FTAI Infrastructure Inc. (NASDAQ:FIP) Shares Sold by Royce & Associates LP

Royce & Associates LP trimmed its stake in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) by 26.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,972 shares of the company’s stock after selling 25,958 shares during the period. Royce & Associates LP owned 0.06% of FTAI Infrastructure worth $664,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. US Bancorp DE purchased a new position in shares of FTAI Infrastructure in the third quarter worth about $52,000. Algert Global LLC purchased a new position in FTAI Infrastructure in the 2nd quarter worth approximately $88,000. Choreo LLC acquired a new position in shares of FTAI Infrastructure during the 2nd quarter worth approximately $100,000. ProShare Advisors LLC grew its position in shares of FTAI Infrastructure by 8.5% in the first quarter. ProShare Advisors LLC now owns 17,783 shares of the company’s stock valued at $112,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of FTAI Infrastructure in the second quarter valued at approximately $134,000. 87.43% of the stock is currently owned by institutional investors and hedge funds.

FTAI Infrastructure Price Performance

Shares of FIP stock opened at $8.51 on Thursday. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market capitalization of $967.97 million, a PE ratio of -4.30 and a beta of 1.36. The firm’s 50-day moving average is $9.01 and its two-hundred day moving average is $8.89. FTAI Infrastructure Inc. has a 12 month low of $3.42 and a 12 month high of $10.45.

FTAI Infrastructure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend was Tuesday, November 12th. FTAI Infrastructure’s dividend payout ratio is presently -6.06%.

Wall Street Analysts Forecast Growth

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

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.