Quadrature Capital Ltd Buys New Position in FTAI Infrastructure Inc. (NASDAQ:FIP)

Quadrature Capital Ltd bought a new stake in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,041 shares of the company’s stock, valued at approximately $39,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new position in FTAI Infrastructure during the 4th quarter valued at about $25,000. Cantor Fitzgerald Investment Advisors L.P. purchased a new position in shares of FTAI Infrastructure in the 4th quarter valued at about $41,000. Merit Financial Group LLC purchased a new position in shares of FTAI Infrastructure in the 4th quarter valued at about $48,000. Victory Capital Management Inc. boosted its stake in shares of FTAI Infrastructure by 23.2% in the 4th quarter. Victory Capital Management Inc. now owns 13,200 shares of the company’s stock valued at $51,000 after buying an additional 2,490 shares during the period. Finally, Van Hulzen Asset Management LLC purchased a new position in shares of FTAI Infrastructure in the 4th quarter valued at about $58,000. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

FTAI Infrastructure Price Performance

Shares of NASDAQ FIP opened at $8.63 on Friday. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.69 and a current ratio of 0.69. FTAI Infrastructure Inc. has a fifty-two week low of $2.84 and a fifty-two week high of $9.25. The firm has a market capitalization of $877.58 million, a PE ratio of -4.45 and a beta of 1.35. The stock’s 50-day simple moving average is $7.95 and its 200-day simple moving average is $5.92.

FTAI Infrastructure (NASDAQ:FIP) last issued its earnings results on Tuesday, May 7th. The company reported ($0.54) earnings per share for the quarter. FTAI Infrastructure had a negative return on equity of 37.21% and a negative net margin of 49.44%. The business had revenue of $82.54 million for the quarter.

FTAI Infrastructure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 29th. Stockholders of record on Friday, May 17th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.39%. The ex-dividend date was Thursday, May 16th. FTAI Infrastructure’s dividend payout ratio (DPR) is presently -6.19%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. BTIG Research lifted their price objective on FTAI Infrastructure from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. JMP Securities assumed coverage on FTAI Infrastructure in a research note on Wednesday. They issued a “market outperform” rating and a $11.00 price objective for the company.

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.