FTAI Infrastructure (NASDAQ:FIP) Hits New 52-Week Low – Here’s What Happened

FTAI Infrastructure Inc. (NASDAQ:FIP) hit a new 52-week low on Thursday . The company traded as low as $4.72 and last traded at $4.74, with a volume of 330321 shares changing hands. The stock had previously closed at $4.93.

FTAI Infrastructure Stock Performance

The company has a 50-day moving average of $6.11 and a 200-day moving average of $7.68. The firm has a market capitalization of $538.38 million, a price-to-earnings ratio of -2.39 and a beta of 1.52. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th were issued a dividend of $0.03 per share. The ex-dividend date was Friday, March 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.54%. FTAI Infrastructure’s dividend payout ratio (DPR) is -4.36%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Intech Investment Management LLC bought a new position in FTAI Infrastructure in the third quarter worth about $195,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of FTAI Infrastructure by 198.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 848,363 shares of the company’s stock worth $7,941,000 after purchasing an additional 564,566 shares during the last quarter. FMR LLC boosted its position in FTAI Infrastructure by 5,651.2% during the 3rd quarter. FMR LLC now owns 348,349 shares of the company’s stock valued at $3,261,000 after purchasing an additional 342,292 shares during the period. Verition Fund Management LLC grew its stake in FTAI Infrastructure by 231.9% during the 3rd quarter. Verition Fund Management LLC now owns 44,204 shares of the company’s stock worth $414,000 after buying an additional 30,886 shares during the last quarter. Finally, Cladis Investment Advisory LLC acquired a new stake in FTAI Infrastructure in the third quarter worth $94,000. 87.43% of the stock is owned by institutional investors and hedge funds.

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.