructure worth $21,591,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of FIP. Raymond James Financial Inc. acquired a new stake in shares of FTAI Infrastructure in the fourth quarter worth $347,000. Barclays PLC boosted its position in shares of FTAI Infrastructure by 12.3% in the fourth quarter. Barclays PLC now owns 178,937 shares of the company's stock worth $1,299,000 after buying an additional 19,550 shares during the period. Mariner LLC acquired a new stake in shares of FTAI Infrastructure in the fourth quarter worth $165,000. Dimensional Fund Advisors LP increased its stake in shares of FTAI Infrastructure by 9.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,982,315 shares of the company's stock worth $14,390,000 after acquiring an additional 176,767 shares during the last quarter. Finally, MetLife Investment Management LLC increased its stake in shares of FTAI Infrastructure by 10.0% in the fourth quarter. MetLife Investment Management LLC now owns 65,575 shares of the company's stock worth $476,000 after acquiring an additional 5,961 shares during the last quarter. Institutional investors and hedge funds own 87.43% of the company's stock.

Wall Street Analyst Weigh In

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 company currently has an average rating of "Buy" and a consensus price target of $12.00.

Insider Transactions at FTAI Infrastructure

In other news, CFO Carl Russell Iv Fletcher bought 10,000 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were acquired at an average cost of $4.48 per share, for a total transaction of $44,800.00. Following the purchase, the chief financial officer owned 30,000 shares of the company's stock, valued at $134,400. This represents a 50.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.17% of the company's stock.

FTAI Infrastructure Stock Down 0.9%

Shares of FIP stock traded down $0.04 on Thursday, hitting $4.12. The company's stock had a trading volume of 642,147 shares, compared to its average volume of 1,570,334. The company has a debt-to-equity ratio of 13.30, a current ratio of 1.49 and a quick 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 firm's fifty day moving average price is $5.83 and its 200-day moving average price is $5.35. The stock has a market capitalization of $474.63 million, a price-to-earnings ratio of -2.69 and a beta of 1.87.

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

FTAI Infrastructure Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 8th. Investors of record on Monday, August 25th will be paid a $0.03 dividend. The ex-dividend date 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 (DPR) is presently -7.84%.

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.