NASDAQ:FIP - Get Free Report ) shares reached a new 52-week high on Thursday . The stock traded as high as $7.82 and last traded at $7.74, with a volume of 191301 shares. The stock had previously closed at $7.51.
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Wall Street Analyst Weigh In Separately, BTIG Research started coverage on FTAI Infrastructure in a research note on Thursday, April 18th. They issued a "buy" rating and a $10.00 price target on the stock.
Read Our Latest Stock Report on FTAI Infrastructure
FTAI Infrastructure Price Performance The company has a fifty day moving average of $6.37 and a 200 day moving average of $4.74. The firm has a market capitalization of $793.21 million, a P/E ratio of -4.32 and a beta of 1.29. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.23 and a quick ratio of 1.23.
FTAI Infrastructure (NASDAQ:FIP - Get Free Report ) last announced its earnings results on Thursday, February 29th. The company reported ($0.47) EPS for the quarter. FTAI Infrastructure had a negative net margin of 48.71% and a negative return on equity of 32.27%. The company had revenue of $81.44 million during the quarter.
FTAI Infrastructure Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Friday, May 17th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.54%. The ex-dividend date is Thursday, May 16th. FTAI Infrastructure's dividend payout ratio (DPR) is presently -6.67%.
Hedge Funds Weigh In On FTAI Infrastructure A number of institutional investors have recently modified their holdings of FIP. SG Americas Securities LLC acquired a new position in shares of FTAI Infrastructure during the third quarter worth approximately $139,000. Bank of New York Mellon Corp raised its position in 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 last quarter. Brown Advisory Inc. purchased a new stake in FTAI Infrastructure in the 3rd quarter valued at $68,000. Allspring Global Investments Holdings LLC purchased a new stake in FTAI Infrastructure in the 3rd quarter valued at $28,000. Finally, Principal Financial Group Inc. raised its position in FTAI Infrastructure by 39.5% in the 3rd quarter. Principal Financial Group Inc. now owns 14,653 shares of the company's stock valued at $47,000 after buying an additional 4,146 shares during the last quarter. 87.43% of the stock is 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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