FTAI Infrastructure (NASDAQ:FIP) Now Covered by BTIG Research

BTIG Research assumed coverage on shares of FTAI Infrastructure (NASDAQ:FIP) in a research report report published on Thursday morning, MarketBeat reports. The firm issued a buy rating and a $10.00 price objective on the stock.

FTAI Infrastructure Price Performance

Shares of FTAI Infrastructure stock opened at $6.57 on Thursday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 3.25. The business’s 50-day moving average price is $5.55 and its 200-day moving average price is $4.31. FTAI Infrastructure has a 12 month low of $2.64 and a 12 month high of $7.16.

FTAI Infrastructure (NASDAQ:FIP) last posted its quarterly earnings data on Thursday, February 29th. The company reported ($0.47) earnings per share for the quarter. FTAI Infrastructure had a negative net margin of 48.71% and a negative return on equity of 32.27%. The company had revenue of $81.44 million for the quarter.

FTAI Infrastructure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Wednesday, March 27th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date was Tuesday, March 26th. FTAI Infrastructure’s payout ratio is -6.67%.

Institutional Trading of FTAI Infrastructure

A number of institutional investors and hedge funds have recently modified their holdings of FIP. UBS Group AG bought a new stake in shares of FTAI Infrastructure in the fourth quarter worth $240,000. Raymond James & Associates bought a new stake in shares of FTAI Infrastructure in the fourth quarter worth $265,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of FTAI Infrastructure in the fourth quarter worth $108,000. HighTower Advisors LLC bought a new stake in shares of FTAI Infrastructure in the fourth quarter worth $106,000. Finally, Victory Capital Management Inc. bought a new stake in shares of FTAI Infrastructure in the fourth quarter worth $37,000. Institutional investors own 87.43% of the company’s stock.

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.