FTAI Infrastructure Inc. (NASDAQ:FIP) Stock Holdings Increased by Biltmore Family Office LLC

Biltmore Family Office LLC grew its position in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) by 0.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 230,031 shares of the company’s stock after buying an additional 1,826 shares during the period. Biltmore Family Office LLC owned about 0.20% of FTAI Infrastructure worth $2,153,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. US Bancorp DE bought a new stake in shares of FTAI Infrastructure during the 3rd quarter valued at about $52,000. Algert Global LLC acquired a new position in FTAI Infrastructure in the second quarter valued at approximately $88,000. Choreo LLC bought a new position in shares of FTAI Infrastructure during the second quarter valued at approximately $100,000. International Assets Investment Management LLC raised its position in shares of FTAI Infrastructure by 836.0% during the 3rd quarter. International Assets Investment Management LLC now owns 15,182 shares of the company’s stock worth $142,000 after purchasing an additional 13,560 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of FTAI Infrastructure in the 2nd quarter worth approximately $134,000. Institutional investors and hedge funds own 87.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reiterated a “market outperform” rating and issued a $12.00 target price on shares of FTAI Infrastructure in a research note on Monday, August 5th.

FTAI Infrastructure Stock Performance

FIP opened at $8.46 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 6.07. The business’s 50 day moving average is $9.00 and its 200-day moving average is $8.89. The stock has a market cap of $962.33 million, a PE ratio of -4.27 and a beta of 1.36. FTAI Infrastructure Inc. has a twelve month low of $3.42 and a twelve month high of $10.45.

FTAI Infrastructure Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were given a dividend of $0.03 per share. The ex-dividend date was Tuesday, November 12th. This represents a $0.12 dividend on an annualized basis and a yield of 1.42%. FTAI Infrastructure’s dividend payout ratio (DPR) is presently -6.06%.

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.