International Assets Investment Management LLC Acquires 13,560 Shares of FTAI Infrastructure Inc. (NASDAQ:FIP)

International Assets Investment Management LLC boosted its holdings in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) by 836.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,182 shares of the company’s stock after buying an additional 13,560 shares during the quarter. International Assets Investment Management LLC’s holdings in FTAI Infrastructure were worth $142,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FIP. ProShare Advisors LLC raised its holdings in FTAI Infrastructure by 8.5% during the first quarter. ProShare Advisors LLC now owns 17,783 shares of the company’s stock valued at $112,000 after acquiring an additional 1,400 shares during the period. SG Americas Securities LLC raised its stake in FTAI Infrastructure by 9.8% during the 3rd quarter. SG Americas Securities LLC now owns 29,654 shares of the company’s stock valued at $278,000 after purchasing an additional 2,640 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in FTAI Infrastructure by 8.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 38,989 shares of the company’s stock worth $336,000 after purchasing an additional 3,158 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in FTAI Infrastructure by 22.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,483 shares of the company’s stock worth $179,000 after purchasing an additional 5,244 shares during the period. Finally, Algert Global LLC purchased a new stake in FTAI Infrastructure during the 2nd quarter valued at approximately $88,000. 87.43% of the stock is owned by hedge funds and other institutional investors.

FTAI Infrastructure Stock Down 1.1 %

NASDAQ:FIP opened at $8.94 on Friday. The company has a current ratio of 1.42, a quick ratio of 2.10 and a debt-to-equity ratio of 6.07. FTAI Infrastructure Inc. has a twelve month low of $3.27 and a twelve month high of $10.45. The company has a market cap of $1.02 billion, a PE ratio of -4.52 and a beta of 1.36. The company’s 50 day moving average is $9.03 and its two-hundred day moving average is $8.79.

FTAI Infrastructure Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Tuesday, November 12th. FTAI Infrastructure’s dividend payout ratio (DPR) is -6.06%.

Analyst Ratings Changes

Separately, JMP Securities reaffirmed a “market outperform” rating and set a $12.00 price target 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.