Tejara Capital Ltd Invests $1.33 Million in FTAI Infrastructure Inc. $FIP

Key Points

• Tejara Capital Ltd acquired a new stake in FTAI Infrastructure Inc., purchasing 294,500 shares valued at approximately $1,334,000, representing about 0.26% ownership of the company.
• Shares of FTAI Infrastructure have seen a 3.1% decline, currently trading at $4.73, with a market cap of $542.81 million.
• The company announced a quarterly dividend of $0.03 per share, reflecting an annual yield of 2.5% despite a negative payout ratio of -7.84%.

Tejara Capital Ltd bought a new position in shares of FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 294,500 shares of the company's stock, valued at approximately $1,334,000. Tejara Capital Ltd owned approximately 0.26% of FTAI Infrastructure at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Fox Run Management L.L.C. raised its stake in shares of FTAI Infrastructure by 10.5% in the 1st quarter. Fox Run Management L.L.C. now owns 42,367 shares of the company's stock worth $192,000 after buying an additional 4,024 shares in the last quarter. Nuveen LLC bought a new stake in FTAI Infrastructure in the first quarter worth about $1,422,000. Aigen Investment Management LP raised 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. Highland Peak Capital LLC raised its position in FTAI Infrastructure by 127.4% in the first quarter. Highland Peak Capital LLC now owns 3,466,774 shares of the company's stock worth $15,704,000 after acquiring an additional 1,942,035 shares in the last quarter. Finally, American Assets Investment Management LLC raised its position in FTAI Infrastructure by 1,780.5% in the first quarter. American Assets Investment Management LLC now owns 3,584,490 shares of the company's stock worth $16,238,000 after acquiring an additional 3,393,879 shares in the last quarter. Institutional investors own 87.43% of the company's stock.

Wall Street Analyst Weigh In

FIP has been the topic of a number of research reports. Wall Street Zen downgraded shares of FTAI Infrastructure from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. JMP Securities reaffirmed a "market outperform" rating and issued a $12.00 price target on shares of FTAI Infrastructure in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, FTAI Infrastructure currently has a consensus rating of "Buy" and a consensus price target of $12.00.

FTAI Infrastructure Stock Up 1.8%

NASDAQ:FIP traded up $0.08 during trading hours on Wednesday, hitting $4.53. 3,228,735 shares of the company's stock traded hands, compared to its average volume of 2,896,260. The firm has a market cap of $521.36 million, a P/E ratio of -2.96 and a beta of 1.89. FTAI Infrastructure Inc. has a twelve month low of $3.10 and a twelve month high of $9.99. The company has a debt-to-equity ratio of 13.30, a quick ratio of 0.86 and a current ratio of 1.49. The stock's fifty day moving average price is $6.14 and its two-hundred day moving average price is $5.48.

FTAI Infrastructure (NASDAQ:FIP - Get Free Report) last posted its quarterly earnings results 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 company 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 2.6%. FTAI Infrastructure's dividend payout ratio (DPR) is presently -7.84%.

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.