Castellan Group Acquires Shares of 13,192 FTAI Infrastructure Inc. (NASDAQ:FIP)

Castellan Group acquired a new position in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 13,192 shares of the company’s stock, valued at approximately $96,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of FIP. Wilmington Savings Fund Society FSB bought a new stake in FTAI Infrastructure in the 3rd quarter valued at about $34,000. US Bancorp DE acquired a new stake in shares of FTAI Infrastructure in the third quarter valued at approximately $52,000. Cladis Investment Advisory LLC acquired a new stake in shares of FTAI Infrastructure in the third quarter valued at approximately $94,000. International Assets Investment Management LLC boosted its stake in shares of FTAI Infrastructure by 836.0% in the third quarter. International Assets Investment Management LLC now owns 15,182 shares of the company’s stock valued at $142,000 after buying an additional 13,560 shares during the period. Finally, Aigen Investment Management LP acquired a new stake in FTAI Infrastructure during the third quarter worth approximately $153,000. Institutional investors and hedge funds own 87.43% of the company’s stock.

FTAI Infrastructure Price Performance

Shares of NASDAQ FIP opened at $6.73 on Thursday. FTAI Infrastructure Inc. has a fifty-two week low of $4.15 and a fifty-two week high of $10.45. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 6.07. The business has a fifty day moving average price of $7.47 and a two-hundred day moving average price of $8.50.

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.