FTAI Infrastructure (NASDAQ:FIP) Trading Down 3.2% - Here's Why

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.

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

Wall Street Analysts Forecast Growth

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, According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $12.00.

FTAI Infrastructure Stock Down 3.3%

The company has a debt-to-equity ratio of 13.30, a quick ratio of 1.49 and a current ratio of 1.49. The company has a market capitalization of $464.96 million, a price-to-earnings ratio of -2.64 and a beta of 1.88. The firm's 50-day simple moving average is $5.75 and its 200-day simple moving average is $5.30.

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

FTAI Infrastructure Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 8th. Investors of record on Monday, August 25th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Monday, August 25th. FTAI Infrastructure's dividend payout ratio (DPR) is -7.84%.

Insider Buying and Selling

In other news, CFO Carl Russell Iv Fletcher bought 10,000 shares of FTAI Infrastructure stock in a transaction that occurred on Thursday, August 21st. The stock was purchased at an average cost of $4.48 per share, with a total value of $44,800.00. Following the completion of the transaction, the chief financial officer directly owned 30,000 shares in the company, valued at $134,400. This trade represents a 50.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.17% of the stock is currently owned by company insiders.

Institutional Trading of FTAI Infrastructure

Several institutional investors have recently made changes to their positions in the business. American Trust acquired a new stake in shares of FTAI Infrastructure during the 2nd quarter valued at about $70,000. Nomura Holdings Inc. acquired a new stake in shares of FTAI Infrastructure during the 2nd quarter valued at about $925,000. Mcintyre Freedman & Flynn Investment Advisers Inc. acquired a new stake in shares of FTAI Infrastructure during the 2nd quarter valued at about $80,000. Tower Research Capital LLC TRC boosted its position in shares of FTAI Infrastructure by 324.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 25,679 shares of the company's stock valued at $158,000 after acquiring an additional 19,628 shares in the last quarter. Finally, Northern Right Capital Management L.P. acquired a new stake in shares of FTAI Infrastructure during the 2nd quarter valued at about $5,465,000. 87.43% of the stock is currently owned by institutional investors and hedge funds.

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.