FTAI Infrastructure (NASDAQ:FIP) CFO Carl Russell Iv Fletcher Acquires 10,000 Shares

FTAI Infrastructure Inc. (NASDAQ:FIP) CFO Carl Russell Iv Fletcher acquired 10,000 shares of the stock in a transaction dated Thursday, May 28th. The stock was bought at an average cost of $4.58 per share, with a total value of $45,800.00. Following the completion of the purchase, the chief financial officer owned 40,000 shares of the company’s stock, valued at approximately $183,200. The trade was a 33.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

FTAI Infrastructure Stock Performance

Shares of FIP traded down $0.07 on Thursday, reaching $4.56. 539,329 shares of the company’s stock traded hands, compared to its average volume of 1,032,356. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 110.28. The stock has a market cap of $538.83 million, a PE ratio of -1.01 and a beta of 1.96. The stock’s 50 day simple moving average is $5.11 and its two-hundred day simple moving average is $5.21. FTAI Infrastructure Inc. has a 52-week low of $3.90 and a 52-week high of $7.93.

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

FTAI Infrastructure Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, May 18th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, May 18th. FTAI Infrastructure’s dividend payout ratio (DPR) is presently -2.66%.

Hedge Funds Weigh In On FTAI Infrastructure

Several institutional investors and hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC grew its holdings in FTAI Infrastructure by 2.8% during the fourth quarter. AQR Capital Management LLC now owns 70,436 shares of the company’s stock valued at $325,000 after purchasing an additional 1,920 shares during the period. Merit Financial Group LLC grew its holdings in FTAI Infrastructure by 21.3% during the fourth quarter. Merit Financial Group LLC now owns 15,858 shares of the company’s stock valued at $73,000 after purchasing an additional 2,787 shares during the period. Mercer Global Advisors Inc. ADV grew its holdings in FTAI Infrastructure by 9.9% during the third quarter. Mercer Global Advisors Inc. ADV now owns 33,171 shares of the company’s stock valued at $145,000 after purchasing an additional 2,979 shares during the period. Rhumbline Advisers grew its holdings in FTAI Infrastructure by 1.9% during the third quarter. Rhumbline Advisers now owns 194,180 shares of the company’s stock valued at $847,000 after purchasing an additional 3,620 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of FTAI Infrastructure by 1.7% in the first quarter. Bank of America Corp DE now owns 281,015 shares of the company’s stock worth $1,388,000 after acquiring an additional 4,810 shares during the period. 87.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FIP. Wall Street Zen lowered shares of FTAI Infrastructure from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. BTIG Research reduced their price objective on FTAI Infrastructure from $10.00 to $9.00 and set a “buy” rating for the company in a report on Friday, May 8th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, FTAI Infrastructure currently has a consensus rating of “Hold” and an average price target 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.