FTAI Infrastructure (NASDAQ:FIP) Shares Gap Up - Still a Buy?

Shares of FTAI Infrastructure Inc. (NASDAQ:FIP - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $5.00, but opened at $5.32. FTAI Infrastructure shares last traded at $5.35, with a volume of 674,645 shares changing hands.

Analyst Upgrades and Downgrades

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

FTAI Infrastructure Stock Up 1.0%

The stock has a 50 day moving average price of $4.41 and a 200-day moving average price of $6.20. The stock has a market capitalization of $719.55 million, a P/E ratio of -3.17 and a beta of 1.70. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.42 and a quick ratio of 1.42.

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

FTAI Infrastructure Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend was Monday, May 19th. FTAI Infrastructure's dividend payout ratio (DPR) is presently -9.09%.

Institutional Investors Weigh In On FTAI Infrastructure

Large investors have recently added to or reduced their stakes in the company. Rhumbline Advisers grew its stake in shares of FTAI Infrastructure by 1.4% in the fourth quarter. Rhumbline Advisers now owns 158,513 shares of the company's stock worth $1,151,000 after purchasing an additional 2,141 shares during the last quarter. Arizona State Retirement System grew its stake in shares of FTAI Infrastructure by 10.1% in the fourth 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 last quarter. Stephens Inc. AR grew its position in shares of FTAI Infrastructure by 10.6% in the 1st quarter. Stephens Inc. AR now owns 33,450 shares of the company's stock worth $152,000 after buying an additional 3,200 shares during the last quarter. Invesco Ltd. grew its position in shares of FTAI Infrastructure by 1.8% in the 4th quarter. Invesco Ltd. now owns 196,041 shares of the company's stock worth $1,423,000 after buying an additional 3,409 shares during the last quarter. Finally, Aigen Investment Management LP grew its position in shares of FTAI Infrastructure by 16.9% in the 1st quarter. Aigen Investment Management LP now owns 24,647 shares of the company's stock worth $112,000 after buying an additional 3,568 shares during the last quarter. Institutional investors own 87.43% of the company's stock.

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.