Bank of New York Mellon Corp Has $4.12 Million Stake in FTAI Infrastructure Inc. (NASDAQ:FIP)

Bank of New York Mellon Corp lowered its position in FTAI Infrastructure Inc. (NASDAQ:FIP) by 24.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 568,098 shares of the company’s stock after selling 184,480 shares during the period. Bank of New York Mellon Corp owned 0.50% of FTAI Infrastructure worth $4,124,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of FIP. Rhumbline Advisers raised its position in FTAI Infrastructure by 1.4% in the 4th quarter. Rhumbline Advisers now owns 158,513 shares of the company’s stock worth $1,151,000 after purchasing an additional 2,141 shares during the last quarter. Castellan Group acquired a new stake in shares of FTAI Infrastructure in the 4th quarter valued at $96,000. SG Americas Securities LLC raised its position in shares of FTAI Infrastructure by 80.1% during the fourth quarter. SG Americas Securities LLC now owns 53,420 shares of the company’s stock worth $388,000 after acquiring an additional 23,766 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of FTAI Infrastructure by 113.8% during the third 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 during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in FTAI Infrastructure in the third quarter valued at about $34,000. 87.43% of the stock is owned by institutional investors and hedge funds.

FTAI Infrastructure Stock Down 2.8 %

Shares of NASDAQ:FIP opened at $5.12 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 stock has a market cap of $582.37 million, a price-to-earnings ratio of -2.59 and a beta of 1.52. The company has a 50 day moving average of $6.45 and a 200-day moving average of $7.83. FTAI Infrastructure Inc. has a one year low of $4.73 and a one year high of $10.46.

FTAI Infrastructure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 2.34%. The ex-dividend date is Friday, March 14th. FTAI Infrastructure’s dividend payout ratio (DPR) is -4.36%.

FTAI Infrastructure 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.