FTAI Infrastructure (NASDAQ:FIP) Stock Price Down 6.6% – Time to Sell?

Shares of FTAI Infrastructure Inc. (NASDAQ:FIP) were down 6.6% on Monday . The company traded as low as $4.57 and last traded at $4.6250. 572,466 shares traded hands during mid-day trading, a decline of 44% from the average session volume of 1,020,078 shares. The stock had previously closed at $4.95.

Analyst Upgrades and Downgrades

FIP has been the topic of several research analyst reports. Compass Point set a $12.00 price objective on FTAI Infrastructure in a research note on Tuesday. JonesTrading started coverage on shares of FTAI Infrastructure in a research note on Wednesday. They issued a “buy” rating and a $8.75 price target on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of FTAI Infrastructure in a report on Friday, June 12th. BTIG Research reduced their target price on shares of FTAI Infrastructure from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Finally, Wall Street Zen lowered FTAI Infrastructure from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $9.92.

FTAI Infrastructure Trading Up 6.4%

The stock has a market cap of $548.26 million, a P/E ratio of -1.03 and a beta of 1.79. 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’s fifty day simple moving average is $4.82 and its 200-day simple moving average is $5.22.

FTAI Infrastructure (NASDAQ:FIP) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($1.32) EPS 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 the consensus estimate of $182.41 million. The firm’s quarterly revenue was up 95.8% on a year-over-year basis.

FTAI Infrastructure Dividend Announcement

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

Insider Buying and Selling

In other FTAI Infrastructure news, CFO Carl Russell Iv Fletcher purchased 10,000 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was purchased at an average cost of $4.58 per share, for a total transaction of $45,800.00. Following the acquisition, the chief financial officer owned 40,000 shares in the company, valued at approximately $183,200. The trade was a 33.33% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.17% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FIP. Bank of America Corp DE grew its stake in FTAI Infrastructure by 1.7% during the first quarter. Bank of America Corp DE now owns 281,015 shares of the company’s stock worth $1,388,000 after purchasing an additional 4,810 shares during the period. Royal Bank of Canada lifted its stake in FTAI Infrastructure by 47.2% in the first quarter. Royal Bank of Canada now owns 69,236 shares of the company’s stock valued at $341,000 after buying an additional 22,214 shares during the period. Quantinno Capital Management LP lifted its stake in FTAI Infrastructure by 28.3% in the first quarter. Quantinno Capital Management LP now owns 86,840 shares of the company’s stock valued at $429,000 after buying an additional 19,155 shares during the period. Lazard Asset Management LLC lifted its stake in FTAI Infrastructure by 38.0% in the first quarter. Lazard Asset Management LLC now owns 467,149 shares of the company’s stock valued at $2,308,000 after buying an additional 128,598 shares during the period. Finally, Legacy Wealth Managment LLC ID boosted its holdings in shares of FTAI Infrastructure by 288.6% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 128,589 shares of the company’s stock worth $635,000 after buying an additional 95,498 shares in the last quarter. 87.43% of the stock is owned by institutional investors and hedge funds.

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.