FTAI Infrastructure (NASDAQ:FIP) Hits New 1-Year High at $7.17

Shares of FTAI Infrastructure Inc. (NASDAQ:FIP - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $7.17 and last traded at $7.12, with a volume of 124817 shares trading hands. The stock had previously closed at $7.09.

Wall Street Analyst Weigh In

Separately, BTIG Research began coverage on shares of FTAI Infrastructure in a research note on Thursday, April 18th. They issued a "buy" rating and a $10.00 price target for the company.

FTAI Infrastructure Stock Up 9.7 %

The business's 50 day moving average is $5.72 and its 200-day moving average is $4.42. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.23 and a quick ratio of 1.23. The company has a market cap of $791.18 million, a PE ratio of -4.32 and a beta of 1.50.

FTAI Infrastructure (NASDAQ:FIP - Get Free Report) last issued its quarterly earnings results on Thursday, February 29th. The company reported ($0.47) earnings per share (EPS) for the quarter. FTAI Infrastructure had a negative return on equity of 32.27% and a negative net margin of 48.71%. The firm had revenue of $81.44 million during the quarter.

FTAI Infrastructure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Wednesday, March 27th were given a dividend of $0.03 per share. The ex-dividend date was Tuesday, March 26th. This represents a $0.12 annualized dividend and a dividend yield of 1.54%. FTAI Infrastructure's dividend payout ratio is presently -6.67%.

Institutional Trading of FTAI Infrastructure

Several institutional investors have recently modified their holdings of FIP. Vanguard Group Inc. raised its position in FTAI Infrastructure by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 5,299,036 shares of the company's stock valued at $17,063,000 after purchasing an additional 57,133 shares during the last quarter. American Assets Capital Advisers LLC raised its position in FTAI Infrastructure by 25.9% in the 3rd quarter. American Assets Capital Advisers LLC now owns 4,484,005 shares of the company's stock valued at $14,438,000 after purchasing an additional 923,835 shares during the last quarter. Luxor Capital Group LP raised its position in FTAI Infrastructure by 49.0% in the 4th quarter. Luxor Capital Group LP now owns 4,269,813 shares of the company's stock valued at $16,610,000 after purchasing an additional 1,403,628 shares during the last quarter. Orchard Capital Management LLC raised its position in FTAI Infrastructure by 7.1% in the 4th quarter. Orchard Capital Management LLC now owns 2,471,786 shares of the company's stock valued at $9,615,000 after purchasing an additional 164,023 shares during the last quarter. Finally, Pingora Partners LLC purchased a new stake in FTAI Infrastructure in the 4th quarter valued at $6,102,000. 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.