FTAI Infrastructure (NASDAQ:FIP) Trading 4.2% Higher – Should You Buy?

FTAI Infrastructure Inc. (NASDAQ:FIP)’s share price shot up 4.2% during mid-day trading on Thursday . The stock traded as high as $7.30 and last traded at $7.32. 151,143 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 1,059,049 shares. The stock had previously closed at $7.02.

FTAI Infrastructure Trading Up 3.6 %

The stock’s 50-day moving average is $7.93 and its two-hundred day moving average is $8.77. The company has a market cap of $826.96 million, a P/E ratio of -3.67 and a beta of 1.45. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.42 and a quick ratio of 1.42.

FTAI Infrastructure (NASDAQ:FIP) last announced its quarterly earnings data on Wednesday, October 30th. The company reported ($0.45) EPS for the quarter. FTAI Infrastructure had a negative net margin of 44.32% and a negative return on equity of 46.25%. The firm had revenue of $83.31 million for the quarter.

FTAI Infrastructure Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were given a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.65%. FTAI Infrastructure’s dividend payout ratio is currently -6.06%.

Institutional Investors Weigh In On FTAI Infrastructure

A number of hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC boosted its stake in FTAI Infrastructure by 80.1% during the fourth quarter. SG Americas Securities LLC now owns 53,420 shares of the company’s stock worth $388,000 after buying an additional 23,766 shares during the period. JPMorgan Chase & Co. increased its stake in FTAI Infrastructure by 113.8% in the third quarter. JPMorgan Chase & Co. now owns 518,294 shares of the company’s stock worth $4,851,000 after purchasing an additional 275,903 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of FTAI Infrastructure during the third quarter valued at $34,000. Barclays PLC lifted its holdings in FTAI Infrastructure by 283.8% during the 3rd quarter. Barclays PLC now owns 159,387 shares of the company’s stock valued at $1,492,000 after buying an additional 117,863 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in FTAI Infrastructure by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 2,427,301 shares of the company’s stock valued at $22,724,000 after buying an additional 53,340 shares during the period. Hedge funds and other institutional investors own 87.43% of the company’s stock.

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.