FTAI Infrastructure Inc. $FIP is Pingora Partners LLC's 3rd Largest Position

Key Points

• Pingora Partners LLC increased its stakes in FTAI Infrastructure by 4.9%, owning 1,490,744 shares after acquiring an additional 69,475 shares, making it the firm's third largest holding.
• FTAI Infrastructure's stock was recently downgraded from a "hold" to a "sell" rating by analysts, but still holds a consensus price target of $12.00.
• The company announced a quarterly dividend of $0.03 per share, reflecting an annualized dividend of $0.12 and a dividend yield of 2.9%.

Pingora Partners LLC increased its stake in shares of FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) by 4.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,490,744 shares of the company's stock after buying an additional 69,475 shares during the quarter. FTAI Infrastructure comprises approximately 5.0% of Pingora Partners LLC's holdings, making the stock its 3rd largest position. Pingora Partners LLC owned 1.30% of FTAI Infrastructure worth $6,753,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Long Focus Capital Management LLC grew its stake in FTAI Infrastructure by 820.7% during the 1st quarter. Long Focus Capital Management LLC now owns 4,766,162 shares of the company's stock worth $21,591,000 after buying an additional 4,248,503 shares during the last quarter. American Assets Investment Management LLC grew its stake in FTAI Infrastructure by 1,780.5% during the 1st quarter. American Assets Investment Management LLC now owns 3,584,490 shares of the company's stock worth $16,238,000 after buying an additional 3,393,879 shares during the last quarter. Highland Peak Capital LLC grew its stake in FTAI Infrastructure by 127.4% during the 1st quarter. Highland Peak Capital LLC now owns 3,466,774 shares of the company's stock worth $15,704,000 after buying an additional 1,942,035 shares during the last quarter. Balyasny Asset Management L.P. grew its stake in FTAI Infrastructure by 49.3% during the 4th 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 during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in FTAI Infrastructure by 9.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,982,315 shares of the company's stock worth $14,390,000 after buying an additional 176,767 shares during the last quarter. 87.43% of the stock is currently owned by institutional investors.

FTAI Infrastructure Price Performance

Shares of FTAI Infrastructure stock traded up $0.23 during trading on Thursday, hitting $4.45. The stock had a trading volume of 822,388 shares, compared to its average volume of 1,591,016. 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 firm has a market cap of $511.58 million, a P/E ratio of -2.90 and a beta of 1.87. The business has a fifty day moving average of $5.62 and a two-hundred day moving average of $5.27. FTAI Infrastructure Inc. has a fifty-two week low of $3.10 and a fifty-two week 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 the consensus estimate of ($0.37) by ($0.36). The firm 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 disclosed a quarterly dividend, which was paid on Monday, September 8th. Stockholders of record on Monday, August 25th were issued a $0.03 dividend. The ex-dividend date was Monday, August 25th. This represents a $0.12 annualized dividend and a dividend yield of 2.7%. FTAI Infrastructure's dividend payout ratio is -7.84%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded FTAI Infrastructure from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, FTAI Infrastructure currently has an average rating of "Buy" and a consensus target price of $12.00.

Insider Buying and Selling at FTAI Infrastructure

In other news, CFO Carl Russell Iv Fletcher acquired 10,000 shares of the business's stock in a transaction dated Thursday, August 21st. The stock was acquired at an average price of $4.48 per share, for a total transaction of $44,800.00. Following the completion of the acquisition, the chief financial officer directly owned 30,000 shares in the company, valued at $134,400. This represents a 50.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 2.40% of the stock is currently owned by company insiders.

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.