FTAI Infrastructure Inc. (NASDAQ:FIP) Short Interest Update

FTAI Infrastructure Inc. (NASDAQ:FIP) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 6,860,000 shares, a growth of 24.7% from the August 31st total of 5,500,000 shares. Approximately 6.7% of the company’s shares are short sold. Based on an average daily volume of 1,550,000 shares, the short-interest ratio is currently 4.4 days.

Analyst Ratings Changes

Several brokerages have recently issued reports on FIP. JMP Securities reissued a “market outperform” rating and set a $12.00 price target on shares of FTAI Infrastructure in a research report on Monday, August 5th. BTIG Research upped their target price on shares of FTAI Infrastructure from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th.

Insider Activity at FTAI Infrastructure

In other FTAI Infrastructure news, major shareholder Fig Buyer Gp, Llc sold 3,399,501 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $9.04, for a total transaction of $30,731,489.04. Following the transaction, the insider now directly owns 8,418,561 shares in the company, valued at $76,103,791.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.17% of the stock is owned by insiders.

Hedge Funds Weigh In On FTAI Infrastructure

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Luxor Capital Group LP increased its holdings in shares of FTAI Infrastructure by 8.0% in the 2nd quarter. Luxor Capital Group LP now owns 5,681,893 shares of the company’s stock valued at $49,035,000 after acquiring an additional 420,019 shares during the period. Hood River Capital Management LLC increased its position in shares of FTAI Infrastructure by 26.5% in the second quarter. Hood River Capital Management LLC now owns 2,957,163 shares of the company’s stock valued at $25,520,000 after buying an additional 618,625 shares in the last quarter. Orchard Capital Management LLC raised its position in FTAI Infrastructure by 7.1% during the fourth quarter. Orchard Capital Management LLC now owns 2,471,786 shares of the company’s stock worth $9,615,000 after acquiring an additional 164,023 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of FTAI Infrastructure by 44.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,470,225 shares of the company’s stock worth $12,688,000 after purchasing an additional 449,481 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in FTAI Infrastructure by 8.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 794,868 shares of the company’s stock valued at $6,860,000 after buying an additional 65,218 shares in the last quarter. 87.43% of the stock is owned by institutional investors and hedge funds.

FTAI Infrastructure Trading Up 0.2 %

NASDAQ:FIP opened at $9.13 on Monday. FTAI Infrastructure has a 12-month low of $2.84 and a 12-month high of $10.45. The firm has a market cap of $928.47 million, a PE ratio of -4.71 and a beta of 1.29. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 5.42. The stock has a fifty day moving average price of $9.28 and a 200 day moving average price of $8.27.

FTAI Infrastructure (NASDAQ:FIP) last announced its quarterly earnings data on Friday, August 2nd. The company reported ($0.52) EPS for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.17). FTAI Infrastructure had a negative net margin of 49.85% and a negative return on equity of 44.09%. The firm had revenue of $84.89 million during the quarter.

FTAI Infrastructure Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Monday, August 12th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend was Monday, August 12th. FTAI Infrastructure’s dividend payout ratio (DPR) is presently -6.19%.

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.