Centiva Capital LP Takes $320,000 Position in FTAI Infrastructure Inc. (NASDAQ:FIP)

Centiva Capital LP purchased a new stake in FTAI Infrastructure Inc. (NASDAQ:FIP) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 44,123 shares of the company’s stock, valued at approximately $320,000.

A number of other hedge funds have also recently made changes to their positions in FIP. Wilmington Savings Fund Society FSB purchased a new position in shares of FTAI Infrastructure during the 3rd quarter worth approximately $34,000. Morey & Quinn Wealth Partners LLC purchased a new position in shares of FTAI Infrastructure during the 4th quarter worth approximately $84,000. Castellan Group purchased a new position in shares of FTAI Infrastructure during the 4th quarter worth approximately $96,000. Proficio Capital Partners LLC purchased a new position in shares of FTAI Infrastructure during the 4th quarter worth approximately $97,000. Finally, Hills Bank & Trust Co purchased a new position in shares of FTAI Infrastructure during the 4th quarter worth approximately $103,000. Hedge funds and other institutional investors own 87.43% of the company’s stock.

FTAI Infrastructure Price Performance

FTAI Infrastructure stock opened at $4.60 on Monday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 6.07. FTAI Infrastructure Inc. has a 52-week low of $3.10 and a 52-week high of $10.46. The firm has a market cap of $527.90 million, a PE ratio of -2.32 and a beta of 1.70. The company’s 50 day moving average is $4.37 and its two-hundred day moving average is $6.47.

FTAI Infrastructure (NASDAQ:FIP) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.89 EPS for the quarter, beating the consensus estimate of ($0.34) by $1.23. FTAI Infrastructure had a negative net margin of 44.32% and a negative return on equity of 46.25%. The company had revenue of $96.16 million during the quarter, compared to analysts’ expectations of $107.84 million.

FTAI Infrastructure Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th will be given a $0.03 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $0.12 annualized dividend and a yield of 2.61%. FTAI Infrastructure’s dividend payout ratio is presently -9.09%.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reaffirmed a “market outperform” rating and set a $12.00 price objective on shares of FTAI Infrastructure in a research report on Tuesday, April 22nd.

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.