FTAI Infrastructure (NASDAQ:FIP) Trading 5.9% Higher – Here’s What Happened

FTAI Infrastructure Inc. (NASDAQ:FIPGet Free Report) shares traded up 5.9% during trading on Monday . The stock traded as high as $5.05 and last traded at $5.09. 183,501 shares traded hands during trading, a decline of 84% from the average session volume of 1,164,031 shares. The stock had previously closed at $4.80.

FTAI Infrastructure Price Performance

The company’s fifty day moving average is $6.54 and its two-hundred day moving average is $7.89. The firm has a market capitalization of $590.91 million, a price-to-earnings ratio of -2.62 and a beta of 1.52. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 6.07.

FTAI Infrastructure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Friday, March 14th will be issued a $0.03 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.12 annualized dividend and a yield of 2.31%. FTAI Infrastructure’s dividend payout ratio is currently -4.36%.

Hedge Funds Weigh In On FTAI Infrastructure

Large investors have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB acquired a new stake in FTAI Infrastructure in the third quarter worth $34,000. US Bancorp DE bought a new position in shares of FTAI Infrastructure during the third quarter worth $52,000. Cladis Investment Advisory LLC bought a new position in shares of FTAI Infrastructure during the third quarter worth $94,000. Morey & Quinn Wealth Partners LLC bought a new position in shares of FTAI Infrastructure during the fourth quarter worth $84,000. Finally, Castellan Group bought a new position in shares of FTAI Infrastructure during the fourth quarter worth $96,000. 87.43% of the stock is currently owned by institutional investors and hedge funds.

FTAI Infrastructure Company Profile

(Get Free Report)

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.

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