Schonfeld Strategic Advisors LLC reduced its holdings in FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) by 55.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,060,752 shares of the company's stock after selling 1,327,638 shares during the quarter. Schonfeld Strategic Advisors LLC owned approximately 0.93% of FTAI Infrastructure worth $7,701,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in FIP. Wilmington Savings Fund Society FSB acquired a new stake in shares of FTAI Infrastructure during the 3rd quarter worth $34,000. Morey & Quinn Wealth Partners LLC acquired a new stake in FTAI Infrastructure during the fourth quarter worth about $84,000. Castellan Group purchased a new position in shares of FTAI Infrastructure in the 4th quarter worth about $96,000. Proficio Capital Partners LLC acquired a new position in shares of FTAI Infrastructure in the 4th quarter valued at about $97,000. Finally, Hills Bank & Trust Co purchased a new stake in shares of FTAI Infrastructure during the 4th quarter worth about $103,000. 87.43% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, JMP Securities reaffirmed a "market outperform" rating and set a $12.00 price target on shares of FTAI Infrastructure in a research report on Tuesday, April 22nd.
Read Our Latest Analysis on FTAI Infrastructure
FTAI Infrastructure Stock Up 3.8 %
NASDAQ FIP traded up $0.17 during trading hours on Wednesday, hitting $4.57. The company had a trading volume of 146,614 shares, compared to its average volume of 1,328,933. The firm's 50 day moving average is $4.42 and its 200 day moving average is $6.58. 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 Inc. has a fifty-two week low of $3.10 and a fifty-two week high of $10.46. The company has a market capitalization of $523.88 million, a price-to-earnings ratio of -2.30 and a beta of 1.70.
FTAI Infrastructure Announces Dividend
The business also recently announced 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. The ex-dividend date was Friday, March 14th. This represents a $0.12 annualized dividend and a dividend yield of 2.63%. FTAI Infrastructure's payout ratio is currently -4.36%.
FTAI Infrastructure Company Profile
(
Free Report)
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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