FTAI Infrastructure Inc. (NASDAQ:FIP - Get Free Report) reached a new 52-week high on Friday . The company traded as high as $6.78 and last traded at $6.77, with a volume of 420029 shares changing hands. The stock had previously closed at $6.43.
FTAI Infrastructure Stock Performance
The firm has a market capitalization of $706.75 million, a P/E ratio of -3.79 and a beta of 1.51. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 3.25. The company has a 50-day moving average of $5.31 and a 200-day moving average of $4.19.
FTAI Infrastructure (NASDAQ:FIP - Get Free Report) last announced its earnings results on Thursday, February 29th. The company reported ($0.47) earnings per share (EPS) for the quarter. The company had revenue of $81.44 million for the quarter. FTAI Infrastructure had a negative return on equity of 32.27% and a negative net margin of 48.71%.
FTAI Infrastructure Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Wednesday, March 27th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend was Tuesday, March 26th. FTAI Infrastructure's dividend payout ratio is currently -6.67%.
Institutional Trading of FTAI Infrastructure
A number of large investors have recently bought and sold shares of FIP. Barclays PLC grew its stake in shares of FTAI Infrastructure by 53.2% in the 3rd quarter. Barclays PLC now owns 47,720 shares of the company's stock valued at $153,000 after buying an additional 16,564 shares during the period. Jump Financial LLC acquired a new stake in shares of FTAI Infrastructure in the 3rd quarter valued at about $46,000. Pathstone Family Office LLC acquired a new stake in shares of FTAI Infrastructure in the 3rd quarter valued at about $173,000. Bank of New York Mellon Corp grew its stake in shares of FTAI Infrastructure by 1.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 294,067 shares of the company's stock valued at $947,000 after buying an additional 4,939 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of FTAI Infrastructure in the 3rd quarter valued at about $28,000. 87.43% of the stock is currently owned by institutional investors and hedge funds.
FTAI Infrastructure Company Profile
(
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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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