Choreo LLC Takes Position in FTAI Infrastructure Inc. (NASDAQ:FIP)

Choreo LLC bought a new stake in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 11,452 shares of the company’s stock, valued at approximately $100,000.

Other large investors have also recently made changes to their positions in the company. Pingora Partners LLC purchased a new stake in FTAI Infrastructure in the fourth quarter worth about $6,102,000. Luxor Capital Group LP lifted its stake in FTAI Infrastructure by 49.0% in the fourth quarter. Luxor Capital Group LP now owns 4,269,813 shares of the company’s stock worth $16,610,000 after acquiring an additional 1,403,628 shares during the period. Cruiser Capital Advisors LLC lifted its stake in FTAI Infrastructure by 67.6% in the first quarter. Cruiser Capital Advisors LLC now owns 432,255 shares of the company’s stock worth $2,709,000 after acquiring an additional 174,325 shares during the period. Inscription Capital LLC purchased a new stake in FTAI Infrastructure in the first quarter worth about $1,103,000. Finally, Orchard Capital Management LLC lifted its stake in FTAI Infrastructure by 7.1% in the fourth quarter. Orchard Capital Management LLC now owns 2,471,786 shares of the company’s stock worth $9,615,000 after acquiring an additional 164,023 shares during the period. 87.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, major shareholder Fig Buyer Gp, Llc sold 3,399,501 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $9.04, for a total transaction of $30,731,489.04. Following the transaction, the insider now owns 8,418,561 shares in the company, valued at $76,103,791.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.17% of the company’s stock.

FTAI Infrastructure Stock Performance

FIP stock opened at $9.24 on Friday. The firm has a market cap of $939.65 million, a price-to-earnings ratio of -4.76 and a beta of 1.29. The firm has a 50-day simple moving average of $9.34 and a two-hundred day simple moving average of $8.11. FTAI Infrastructure Inc. has a one year low of $2.84 and a one year high of $10.45. The company has a debt-to-equity ratio of 5.42, a quick ratio of 2.10 and a current ratio of 2.10.

FTAI Infrastructure (NASDAQ:FIP) last released its quarterly earnings results on Friday, August 2nd. The company reported ($0.52) EPS for the quarter, missing the consensus estimate of ($0.35) by ($0.17). The firm had revenue of $84.89 million for the quarter. FTAI Infrastructure had a negative net margin of 49.85% and a negative return on equity of 44.09%.

FTAI Infrastructure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Monday, August 12th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.12 annualized dividend and a dividend yield of 1.30%. FTAI Infrastructure’s dividend payout ratio (DPR) is currently -6.19%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. BTIG Research upped their price objective on shares of FTAI Infrastructure from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. JMP Securities reaffirmed a “market outperform” rating and issued a $12.00 price objective on shares of FTAI Infrastructure in a research note on Monday, August 5th.

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.