Proficio Capital Partners LLC Acquires Shares of 13,293 FTAI Infrastructure Inc. (NASDAQ:FIP)

Proficio Capital Partners LLC purchased a new position in FTAI Infrastructure Inc. (NASDAQ:FIP) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,293 shares of the company’s stock, valued at approximately $97,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. US Bancorp DE bought a new position in FTAI Infrastructure during the third quarter valued at approximately $52,000. GSA Capital Partners LLP lifted its holdings in shares of FTAI Infrastructure by 70.1% during the 3rd quarter. GSA Capital Partners LLP now owns 133,733 shares of the company’s stock valued at $1,252,000 after buying an additional 55,120 shares during the period. Aigen Investment Management LP purchased a new position in shares of FTAI Infrastructure in the 3rd quarter worth $153,000. Intech Investment Management LLC bought a new stake in shares of FTAI Infrastructure in the third quarter worth $195,000. Finally, Highland Peak Capital LLC increased its position in FTAI Infrastructure by 194.3% during the third quarter. Highland Peak Capital LLC now owns 1,755,349 shares of the company’s stock valued at $16,430,000 after acquiring an additional 1,158,816 shares during the last quarter. 87.43% of the stock is owned by institutional investors.

FTAI Infrastructure Trading Down 1.6 %

Shares of NASDAQ:FIP opened at $4.87 on Friday. The stock’s 50-day simple moving average is $6.59 and its two-hundred day simple moving average is $7.94. The stock has a market capitalization of $553.94 million, a price-to-earnings ratio of -2.46 and a beta of 1.53. FTAI Infrastructure Inc. has a 52-week low of $4.78 and a 52-week high of $10.45. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.42 and a current ratio of 1.42.

FTAI Infrastructure Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 2.46%. The ex-dividend date is Friday, March 14th. FTAI Infrastructure’s dividend payout ratio is presently -4.36%.

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.