Aigen Investment Management LP Takes Position in FTAI Infrastructure Inc. (NASDAQ:FIP)

Aigen Investment Management LP purchased a new stake in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 16,319 shares of the company’s stock, valued at approximately $153,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. ProShare Advisors LLC grew its holdings in shares of FTAI Infrastructure by 8.5% during the first quarter. ProShare Advisors LLC now owns 17,783 shares of the company’s stock worth $112,000 after purchasing an additional 1,400 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of FTAI Infrastructure by 9.8% during the third quarter. SG Americas Securities LLC now owns 29,654 shares of the company’s stock worth $278,000 after purchasing an additional 2,640 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of FTAI Infrastructure by 8.8% during the second quarter. The Manufacturers Life Insurance Company now owns 38,989 shares of the company’s stock worth $336,000 after purchasing an additional 3,158 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of FTAI Infrastructure by 22.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 28,483 shares of the company’s stock worth $179,000 after purchasing an additional 5,244 shares in the last quarter. Finally, US Bancorp DE purchased a new position in shares of FTAI Infrastructure during the third quarter worth about $52,000. 87.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, JMP Securities reissued a “market outperform” rating and set a $12.00 price objective on shares of FTAI Infrastructure in a report on Monday, August 5th.

FTAI Infrastructure Stock Down 2.1 %

Shares of NASDAQ FIP opened at $8.43 on Monday. The firm has a market capitalization of $958.91 million, a price-to-earnings ratio of -4.26 and a beta of 1.36. The business has a 50-day moving average of $9.00 and a 200-day moving average of $8.88. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 6.07. FTAI Infrastructure Inc. has a 12 month low of $3.42 and a 12 month high of $10.45.

FTAI Infrastructure Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Tuesday, November 12th. FTAI Infrastructure’s dividend payout ratio is currently -6.06%.

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.