Charles Schwab Investment Management Inc. Increases Position in FTAI Infrastructure Inc. (NASDAQ:FIP)

Charles Schwab Investment Management Inc. lifted its holdings in FTAI Infrastructure Inc. (NASDAQ:FIP) by 198.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 848,363 shares of the company’s stock after purchasing an additional 564,566 shares during the period. Charles Schwab Investment Management Inc. owned about 0.75% of FTAI Infrastructure worth $7,941,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. US Bancorp DE purchased a new stake in shares of FTAI Infrastructure in the third quarter valued at approximately $52,000. Algert Global LLC purchased a new stake in shares of FTAI Infrastructure in the second quarter valued at approximately $88,000. Choreo LLC purchased a new stake in shares of FTAI Infrastructure in the second quarter valued at approximately $100,000. International Assets Investment Management LLC grew its position in shares of FTAI Infrastructure by 836.0% in the third quarter. International Assets Investment Management LLC now owns 15,182 shares of the company’s stock valued at $142,000 after purchasing an additional 13,560 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of FTAI Infrastructure in the second quarter valued at approximately $134,000. Hedge funds and other institutional investors own 87.43% of the company’s stock.

FTAI Infrastructure Price Performance

FIP stock opened at $8.45 on Wednesday. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.42 and a quick ratio of 1.42. The business has a 50 day simple moving average of $8.87 and a 200-day simple moving average of $8.95. The firm has a market capitalization of $961.15 million, a PE ratio of -4.27 and a beta of 1.34. FTAI Infrastructure Inc. has a 1 year low of $3.42 and a 1 year high of $10.45.

FTAI Infrastructure Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.12 annualized dividend and a dividend yield of 1.42%. FTAI Infrastructure’s dividend payout ratio is currently -6.06%.

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.