PDT Partners LLC Acquires 143,608 Shares of FTAI Infrastructure Inc. (NASDAQ:FIP)

PDT Partners LLC grew its holdings in FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) by 81.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 320,061 shares of the company's stock after buying an additional 143,608 shares during the quarter. PDT Partners LLC owned approximately 0.28% of FTAI Infrastructure worth $2,324,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of FTAI Infrastructure by 12.6% during the 4th quarter. Vanguard Group Inc. now owns 6,537,542 shares of the company's stock worth $47,463,000 after acquiring an additional 730,895 shares during the period. Hood River Capital Management LLC boosted its position in shares of FTAI Infrastructure by 32.7% during the fourth quarter. Hood River Capital Management LLC now owns 5,891,840 shares of the company's stock valued at $42,775,000 after purchasing an additional 1,452,567 shares in the last quarter. Capital International Investors grew its stake in FTAI Infrastructure by 17.0% in the fourth quarter. Capital International Investors now owns 5,345,350 shares of the company's stock worth $38,807,000 after purchasing an additional 778,376 shares during the period. Geode Capital Management LLC raised its holdings in FTAI Infrastructure by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 2,499,861 shares of the company's stock worth $18,153,000 after purchasing an additional 72,560 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in FTAI Infrastructure by 9.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,982,315 shares of the company's stock worth $14,390,000 after purchasing an additional 176,767 shares in the last quarter. 87.43% of the stock is currently owned by institutional investors.

FTAI Infrastructure Stock Up 4.9 %

Shares of FIP traded up $0.21 during mid-day trading on Friday, reaching $4.51. The company had a trading volume of 829,555 shares, compared to its average volume of 1,341,302. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market capitalization of $517.57 million, a price-to-earnings ratio of -2.28 and a beta of 1.69. The firm has a 50-day moving average price of $4.47 and a 200 day moving average price of $6.64. FTAI Infrastructure Inc. has a 52 week low of $3.10 and a 52 week high of $10.46.

FTAI Infrastructure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 2.66%. The ex-dividend date was Friday, March 14th. FTAI Infrastructure's dividend payout ratio (DPR) is -4.36%.

Analyst Upgrades and Downgrades

Separately, JMP Securities reaffirmed a "market outperform" rating and issued a $12.00 target price on shares of FTAI Infrastructure in a research report 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.