FTAI Infrastructure Sees Unusually High Options Volume (NASDAQ:FIP)

FTAI Infrastructure Inc. (NASDAQ:FIP - Get Free Report) was the recipient of unusually large options trading on Wednesday. Stock investors bought 5,241 put options on the stock. This is an increase of 1,091% compared to the typical volume of 440 put options.

Wall Street Analyst Weigh In

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

FTAI Infrastructure Stock Performance

NASDAQ FIP traded up $0.25 on Thursday, hitting $6.36. 1,138,878 shares of the stock traded hands, compared to its average volume of 1,322,426. The business's fifty day moving average is $4.54 and its two-hundred day moving average is $6.10. FTAI Infrastructure has a 12 month low of $3.10 and a 12 month high of $10.46. The firm has a market capitalization of $729.88 million, a price-to-earnings ratio of -3.21 and a beta of 1.70. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.42 and a current ratio of 1.42.

FTAI Infrastructure (NASDAQ:FIP - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $96.16 million during the quarter, compared to analyst estimates of $107.84 million.

FTAI Infrastructure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 19th were given 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 1.89%. FTAI Infrastructure's dividend payout ratio (DPR) is presently -9.09%.

Institutional Investors Weigh In On FTAI Infrastructure

Institutional investors and hedge funds have recently made changes to their positions in the business. Teacher Retirement System of Texas purchased a new stake in FTAI Infrastructure during the first quarter valued at about $68,000. Morey & Quinn Wealth Partners LLC purchased a new stake in FTAI Infrastructure during the fourth quarter valued at about $84,000. Castellan Group purchased a new stake in FTAI Infrastructure during the fourth quarter valued at about $96,000. Proficio Capital Partners LLC purchased a new stake in FTAI Infrastructure during the fourth quarter valued at about $97,000. Finally, Hills Bank & Trust Co purchased a new stake in FTAI Infrastructure during the fourth quarter valued at about $103,000. Hedge funds and other institutional investors own 87.43% of the company's stock.

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.