FTAI Infrastructure Inc. (NASDAQ:FIP) Position Lifted by Arizona State Retirement System

Arizona State Retirement System raised its stake in FTAI Infrastructure Inc. (NASDAQ:FIP) by 10.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 32,231 shares of the company’s stock after purchasing an additional 2,948 shares during the period. Arizona State Retirement System’s holdings in FTAI Infrastructure were worth $234,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of FIP. Highland Peak Capital LLC increased its holdings in FTAI Infrastructure by 194.3% in the third quarter. Highland Peak Capital LLC now owns 1,755,349 shares of the company’s stock valued at $16,430,000 after buying an additional 1,158,816 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of FTAI Infrastructure by 198.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 848,363 shares of the company’s stock valued at $7,941,000 after acquiring an additional 564,566 shares during the last quarter. FMR LLC raised its position in shares of FTAI Infrastructure by 5,651.2% during the 3rd quarter. FMR LLC now owns 348,349 shares of the company’s stock valued at $3,261,000 after acquiring an additional 342,292 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of FTAI Infrastructure by 113.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 518,294 shares of the company’s stock valued at $4,851,000 after acquiring an additional 275,903 shares in the last quarter. Finally, Luxor Capital Group LP lifted its stake in FTAI Infrastructure by 4.6% during the third quarter. Luxor Capital Group LP now owns 5,940,484 shares of the company’s stock worth $55,603,000 after purchasing an additional 258,591 shares during the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.

FTAI Infrastructure Stock Down 1.4 %

FIP stock opened at $4.80 on Friday. The firm has a fifty day moving average price of $6.54 and a two-hundred day moving average price of $7.90. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.42 and a quick ratio of 1.42. FTAI Infrastructure Inc. has a 1-year low of $4.73 and a 1-year high of $10.46. The firm has a market cap of $545.98 million, a price-to-earnings ratio of -2.42 and a beta of 1.53.

FTAI Infrastructure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Friday, March 14th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.12 annualized dividend and a yield of 2.50%. FTAI Infrastructure’s dividend payout ratio (DPR) is -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.