Marshall Wace LLP Takes Position in FTAI Infrastructure Inc. (NASDAQ:FIP)

Marshall Wace LLP acquired a new stake in shares of FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 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 reporting period.

Several other large investors have also modified their holdings of FIP. Wilmington Savings Fund Society FSB acquired a new stake in FTAI Infrastructure during the third quarter worth about $34,000. Morey & Quinn Wealth Partners LLC acquired a new stake in FTAI Infrastructure during the 4th quarter worth approximately $84,000. Castellan Group purchased 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 during the fourth quarter valued at approximately $97,000. Finally, Hills Bank & Trust Co purchased a new stake in FTAI Infrastructure during the fourth quarter worth approximately $103,000. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

FTAI Infrastructure Stock Up 4.9 %

FTAI Infrastructure stock traded up $0.21 during midday trading on Friday, hitting $4.51. 829,555 shares of the company were exchanged, compared to its average volume of 1,341,302. The company has a market cap of $517.57 million, a PE ratio of -2.28 and a beta of 1.69. FTAI Infrastructure Inc. has a fifty-two week low of $3.10 and a fifty-two week high of $10.46. The company's fifty day moving average price is $4.47 and its 200-day moving average price is $6.63. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.42 and a quick ratio of 1.42.

FTAI Infrastructure Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Friday, March 14th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date was Friday, March 14th. FTAI Infrastructure's payout ratio is -4.36%.

Wall Street Analyst Weigh In

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

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.