FTAI Infrastructure Inc. (NASDAQ:FIP) Shares Acquired by Hood River Capital Management LLC

Hood River Capital Management LLC increased its holdings in shares of FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) by 32.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,891,840 shares of the company's stock after acquiring an additional 1,452,567 shares during the quarter. Hood River Capital Management LLC owned about 5.18% of FTAI Infrastructure worth $42,775,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FIP. Rhumbline Advisers increased its position in FTAI Infrastructure by 1.4% during the fourth quarter. Rhumbline Advisers now owns 158,513 shares of the company's stock worth $1,151,000 after purchasing an additional 2,141 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of FTAI Infrastructure by 10.1% during the 4th quarter. Arizona State Retirement System now owns 32,231 shares of the company's stock worth $234,000 after buying an additional 2,948 shares during the last quarter. Invesco Ltd. lifted its holdings in FTAI Infrastructure by 1.8% in the fourth quarter. Invesco Ltd. now owns 196,041 shares of the company's stock valued at $1,423,000 after acquiring an additional 3,409 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in FTAI Infrastructure in the third quarter worth approximately $34,000. Finally, Pictet Asset Management Holding SA increased its stake in FTAI Infrastructure by 19.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 22,326 shares of the company's stock worth $162,000 after acquiring an additional 3,610 shares during the last quarter. Hedge funds and other institutional investors own 87.43% of the company's stock.

Analysts Set New Price Targets

Separately, JMP Securities reaffirmed a "market outperform" rating and issued a $12.00 price target on shares of FTAI Infrastructure in a research note on Tuesday, April 22nd.

FTAI Infrastructure Trading Down 0.8 %

FTAI Infrastructure stock traded down $0.04 during trading on Monday, hitting $4.33. The company had a trading volume of 363,778 shares, compared to its average volume of 1,353,576. The stock has a market cap of $496.34 million, a price-to-earnings ratio of -2.19 and a beta of 1.69. 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 Inc. has a 1-year low of $3.10 and a 1-year high of $10.46. The company's 50 day simple moving average is $4.63 and its 200-day simple moving average is $6.80.

FTAI Infrastructure Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th were issued a dividend of $0.03 per share. The ex-dividend date was Friday, March 14th. This represents a $0.12 dividend on an annualized basis and a yield of 2.77%. FTAI Infrastructure's dividend payout ratio (DPR) is presently -4.36%.

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.