FTAI Infrastructure Inc. (NASDAQ:FIP - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $6.04, but opened at $6.28. FTAI Infrastructure shares last traded at $6.34, with a volume of 272,837 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, JMP Securities reissued a "market outperform" rating and issued a $12.00 price objective on shares of FTAI Infrastructure in a report on Tuesday, April 22nd.
View Our Latest Stock Analysis on FIP
FTAI Infrastructure Trading Up 1.3%
The stock has a market capitalization of $739.06 million, a price-to-earnings ratio of -3.25 and a beta of 1.95. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 6.07. The company has a fifty day moving average of $4.62 and a two-hundred day moving average of $6.07.
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 for the quarter, beating analysts' consensus estimates of ($0.34) by $1.23. The firm had revenue of $96.16 million for the quarter, compared to the consensus estimate of $107.84 million. FTAI Infrastructure had a negative return on equity of 46.25% and a negative net margin of 44.32%.
FTAI Infrastructure Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 19th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.86%. The ex-dividend date was Monday, May 19th. FTAI Infrastructure's payout ratio is currently -9.09%.
Institutional Investors Weigh In On FTAI Infrastructure
Several institutional investors and hedge funds have recently made changes to their positions in the business. Morey & Quinn Wealth Partners LLC purchased a new stake in shares of FTAI Infrastructure in the fourth quarter valued at $84,000. Castellan Group acquired a new position in shares of FTAI Infrastructure in the 4th quarter valued at about $96,000. Proficio Capital Partners LLC acquired a new position in FTAI Infrastructure during the fourth quarter valued at approximately $97,000. Hills Bank & Trust Co purchased a new stake in FTAI Infrastructure during the 4th quarter worth $103,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of FTAI Infrastructure in the first quarter worth about $68,000. 87.43% of the stock is currently owned by hedge funds and other institutional investors.
FTAI Infrastructure Company Profile
(
Get Free Report)
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.
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