LPL Financial LLC lifted its holdings in shares of FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) by 106.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 431,483 shares of the company's stock after buying an additional 222,299 shares during the quarter. LPL Financial LLC owned approximately 0.38% of FTAI Infrastructure worth $3,133,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in FIP. Wilmington Savings Fund Society FSB acquired a new stake in FTAI Infrastructure during the 3rd quarter worth $34,000. Castellan Group purchased a new stake in FTAI Infrastructure in the fourth quarter valued at $96,000. Proficio Capital Partners LLC purchased a new position in shares of FTAI Infrastructure during the 4th quarter worth $97,000. Hills Bank & Trust Co acquired a new stake in shares of FTAI Infrastructure during the 4th quarter worth about $103,000. Finally, Versor Investments LP purchased a new stake in FTAI Infrastructure in the 4th quarter valued at about $115,000. Hedge funds and other institutional investors own 87.43% of the company's stock.
FTAI Infrastructure Trading Up 1.6 %
Shares of FIP traded up $0.06 during trading on Thursday, reaching $3.55. 169,895 shares of the company traded hands, compared to its average volume of 1,260,236. The stock has a 50-day simple moving average of $5.02 and a 200-day simple moving average of $7.10. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 6.07. FTAI Infrastructure Inc. has a twelve month low of $3.10 and a twelve month high of $10.45. The stock has a market cap of $403.92 million, a PE ratio of -1.79 and a beta of 1.69.
FTAI Infrastructure Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were paid a $0.03 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 3.39%. FTAI Infrastructure's payout ratio is presently -4.36%.
About FTAI Infrastructure
(
Free Report)
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.
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