FTAI Infrastructure Inc. $FIP Shares Purchased by Royce & Associates LP

Royce & Associates LP boosted its stake in FTAI Infrastructure Inc. (NASDAQ:FIP) by 24.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,682,778 shares of the company’s stock after purchasing an additional 527,000 shares during the quarter. Royce & Associates LP’s holdings in FTAI Infrastructure were worth $12,368,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Diamond Hill Capital Management Inc. grew its stake in FTAI Infrastructure by 35.3% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 1,786,946 shares of the company’s stock valued at $7,791,000 after acquiring an additional 465,779 shares during the period. First Eagle Investment Management LLC grew its stake in FTAI Infrastructure by 28.1% in the 3rd quarter. First Eagle Investment Management LLC now owns 2,226,353 shares of the company’s stock valued at $9,707,000 after acquiring an additional 488,182 shares during the period. Teachers Retirement System of The State of Kentucky acquired a new stake in FTAI Infrastructure in the 4th quarter valued at $1,394,000. Bard Associates Inc. grew its stake in FTAI Infrastructure by 12.2% in the 3rd quarter. Bard Associates Inc. now owns 1,217,730 shares of the company’s stock valued at $5,309,000 after acquiring an additional 132,215 shares during the period. Finally, Larson Financial Group LLC grew its stake in FTAI Infrastructure by 6,941.7% in the 4th quarter. Larson Financial Group LLC now owns 8,098 shares of the company’s stock valued at $37,000 after acquiring an additional 7,983 shares during the period. Institutional investors and hedge funds own 87.43% of the company’s stock.

FTAI Infrastructure Trading Down 0.2%

Shares of FIP stock opened at $4.63 on Thursday. The stock’s fifty day moving average is $5.11 and its two-hundred day moving average is $5.21. The company has a debt-to-equity ratio of 110.28, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market capitalization of $547.08 million, a P/E ratio of -1.03 and a beta of 1.96. FTAI Infrastructure Inc. has a fifty-two week low of $3.90 and a fifty-two week high of $7.93.

FTAI Infrastructure (NASDAQ:FIP) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($1.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.90). FTAI Infrastructure had a negative net margin of 68.58% and a negative return on equity of 147.01%. The firm had revenue of $188.36 million during the quarter, compared to analysts’ expectations of $182.41 million. The business’s quarterly revenue was up 95.8% on a year-over-year basis.

FTAI Infrastructure Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Monday, May 18th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, May 18th. FTAI Infrastructure’s payout ratio is currently -2.66%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. BTIG Research dropped their price target on shares of FTAI Infrastructure from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Wall Street Zen cut shares of FTAI Infrastructure from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $9.00.

FTAI Infrastructure Company Profile

FTAI Infrastructure Ltd (NASDAQ: FIP) is a closed-end investment company that acquires and manages infrastructure assets offering stable, long-term cash flows. The company targets core and core-plus infrastructure sectors with contracted or regulated revenue streams, aiming to deliver attractive risk-adjusted returns for its shareholders. FTAI Infrastructure’s portfolio is diversified across multiple sub-sectors, geographies and counterparties to manage risk and capture growth opportunities in global infrastructure markets.

The company focuses on three primary investment categories: communications infrastructure, transport and logistics infrastructure, and utility infrastructure.