SG Americas Securities LLC Buys 2,640 Shares of FTAI Infrastructure Inc. (NASDAQ:FIP)

SG Americas Securities LLC grew its stake in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) by 9.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 29,654 shares of the company’s stock after purchasing an additional 2,640 shares during the period. SG Americas Securities LLC’s holdings in FTAI Infrastructure were worth $278,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quadrature Capital Ltd bought a new stake in FTAI Infrastructure during the 4th quarter worth approximately $39,000. Algert Global LLC bought a new stake in FTAI Infrastructure during the 2nd quarter worth approximately $88,000. Choreo LLC bought a new stake in FTAI Infrastructure during the 2nd quarter worth approximately $100,000. ProShare Advisors LLC boosted its stake in shares of FTAI Infrastructure by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 17,783 shares of the company’s stock worth $112,000 after buying an additional 1,400 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of FTAI Infrastructure in the 2nd quarter worth approximately $134,000. 87.43% of the stock is owned by institutional investors.

Insider Activity at FTAI Infrastructure

In related news, major shareholder Fig Buyer Gp, Llc sold 3,399,501 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $9.04, for a total value of $30,731,489.04. Following the transaction, the insider now owns 8,418,561 shares in the company, valued at approximately $76,103,791.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.17% of the stock is owned by company insiders.

FTAI Infrastructure Price Performance

Shares of NASDAQ FIP opened at $9.14 on Monday. FTAI Infrastructure Inc. has a twelve month low of $3.01 and a twelve month high of $10.45. The stock’s 50 day moving average price is $9.17 and its 200-day moving average price is $8.61. The company has a market capitalization of $929.48 million, a PE ratio of -4.71 and a beta of 1.28. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 5.42.

FTAI Infrastructure (NASDAQ:FIP) last announced its earnings results on Friday, August 2nd. The company reported ($0.52) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.17). FTAI Infrastructure had a negative return on equity of 44.09% and a negative net margin of 49.85%. The business had revenue of $84.89 million during the quarter.

FTAI Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Monday, August 12th were paid a $0.03 dividend. The ex-dividend date was Monday, August 12th. This represents a $0.12 annualized dividend and a yield of 1.31%. FTAI Infrastructure’s payout ratio is -6.19%.

Analyst Ratings Changes

Separately, JMP Securities restated a “market outperform” rating and issued a $12.00 target price on shares of FTAI Infrastructure in a research note on Monday, August 5th.

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.