Squarepoint Ops LLC Raises Stock Position in FTAI Infrastructure Inc. (NASDAQ:FIP)

Squarepoint Ops LLC increased its stake in FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) by 563.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 235,070 shares of the company's stock after purchasing an additional 199,617 shares during the quarter. Squarepoint Ops LLC owned 0.21% of FTAI Infrastructure worth $1,707,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FIP. Rhumbline Advisers increased its holdings in FTAI Infrastructure by 1.4% in the 4th quarter. Rhumbline Advisers now owns 158,513 shares of the company's stock valued at $1,151,000 after acquiring an additional 2,141 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of FTAI Infrastructure by 10.1% during the 4th quarter. Arizona State Retirement System now owns 32,231 shares of the company's stock worth $234,000 after purchasing an additional 2,948 shares during the period. Invesco Ltd. boosted its position in FTAI Infrastructure by 1.8% in the 4th quarter. Invesco Ltd. now owns 196,041 shares of the company's stock valued at $1,423,000 after buying an additional 3,409 shares during the period. Pictet Asset Management Holding SA boosted its position in FTAI Infrastructure by 19.3% in the 4th quarter. Pictet Asset Management Holding SA now owns 22,326 shares of the company's stock valued at $162,000 after buying an additional 3,610 shares during the period. Finally, Aigen Investment Management LP boosted its position in FTAI Infrastructure by 29.2% in the 4th quarter. Aigen Investment Management LP now owns 21,079 shares of the company's stock valued at $153,000 after buying an additional 4,760 shares during the period. Hedge funds and other institutional investors own 87.43% of the company's stock.

FTAI Infrastructure Stock Up 3.4%

Shares of NASDAQ FIP traded up $0.20 during trading hours on Tuesday, hitting $6.04. 1,347,185 shares of the stock were exchanged, compared to its average volume of 1,325,472. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 6.07. FTAI Infrastructure Inc. has a 12 month low of $3.10 and a 12 month high of $10.46. The company has a market cap of $693.16 million, a PE ratio of -3.05 and a beta of 1.70. The firm has a fifty day moving average price of $4.51 and a 200-day moving average price of $6.10.

FTAI Infrastructure (NASDAQ:FIP - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.34) by $1.23. FTAI Infrastructure had a negative net margin of 44.32% and a negative return on equity of 46.25%. The business had revenue of $96.16 million for the quarter, compared to analyst estimates of $107.84 million.

FTAI Infrastructure Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th were paid a dividend of $0.03 per share. The ex-dividend date was Monday, May 19th. This represents a $0.12 dividend on an annualized basis and a yield of 1.99%. FTAI Infrastructure's payout ratio is -9.09%.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reaffirmed a "market outperform" rating and issued a $12.00 price target on shares of FTAI Infrastructure in a research report on Tuesday, April 22nd.

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.