Traders Buy Large Volume of FTAI Infrastructure Call Options (NASDAQ:FIP)

FTAI Infrastructure Inc. (NASDAQ:FIP - Get Free Report) was the recipient of unusually large options trading activity on Tuesday. Traders purchased 2,382 call options on the stock. This represents an increase of approximately 485% compared to the average volume of 407 call options.

Institutional Investors Weigh In On FTAI Infrastructure

A number of institutional investors have recently modified their holdings of the stock. Rhumbline Advisers boosted its stake in shares of FTAI Infrastructure by 1.4% during the 4th quarter. Rhumbline Advisers now owns 158,513 shares of the company's stock valued at $1,151,000 after buying an additional 2,141 shares during the period. Arizona State Retirement System boosted its stake in shares of FTAI Infrastructure by 10.1% during the 4th quarter. Arizona State Retirement System now owns 32,231 shares of the company's stock valued at $234,000 after buying an additional 2,948 shares during the period. Stephens Inc. AR boosted its stake in shares of FTAI Infrastructure by 10.6% during the 1st quarter. Stephens Inc. AR now owns 33,450 shares of the company's stock valued at $152,000 after buying an additional 3,200 shares during the period. Invesco Ltd. boosted its stake in shares of FTAI Infrastructure by 1.8% during the 4th quarter. Invesco Ltd. now owns 196,041 shares of the company's stock valued at $1,423,000 after buying an additional 3,409 shares during the period. Finally, Aigen Investment Management LP boosted its stake in shares of FTAI Infrastructure by 16.9% during the 1st quarter. Aigen Investment Management LP now owns 24,647 shares of the company's stock valued at $112,000 after buying an additional 3,568 shares during the period. Institutional investors and hedge funds own 87.43% of the company's stock.

Analysts Set New Price Targets

Separately, JMP Securities reiterated a "market outperform" rating and set a $12.00 price objective on shares of FTAI Infrastructure in a research report on Tuesday, April 22nd.

FTAI Infrastructure Trading Up 0.8%

NASDAQ FIP traded up $0.05 on Friday, hitting $6.14. 1,056,131 shares of the stock were exchanged, compared to its average volume of 1,355,476. FTAI Infrastructure has a 52-week low of $3.10 and a 52-week high of $10.46. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market capitalization of $704.63 million, a price-to-earnings ratio of -3.10 and a beta of 1.70. The company's 50-day moving average price is $4.47 and its two-hundred day moving average price is $6.16.

FTAI Infrastructure (NASDAQ:FIP - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.89 earnings per share for the quarter, topping the consensus estimate of ($0.34) by $1.23. FTAI Infrastructure had a negative net margin of 44.32% and a negative return on equity of 46.25%. The firm had revenue of $96.16 million for the quarter, compared to analysts' expectations of $107.84 million.

FTAI Infrastructure Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date was Monday, May 19th. FTAI Infrastructure's dividend payout ratio (DPR) is currently -9.09%.

About FTAI Infrastructure

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.