FTAI Infrastructure (NASDAQ:FIP) Trading Down 5.9% – What’s Next?

Shares of FTAI Infrastructure Inc. (NASDAQ:FIP) fell 5.9% during trading on Tuesday . The stock traded as low as $6.61 and last traded at $6.61. 345,065 shares changed hands during trading, a decline of 67% from the average session volume of 1,034,969 shares. The stock had previously closed at $7.02.

FTAI Infrastructure Stock Down 3.6 %

The business’s fifty day moving average price is $7.85 and its two-hundred day moving average price is $8.72. 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 firm has a market capitalization of $770.09 million, a P/E ratio of -3.42 and a beta of 1.45.

FTAI Infrastructure (NASDAQ:FIP) last released its quarterly earnings results on Wednesday, October 30th. The company reported ($0.45) earnings per share (EPS) for the quarter. FTAI Infrastructure had a negative return on equity of 46.25% and a negative net margin of 44.32%. The firm had revenue of $83.31 million during the quarter.

FTAI Infrastructure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.77%. The ex-dividend date was Tuesday, November 12th. FTAI Infrastructure’s payout ratio is currently -6.06%.

Institutional Trading of FTAI Infrastructure

Several large investors have recently bought and sold shares of FIP. Wilmington Savings Fund Society FSB purchased a new position in FTAI Infrastructure during the 3rd quarter worth approximately $34,000. US Bancorp DE purchased a new position in shares of FTAI Infrastructure during the third quarter worth $52,000. Cladis Investment Advisory LLC acquired a new position in FTAI Infrastructure during the third quarter valued at $94,000. Algert Global LLC purchased a new stake in FTAI Infrastructure in the second quarter valued at $88,000. Finally, International Assets Investment Management LLC boosted its position in FTAI Infrastructure by 836.0% in the 3rd quarter. International Assets Investment Management LLC now owns 15,182 shares of the company’s stock worth $142,000 after purchasing an additional 13,560 shares in the last quarter. Hedge funds and other institutional investors own 87.43% of the company’s stock.

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.