FTAI Infrastructure (NASDAQ:FIP) Sets New 12-Month High at $9.27

FTAI Infrastructure Inc. (NASDAQ:FIP) shares reached a new 52-week high on Wednesday . The company traded as high as $9.27 and last traded at $9.21, with a volume of 91876 shares trading hands. The stock had previously closed at $9.14.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. JMP Securities assumed coverage on shares of FTAI Infrastructure in a research note on Wednesday, June 26th. They set a “market outperform” rating and a $11.00 price target for the company. BTIG Research boosted their target price on FTAI Infrastructure from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Thursday, June 6th.

FTAI Infrastructure Trading Up 5.0 %

The firm’s 50-day moving average price is $8.05 and its 200-day moving average price is $6.05. The company has a market cap of $976.22 million, a P/E ratio of -4.95 and a beta of 1.32. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 3.95.

FTAI Infrastructure (NASDAQ:FIP) last posted its earnings results on Tuesday, May 7th. The company reported ($0.54) earnings per share (EPS) for the quarter. The company had revenue of $82.54 million for the quarter. FTAI Infrastructure had a negative return on equity of 37.21% and a negative net margin of 49.44%.

FTAI Infrastructure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 29th. Shareholders of record on Friday, May 17th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Thursday, May 16th. FTAI Infrastructure’s payout ratio is presently -6.19%.

Institutional Trading of FTAI Infrastructure

Several institutional investors and hedge funds have recently bought and sold shares of FIP. International Assets Investment Management LLC bought a new position in shares of FTAI Infrastructure in the fourth quarter worth approximately $25,000. Quadrature Capital Ltd purchased a new position in FTAI Infrastructure in the 4th quarter worth approximately $39,000. Cantor Fitzgerald Investment Advisors L.P. purchased a new position in FTAI Infrastructure in the fourth quarter worth $41,000. Merit Financial Group LLC bought a new position in FTAI Infrastructure in the fourth quarter valued at $48,000. Finally, Victory Capital Management Inc. raised its position in FTAI Infrastructure by 23.2% during the fourth quarter. Victory Capital Management Inc. now owns 13,200 shares of the company’s stock valued at $51,000 after purchasing an additional 2,490 shares in the last quarter. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

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.