FTAI Infrastructure (NASDAQ:FIP) Reaches New 12-Month Low – Time to Sell?

Shares of FTAI Infrastructure Inc. (NASDAQ:FIP) hit a new 52-week low on Wednesday . The company traded as low as $4.42 and last traded at $4.47, with a volume of 1138645 shares traded. The stock had previously closed at $4.53.

FTAI Infrastructure Trading Down 1.3 %

The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market cap of $509.32 million, a price-to-earnings ratio of -2.26 and a beta of 1.52. The business has a fifty day simple moving average of $5.89 and a 200-day simple moving average of $7.56.

FTAI Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend was Friday, March 14th. FTAI Infrastructure’s dividend payout ratio is currently -4.36%.

Institutional Investors Weigh In On FTAI Infrastructure

Institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System increased its stake in shares of FTAI Infrastructure by 7.3% in the fourth quarter. California State Teachers Retirement System now owns 103,091 shares of the company’s stock valued at $748,000 after buying an additional 7,013 shares during the period. American Assets Investment Management LLC increased its position in FTAI Infrastructure by 18.6% during the 4th quarter. American Assets Investment Management LLC now owns 190,611 shares of the company’s stock valued at $1,384,000 after purchasing an additional 29,883 shares during the period. Public Employees Retirement System of Ohio bought a new position in FTAI Infrastructure during the 4th quarter worth approximately $268,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of FTAI Infrastructure by 25.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 154,129 shares of the company’s stock worth $1,119,000 after purchasing an additional 31,022 shares during the period. Finally, Squarepoint Ops LLC boosted its stake in shares of FTAI Infrastructure by 563.0% in the 4th quarter. Squarepoint Ops LLC now owns 235,070 shares of the company’s stock valued at $1,707,000 after purchasing an additional 199,617 shares during the last quarter. 87.43% of the stock is owned by institutional investors.

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.