Tudor Investment Corp ET AL Takes $699,000 Position in FTAI Infrastructure Inc. (NASDAQ:FIP)

Tudor Investment Corp ET AL bought a new stake in FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 96,297 shares of the company's stock, valued at approximately $699,000. Tudor Investment Corp ET AL owned 0.08% of FTAI Infrastructure at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of FTAI Infrastructure during the third quarter worth about $34,000. Morey & Quinn Wealth Partners LLC acquired a new position in shares of FTAI Infrastructure in the fourth quarter valued at approximately $84,000. Castellan Group bought a new stake in shares of FTAI Infrastructure during the fourth quarter worth $96,000. Proficio Capital Partners LLC acquired a new stake in shares of FTAI Infrastructure during the fourth quarter worth $97,000. Finally, Hills Bank & Trust Co acquired a new position in FTAI Infrastructure in the 4th quarter worth $103,000. 87.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, JMP Securities restated a "market outperform" rating and issued a $12.00 price target on shares of FTAI Infrastructure in a report on Tuesday, April 22nd.

FTAI Infrastructure Stock Down 1.3 %

Shares of FIP stock traded down $0.06 during trading on Friday, reaching $4.60. The company's stock had a trading volume of 3,314,978 shares, compared to its average volume of 1,338,754. FTAI Infrastructure Inc. has a one year low of $3.10 and a one year high of $10.46. The business has a fifty day moving average price of $4.37 and a 200-day moving average price of $6.51. The company has a market cap of $527.90 million, a price-to-earnings ratio of -2.32 and a beta of 1.70. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 6.07.

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

FTAI Infrastructure Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend is Monday, May 19th. FTAI Infrastructure's dividend payout ratio is currently -4.36%.

FTAI Infrastructure 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.