Biltmore Family Office LLC Sells 5,885 Shares of FTAI Infrastructure Inc. (NASDAQ:FIP)

Biltmore Family Office LLC lessened its stake in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 224,146 shares of the company’s stock after selling 5,885 shares during the period. Biltmore Family Office LLC owned 0.20% of FTAI Infrastructure worth $1,627,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new position in FTAI Infrastructure in the third quarter worth $34,000. Morey & Quinn Wealth Partners LLC acquired a new stake in shares of FTAI Infrastructure during the 4th quarter worth approximately $84,000. Castellan Group acquired a new position in shares of FTAI Infrastructure during the 4th quarter worth about $96,000. Proficio Capital Partners LLC acquired a new stake in FTAI Infrastructure during the 4th quarter worth $97,000. Finally, Hills Bank & Trust Co acquired a new position in shares of FTAI Infrastructure in the fourth quarter valued at approximately $103,000. Institutional investors and hedge funds own 87.43% of the company’s stock.

FTAI Infrastructure Price Performance

Shares of NASDAQ FIP opened at $4.49 on Thursday. FTAI Infrastructure Inc. has a fifty-two week low of $4.36 and a fifty-two week high of $10.46. The stock has a market capitalization of $511.60 million, a price-to-earnings ratio of -2.27 and a beta of 1.52. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.42 and a quick ratio of 1.42. The business has a 50-day moving average of $5.83 and a 200-day moving average of $7.54.

FTAI Infrastructure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Friday, March 14th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend was Friday, March 14th. FTAI Infrastructure’s payout ratio is -4.36%.

FTAI Infrastructure 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.