Marshall Wace LLP purchased a new position in shares of FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 233,046 shares of the company's stock, valued at approximately $1,692,000. Marshall Wace LLP owned about 0.20% of FTAI Infrastructure at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of FTAI Infrastructure during the third quarter worth about $34,000. Morey & Quinn Wealth Partners LLC acquired a new position in FTAI Infrastructure in the fourth quarter valued at approximately $84,000. Castellan Group acquired a new position in FTAI Infrastructure in the fourth quarter valued at approximately $96,000. Proficio Capital Partners LLC acquired a new position in FTAI Infrastructure in the fourth quarter valued at approximately $97,000. Finally, Hills Bank & Trust Co acquired a new position in FTAI Infrastructure in the fourth quarter valued at approximately $103,000. 87.43% of the stock is currently owned by institutional investors.
FTAI Infrastructure Price Performance
Shares of NASDAQ:FIP opened at $4.33 on Tuesday. 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 $10.46. The stock's 50 day moving average is $4.59 and its 200-day moving average is $6.77. The firm has a market capitalization of $496.92 million, a price-to-earnings ratio of -2.19 and a beta of 1.69.
FTAI Infrastructure Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend was Friday, March 14th. FTAI Infrastructure's payout ratio is -4.36%.
Analyst Ratings Changes
Separately, JMP Securities reissued a "market outperform" rating and issued a $12.00 price target on shares of FTAI Infrastructure in a research note on Tuesday, April 22nd.
Check Out Our Latest Stock Report on FIP
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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