FTAI Infrastructure (NASDAQ:FIP) Shares Down 6.7% – Should You Sell?

FTAI Infrastructure Inc. (NASDAQ:FIP) traded down 6.7% on Tuesday . The company traded as low as $4.86 and last traded at $4.7660. 394,777 shares changed hands during trading, a decline of 76% from the average session volume of 1,617,981 shares. The stock had previously closed at $5.11.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FIP. Weiss Ratings reiterated a “sell (d-)” rating on shares of FTAI Infrastructure in a research note on Wednesday, October 8th. Wall Street Zen lowered FTAI Infrastructure from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Finally, BTIG Research upped their price objective on FTAI Infrastructure from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, FTAI Infrastructure has a consensus rating of “Hold” and a consensus price target of $11.00.

FTAI Infrastructure Stock Down 3.9%

The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 110.28. The stock’s 50-day simple moving average is $4.96 and its 200 day simple moving average is $5.46. The firm has a market cap of $571.35 million, a P/E ratio of -2.00 and a beta of 1.84.

FTAI Infrastructure (NASDAQ:FIP) last announced its quarterly earnings data on Thursday, October 30th. The company reported ($1.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.59) by ($0.79). FTAI Infrastructure had a negative net margin of 41.09% and a negative return on equity of 75.13%. The business had revenue of $140.56 million during the quarter, compared to analyst estimates of $146.37 million.

FTAI Infrastructure Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be paid a $0.03 dividend. The ex-dividend date is Friday, November 14th. This represents a $0.12 annualized dividend and a dividend yield of 2.4%. FTAI Infrastructure’s payout ratio is currently -4.88%.

Insider Transactions at FTAI Infrastructure

In related news, CFO Carl Russell Iv Fletcher purchased 10,000 shares of FTAI Infrastructure stock in a transaction on Thursday, August 21st. The stock was acquired at an average cost of $4.48 per share, for a total transaction of $44,800.00. Following the completion of the acquisition, the chief financial officer owned 30,000 shares of the company’s stock, valued at $134,400. This trade represents a 50.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.40% of the stock is currently owned by corporate insiders.

Institutional Trading of FTAI Infrastructure

Several large investors have recently made changes to their positions in FIP. Teacher Retirement System of Texas acquired a new position in FTAI Infrastructure during the 1st quarter worth approximately $68,000. Stephens Inc. AR lifted its holdings in shares of FTAI Infrastructure by 10.6% in the 1st quarter. Stephens Inc. AR now owns 33,450 shares of the company’s stock worth $152,000 after purchasing an additional 3,200 shares in the last quarter. Easterly Investment Partners LLC acquired a new stake in FTAI Infrastructure in the 1st quarter valued at $333,000. Y Intercept Hong Kong Ltd bought a new stake in FTAI Infrastructure during the 1st quarter valued at $127,000. Finally, Diamond Hill Capital Management Inc. increased its stake in FTAI Infrastructure by 30.8% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 1,069,759 shares of the company’s stock valued at $4,846,000 after purchasing an additional 251,849 shares in the last quarter. 87.43% of the stock is currently owned by institutional investors and hedge funds.

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.