FTAI Infrastructure (NASDAQ:FIP) Trading Down 3.2% - Should You Sell?

Key Points

• FTAI Infrastructure's stock price decreased by 3.2% to $4.35, with a significant drop in trading volume of 96% compared to its average session.
• Wall Street Zen downgraded the company's rating from "hold" to "sell," although one analyst still rates it a "buy" with an average price target of $12.00.
• The company reported a negative EPS of ($0.73) for the last quarter, which was below analysts' expectations, and it also declared a quarterly dividend of $0.03.

FTAI Infrastructure Inc. (NASDAQ:FIP - Get Free Report)'s stock price fell 3.2% during trading on Wednesday . The stock traded as low as $4.37 and last traded at $4.35. 64,795 shares were traded during mid-day trading, a decline of 96% from the average session volume of 1,561,385 shares. The stock had previously closed at $4.49.

Wall Street Analyst Weigh In

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

FTAI Infrastructure Stock Performance

The firm's 50 day moving average is $5.87 and its 200-day moving average is $5.36. The stock has a market capitalization of $487.29 million, a price-to-earnings ratio of -2.77 and a beta of 1.87. The company has a debt-to-equity ratio of 13.30, a quick ratio of 1.49 and a current ratio of 1.49.

FTAI Infrastructure (NASDAQ:FIP - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported ($0.73) 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 business had revenue of $122.29 million during the quarter, compared to analyst estimates of $151.77 million.

FTAI Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 8th. Investors of record on Monday, August 25th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Monday, August 25th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.8%. FTAI Infrastructure's dividend payout ratio is currently -7.84%.

Insider Activity

In other news, CFO Carl Russell Iv Fletcher acquired 10,000 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The stock was purchased at an average price of $4.48 per share, with a total value of $44,800.00. Following the completion of the acquisition, the chief financial officer owned 30,000 shares of the company's stock, valued at $134,400. This trade represents a 50.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.17% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Hood River Capital Management LLC boosted its stake in FTAI Infrastructure by 1.3% during the second quarter. Hood River Capital Management LLC now owns 5,987,061 shares of the company's stock worth $36,940,000 after buying an additional 75,784 shares during the period. Long Focus Capital Management LLC boosted its stake in FTAI Infrastructure by 820.7% during the first quarter. Long Focus Capital Management LLC now owns 4,766,162 shares of the company's stock worth $21,591,000 after buying an additional 4,248,503 shares during the period. Frontier Capital Management Co. LLC boosted its stake in FTAI Infrastructure by 425.7% during the second quarter. Frontier Capital Management Co. LLC now owns 3,639,934 shares of the company's stock worth $22,458,000 after buying an additional 2,947,567 shares during the period. American Assets Investment Management LLC boosted its stake 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 worth $16,238,000 after buying an additional 3,393,879 shares during the period. Finally, Highland Peak Capital LLC lifted its position in shares of FTAI Infrastructure by 127.4% during the first quarter. Highland Peak Capital LLC now owns 3,466,774 shares of the company's stock worth $15,704,000 after purchasing an additional 1,942,035 shares in the last quarter. Hedge funds and other institutional investors own 87.43% of the company's stock.

About FTAI Infrastructure

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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