FTAI Infrastructure (NASDAQ:FIP) Stock Price Down 6.7% – What’s Next?

Shares of FTAI Infrastructure Inc. (NASDAQ:FIP) were down 6.7% during trading on Friday . The stock traded as low as $7.85 and last traded at $7.85. Approximately 52,552 shares traded hands during trading, a decline of 93% from the average daily volume of 802,257 shares. The stock had previously closed at $8.41.

FTAI Infrastructure Stock Performance

The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market cap of $900.90 million, a PE ratio of -4.00 and a beta of 1.34. The business’s 50-day moving average is $8.17 and its 200 day moving average is $8.85.

FTAI Infrastructure Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date was Tuesday, November 12th. FTAI Infrastructure’s dividend payout ratio (DPR) is presently -6.06%.

Institutional Investors Weigh In On FTAI Infrastructure

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Luxor Capital Group LP increased its position in FTAI Infrastructure by 4.6% during the 3rd quarter. Luxor Capital Group LP now owns 5,940,484 shares of the company’s stock valued at $55,603,000 after purchasing an additional 258,591 shares during the period. Hood River Capital Management LLC boosted its stake in shares of FTAI Infrastructure by 26.5% during the 2nd quarter. Hood River Capital Management LLC now owns 2,957,163 shares of the company’s stock valued at $25,520,000 after purchasing an additional 618,625 shares in the last quarter. State Street Corp increased its position in shares of FTAI Infrastructure by 2.2% during the third quarter. State Street Corp now owns 2,543,305 shares of the company’s stock valued at $23,805,000 after buying an additional 55,936 shares during the period. Geode Capital Management LLC raised its stake in FTAI Infrastructure by 2.2% in the third quarter. Geode Capital Management LLC now owns 2,427,301 shares of the company’s stock worth $22,724,000 after buying an additional 53,340 shares in the last quarter. Finally, Highland Peak Capital LLC lifted its holdings in FTAI Infrastructure by 194.3% in the third quarter. Highland Peak Capital LLC now owns 1,755,349 shares of the company’s stock worth $16,430,000 after buying an additional 1,158,816 shares during the period. 87.43% of the stock is currently owned by institutional investors.

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.