Dimensional Fund Advisors LP Boosts Stock Position in FTAI Infrastructure Inc. (NASDAQ:FIP)

Dimensional Fund Advisors LP raised its stake in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) by 44.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,470,225 shares of the company’s stock after buying an additional 449,481 shares during the quarter. Dimensional Fund Advisors LP owned about 1.45% of FTAI Infrastructure worth $12,688,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of FIP. Luxor Capital Group LP raised its position in shares of FTAI Infrastructure by 49.0% during the 4th quarter. Luxor Capital Group LP now owns 4,269,813 shares of the company’s stock valued at $16,610,000 after buying an additional 1,403,628 shares in the last quarter. Orchard Capital Management LLC increased its stake in shares of 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 buying an additional 164,023 shares during the period. Bank of New York Mellon Corp raised its holdings in FTAI Infrastructure by 8.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 794,868 shares of the company’s stock valued at $6,860,000 after buying an additional 65,218 shares during the last quarter. Cruiser Capital Advisors LLC boosted its position in FTAI Infrastructure by 67.6% during the 1st quarter. Cruiser Capital Advisors LLC now owns 432,255 shares of the company’s stock valued at $2,709,000 after buying an additional 174,325 shares during the period. Finally, Inscription Capital LLC purchased a new position in shares of FTAI Infrastructure in the first quarter valued at about $1,103,000. 87.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, JMP Securities reiterated a “market outperform” rating and set a $12.00 target price on shares of FTAI Infrastructure in a report on Monday, August 5th.

FTAI Infrastructure Price Performance

Shares of FIP stock opened at $9.79 on Friday. The business’s 50 day moving average price is $9.21 and its 200-day moving average price is $8.37. FTAI Infrastructure Inc. has a fifty-two week low of $2.84 and a fifty-two week high of $10.45. The firm has a market cap of $995.58 million, a P/E ratio of -5.05 and a beta of 1.28. 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) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.17). The company had revenue of $84.89 million during the quarter. FTAI Infrastructure had a negative return on equity of 44.09% and a negative net margin of 49.85%.

FTAI Infrastructure Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Monday, August 12th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Monday, August 12th. FTAI Infrastructure’s dividend payout ratio is currently -6.19%.

Insider Activity

In other news, major shareholder Fig Buyer Gp, Llc sold 3,399,501 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $9.04, for a total value of $30,731,489.04. Following the sale, the insider now directly owns 8,418,561 shares of the company’s stock, valued at approximately $76,103,791.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.17% of the company’s stock.

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.