Philadelphia Financial Management of San Francisco LLC Sells 1,360,262 Shares of FTAI Infrastructure Inc. $FIP

Key Points

• Philadelphia Financial Management of San Francisco LLC reduced its stake in FTAI Infrastructure Inc. by 38.3% during the first quarter, leaving it with 2,192,479 shares.
• FTAI Infrastructure reported a loss of $0.73 per share for the latest quarter, which was below analysts' expectations, with revenues also falling short at $122.29 million.
• The company recently declared a quarterly dividend of $0.03 per share, translating to an annualized dividend yield of 2.9%.

Philadelphia Financial Management of San Francisco LLC decreased its stake in FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) by 38.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,192,479 shares of the company's stock after selling 1,360,262 shares during the quarter. FTAI Infrastructure makes up 1.9% of Philadelphia Financial Management of San Francisco LLC's portfolio, making the stock its 24th biggest holding. Philadelphia Financial Management of San Francisco LLC owned 1.91% of FTAI Infrastructure worth $9,932,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Stephens Inc. AR raised its stake in FTAI Infrastructure by 10.6% in the first quarter. Stephens Inc. AR now owns 33,450 shares of the company's stock worth $152,000 after buying an additional 3,200 shares in the last quarter. Aigen Investment Management LP grew its holdings 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 acquiring an additional 3,568 shares during the period. Fox Run Management L.L.C. boosted its position 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 in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of FTAI Infrastructure by 18.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 38,998 shares of the company's stock valued at $284,000 after purchasing an additional 5,973 shares during the period. Finally, California State Teachers Retirement System grew its holdings in shares of FTAI Infrastructure by 7.3% during the fourth quarter. California State Teachers Retirement System now owns 103,091 shares of the company's stock worth $748,000 after buying an additional 7,013 shares in the last quarter. Institutional investors own 87.43% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered FTAI Infrastructure from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $12.00.

FTAI Infrastructure Stock Performance

FTAI Infrastructure stock traded down $0.04 during trading on Tuesday, hitting $4.00. The company's stock had a trading volume of 2,286,299 shares, compared to its average volume of 2,821,203. FTAI Infrastructure Inc. has a 1-year low of $3.10 and a 1-year high of $9.96. The company has a debt-to-equity ratio of 13.30, a quick ratio of 1.49 and a current ratio of 1.49. The stock's fifty day moving average is $5.71 and its 200 day moving average is $5.29.

FTAI Infrastructure (NASDAQ:FIP - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported ($0.73) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($0.36). The firm had revenue of $122.29 million during the quarter, compared to analysts' expectations 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 announced 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 3.0%. FTAI Infrastructure's payout ratio is -7.84%.

Insider Buying and Selling at FTAI Infrastructure

In other news, CFO Carl Russell Iv Fletcher purchased 10,000 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were bought at an average price of $4.48 per share, with a total value of $44,800.00. Following the completion of the transaction, the chief financial officer directly owned 30,000 shares in the company, valued at $134,400. This trade represents a 50.00% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.17% of the stock is owned by corporate insiders.

FTAI Infrastructure 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.