FTAI Infrastructure (NASDAQ:FIP) Trading 5.8% Higher - Time to Buy?

Key Points

• FTAI Infrastructure shares increased by 5.8% during mid-day trading, reaching a last traded price of $4.76 after closing at $4.50.
• Wall Street Zen downgraded FTAI Infrastructure from a "hold" to a "sell" rating, although one analyst still maintains a Buy rating with a consensus price target of $12.00.
• FTAI Infrastructure reported a quarterly revenue of $122.29 million, falling short of analysts' expectations of $151.77 million, with earnings per share at ($0.73).

FTAI Infrastructure Inc. (NASDAQ:FIP - Get Free Report)'s stock price was up 5.8% during trading on Monday . The company traded as high as $4.66 and last traded at $4.76. Approximately 50,456 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 1,589,855 shares. The stock had previously closed at $4.50.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of FTAI Infrastructure from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, FTAI Infrastructure has an average rating of "Buy" and an average target price of $12.00.

FTAI Infrastructure Stock Performance

The company's fifty day moving average price is $5.42 and its 200-day moving average price is $5.24. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 13.30.

FTAI Infrastructure (NASDAQ:FIP - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported ($0.73) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.37) by ($0.36). FTAI Infrastructure had a negative net margin of 20.85% and a negative return on equity of 10.14%. The company had revenue of $122.29 million for the quarter, compared to analyst estimates of $151.77 million.

FTAI Infrastructure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 8th. Stockholders of record on Monday, August 25th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, August 25th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.6%. FTAI Infrastructure's payout ratio is -7.84%.

Insider Buying and Selling at FTAI Infrastructure

In related news, CFO Carl Russell Iv Fletcher acquired 10,000 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were purchased at an average cost of $4.48 per share, with a total value of $44,800.00. Following the completion of the acquisition, the chief financial officer directly owned 30,000 shares of the company's stock, valued at $134,400. This represents a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On FTAI Infrastructure

Several hedge funds have recently added to or reduced their stakes in FIP. Long Focus Capital Management LLC boosted its holdings in FTAI Infrastructure by 820.7% in the first quarter. Long Focus Capital Management LLC now owns 4,766,162 shares of the company's stock valued at $21,591,000 after purchasing an additional 4,248,503 shares during the last quarter. American Assets Investment Management LLC raised its position in FTAI Infrastructure by 1,780.5% during the first quarter. American Assets Investment Management LLC now owns 3,584,490 shares of the company's stock valued at $16,238,000 after acquiring an additional 3,393,879 shares in the last quarter. Frontier Capital Management Co. LLC boosted its position in FTAI Infrastructure by 425.7% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 3,639,934 shares of the company's stock worth $22,458,000 after purchasing an additional 2,947,567 shares in the last quarter. Highland Peak Capital LLC increased its holdings in shares of FTAI Infrastructure by 127.4% during the 1st quarter. Highland Peak Capital LLC now owns 3,466,774 shares of the company's stock valued at $15,704,000 after purchasing an additional 1,942,035 shares in the last quarter. Finally, Northern Right Capital Management L.P. purchased a new position in shares of FTAI Infrastructure during the 2nd quarter valued at approximately $5,465,000. 87.43% of the stock is owned by hedge funds and other institutional investors.

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.