FTAI Infrastructure (NASDAQ:FIP) Trading Down 5.7% - Should You Sell?

Key Points

• Shares fell 5.7% intraday to about $5.79 on light volume (≈276,643 shares, down 72% vs. average), and Wall Street ratings are mixed (one Buy, one Sell) giving a consensus "Hold" with an average target of $10.00.
• Fundamentals look weak after the company reported a quarterly EPS of ($1.08), missing estimates, with a negative net margin (-31.93%), negative ROE (-147.01%) and a high debt-to-equity ratio (110.28).
• FTAI pays a small quarterly dividend ($0.03, ~2.1% yield annualized) despite a negative payout ratio, and institutional investors own about 87.43% of the stock, including large recent stake increases by Wellington and others.

FTAI Infrastructure Inc. (NASDAQ:FIP - Get Free Report)'s share price dropped 5.7% during mid-day trading on Friday . The company traded as low as $5.82 and last traded at $5.7910. Approximately 276,643 shares were traded during trading, a decline of 72% from the average daily volume of 997,427 shares. The stock had previously closed at $6.14.

Wall Street Analysts Forecast Growth

FIP has been the subject of a number of research reports. Wall Street Zen lowered shares of FTAI Infrastructure from a "hold" rating to a "sell" rating in a report on Saturday, March 21st. BTIG Research reaffirmed a "buy" rating and set a $10.00 target price on shares of FTAI Infrastructure in a report on Friday, February 27th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of FTAI Infrastructure in a report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, FTAI Infrastructure presently has a consensus rating of "Hold" and an average target price of $10.00.

FTAI Infrastructure Price Performance

The company has a debt-to-equity ratio of 110.28, a current ratio of 1.18 and a quick ratio of 1.18. The stock's fifty day moving average is $5.49 and its 200-day moving average is $5.30. The stock has a market cap of $673.30 million, a PE ratio of -2.47 and a beta of 1.90.

FTAI Infrastructure (NASDAQ:FIP - Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The company reported ($1.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.43) by ($0.65). FTAI Infrastructure had a negative net margin of 31.93% and a negative return on equity of 147.01%. The firm had revenue of $143.52 million during the quarter, compared to analysts' expectations of $169.16 million.

FTAI Infrastructure Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Friday, March 13th were issued a $0.03 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.1%. FTAI Infrastructure's dividend payout ratio is currently -5.22%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Fortitude Advisory Group L.L.C. purchased a new position in FTAI Infrastructure during the first quarter worth about $74,000. Mercer Global Advisors Inc. ADV boosted its stake in FTAI Infrastructure by 20.1% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 39,849 shares of the company's stock worth $184,000 after buying an additional 6,678 shares during the period. Wellington Management Group LLP boosted its stake in FTAI Infrastructure by 73.5% during the fourth quarter. Wellington Management Group LLP now owns 11,513,151 shares of the company's stock worth $53,076,000 after buying an additional 4,875,802 shares during the period. Millennium Management LLC boosted its stake in FTAI Infrastructure by 44.0% during the fourth quarter. Millennium Management LLC now owns 532,950 shares of the company's stock worth $2,457,000 after buying an additional 162,964 shares during the period. Finally, Balyasny Asset Management L.P. boosted its stake in FTAI Infrastructure by 144.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 98,448 shares of the company's stock worth $454,000 after buying an additional 58,135 shares during the period. Hedge funds and other institutional investors own 87.43% of the company's stock.

About FTAI Infrastructure

FTAI Infrastructure Ltd NASDAQ: FIP is a closed-end investment company that acquires and manages infrastructure assets offering stable, long-term cash flows. The company targets core and core-plus infrastructure sectors with contracted or regulated revenue streams, aiming to deliver attractive risk-adjusted returns for its shareholders. FTAI Infrastructure’s portfolio is diversified across multiple sub-sectors, geographies and counterparties to manage risk and capture growth opportunities in global infrastructure markets.

The company focuses on three primary investment categories: communications infrastructure, transport and logistics infrastructure, and utility infrastructure.

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