Shares of FTAI Infrastructure Inc. (NASDAQ:FIP - Get Free Report) gapped up before the market opened 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 traded.
Wall Street Analyst Weigh In
Separately, JMP Securities reiterated a "market outperform" rating and set a $12.00 price objective on shares of FTAI Infrastructure in a research report on Tuesday, April 22nd.
Check Out Our Latest Stock Report on FTAI Infrastructure
FTAI Infrastructure Stock Performance
The stock's 50-day moving average is $4.54 and its 200-day moving average is $6.10. The firm has a market capitalization of $729.88 million, a price-to-earnings ratio of -3.21 and a beta of 1.70. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 6.07.
FTAI Infrastructure (NASDAQ:FIP - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.34) by $1.23. The business had revenue of $96.16 million during the quarter, compared to analysts' expectations of $107.84 million. FTAI Infrastructure had a negative net margin of 44.32% and a negative return on equity of 46.25%.
FTAI Infrastructure Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 19th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date was Monday, May 19th. FTAI Infrastructure's dividend payout ratio is -9.09%.
Institutional Investors Weigh In On FTAI Infrastructure
Institutional investors have recently added to or reduced their stakes in the business. Teacher Retirement System of Texas bought a new stake in FTAI Infrastructure during the 1st quarter worth approximately $68,000. Morey & Quinn Wealth Partners LLC bought a new stake in FTAI Infrastructure during the 4th quarter worth approximately $84,000. Castellan Group bought a new stake in FTAI Infrastructure during the 4th quarter worth approximately $96,000. Proficio Capital Partners LLC bought a new stake in FTAI Infrastructure during the 4th quarter worth approximately $97,000. Finally, Hills Bank & Trust Co bought a new stake in FTAI Infrastructure during the 4th quarter worth approximately $103,000. 87.43% of the stock is owned by institutional investors.
FTAI Infrastructure Company Profile
(
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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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