FTAI Infrastructure Inc. (NASDAQ:FIP) Shares Acquired by Swiss National Bank

Swiss National Bank raised its stake in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) by 9.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 218,700 shares of the company’s stock after purchasing an additional 18,600 shares during the period. Swiss National Bank owned 0.19% of FTAI Infrastructure worth $1,588,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its holdings in shares of FTAI Infrastructure by 198.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 848,363 shares of the company’s stock worth $7,941,000 after buying an additional 564,566 shares during the last quarter. FMR LLC grew its position in FTAI Infrastructure by 5,651.2% during the third 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 during the period. JPMorgan Chase & Co. increased its stake in FTAI Infrastructure by 113.8% during the third quarter. JPMorgan Chase & Co. now owns 518,294 shares of the company’s stock worth $4,851,000 after acquiring an additional 275,903 shares during the last quarter. Luxor Capital Group LP raised its holdings in shares of FTAI Infrastructure by 4.6% in the 3rd 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 period. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of FTAI Infrastructure during the 3rd quarter worth about $1,749,000. Hedge funds and other institutional investors own 87.43% of the company’s stock.

FTAI Infrastructure Stock Down 0.2 %

FIP opened at $4.68 on Friday. FTAI Infrastructure Inc. has a 1 year low of $4.62 and a 1 year high of $10.46. The firm has a 50 day moving average price of $5.99 and a 200 day moving average price of $7.64. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market cap of $533.25 million, a PE ratio of -2.36 and a beta of 1.52.

FTAI Infrastructure Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend was Friday, March 14th. FTAI Infrastructure’s dividend payout ratio is presently -4.36%.

About FTAI Infrastructure

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.