FTAI Infrastructure Target of Unusually High Options Trading (NASDAQ:FIP)

FTAI Infrastructure Inc. (NASDAQ:FIP - Get Free Report) saw some unusual options trading activity on Wednesday. Stock investors purchased 5,241 put options on the stock. This is an increase of approximately 1,091% compared to the typical daily volume of 440 put options.

FTAI Infrastructure Trading Up 1.3%

Shares of FTAI Infrastructure stock traded up $0.08 on Friday, hitting $6.44. 959,422 shares of the company's stock traded hands, compared to its average volume of 1,324,061. The firm's 50-day moving average price is $4.62 and its two-hundred day moving average price is $6.07. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a market capitalization of $739.06 million, a PE ratio of -3.25 and a beta of 1.95. FTAI Infrastructure has a one year low of $3.10 and a one year high of $10.46.

FTAI Infrastructure (NASDAQ:FIP - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.89 EPS for the quarter, topping analysts' consensus estimates of ($0.34) by $1.23. FTAI Infrastructure had a negative return on equity of 46.25% and a negative net margin of 44.32%. The business had revenue of $96.16 million during the quarter, compared to analysts' expectations of $107.84 million.

FTAI Infrastructure Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th were paid a $0.03 dividend. The ex-dividend date was Monday, May 19th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.86%. FTAI Infrastructure's dividend payout ratio (DPR) is presently -9.09%.

Institutional Trading of FTAI Infrastructure

A number of hedge funds have recently modified their holdings of FIP. SG Americas Securities LLC grew its holdings in FTAI Infrastructure by 80.1% during the fourth quarter. SG Americas Securities LLC now owns 53,420 shares of the company's stock valued at $388,000 after purchasing an additional 23,766 shares during the period. Castellan Group bought a new position in shares of FTAI Infrastructure during the fourth quarter worth $96,000. Rhumbline Advisers grew its holdings in shares of FTAI Infrastructure by 1.4% in the 4th quarter. Rhumbline Advisers now owns 158,513 shares of the company's stock valued at $1,151,000 after buying an additional 2,141 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of FTAI Infrastructure in the 4th quarter valued at $97,000. Finally, Versor Investments LP acquired a new stake in FTAI Infrastructure during the 4th quarter worth $115,000. 87.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.