Jacobs Levy Equity Management Inc. Raises Stock Holdings in FTAI Infrastructure Inc. (NASDAQ:FIP)

Jacobs Levy Equity Management Inc. raised its stake in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) by 64.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 307,483 shares of the company’s stock after acquiring an additional 120,618 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in FTAI Infrastructure were worth $2,232,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FIP. Graham Capital Management L.P. grew its holdings in shares of FTAI Infrastructure by 43.3% in the fourth quarter. Graham Capital Management L.P. now owns 65,580 shares of the company’s stock worth $476,000 after acquiring an additional 19,817 shares during the period. Frontier Capital Management Co. LLC bought a new position in FTAI Infrastructure in the fourth quarter worth approximately $2,859,000. Deutsche Bank AG raised its position in FTAI Infrastructure by 52.7% in the fourth quarter. Deutsche Bank AG now owns 92,265 shares of the company’s stock worth $670,000 after acquiring an additional 31,841 shares during the period. Centiva Capital LP purchased a new stake in shares of FTAI Infrastructure in the 4th quarter worth $320,000. Finally, Balyasny Asset Management L.P. raised its holdings in FTAI Infrastructure by 49.3% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,081,888 shares of the company’s stock worth $15,115,000 after purchasing an additional 687,413 shares during the period. Hedge funds and other institutional investors own 87.43% of the company’s stock.

FTAI Infrastructure Price Performance

NASDAQ FIP opened at $5.25 on Friday. The stock has a market cap of $602.50 million, a price-to-earnings ratio of -2.65 and a beta of 1.70. FTAI Infrastructure Inc. has a 12 month low of $3.10 and a 12 month high of $10.46. The company’s 50 day moving average is $4.37 and its two-hundred day moving average is $6.40. 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 (NASDAQ:FIP) last released its earnings results on Thursday, May 8th. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.34) by $1.23. The company had revenue of $96.16 million for the quarter, compared to analysts’ expectations of $107.84 million. FTAI Infrastructure had a negative net margin of 44.32% and a negative return on equity of 46.25%.

FTAI Infrastructure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th will be given a $0.03 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $0.12 annualized dividend and a dividend yield of 2.29%. FTAI Infrastructure’s payout ratio is -9.09%.

Wall Street Analyst Weigh In

Separately, JMP Securities reissued a “market outperform” rating and set a $12.00 price target on shares of FTAI Infrastructure in a report on Tuesday, April 22nd.

FTAI Infrastructure Company Profile

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.