20,811 Shares in FTAI Infrastructure Inc. (NASDAQ:FIP) Acquired by Intech Investment Management LLC

Intech Investment Management LLC bought a new stake in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 20,811 shares of the company’s stock, valued at approximately $195,000.

Other hedge funds have also made changes to their positions in the company. US Bancorp DE purchased a new position in shares of FTAI Infrastructure in the 3rd quarter valued at $52,000. Algert Global LLC bought a new position in FTAI Infrastructure in the second quarter worth about $88,000. Choreo LLC purchased a new stake in shares of FTAI Infrastructure during the second quarter valued at about $100,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of FTAI Infrastructure in the 2nd quarter valued at about $134,000. Finally, International Assets Investment Management LLC grew its position in shares of FTAI Infrastructure by 836.0% in the 3rd quarter. International Assets Investment Management LLC now owns 15,182 shares of the company’s stock worth $142,000 after buying an additional 13,560 shares during the last quarter. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

FTAI Infrastructure Trading Down 5.3 %

NASDAQ FIP opened at $8.26 on Friday. The firm has a market cap of $939.53 million, a PE ratio of -4.17 and a beta of 1.34. FTAI Infrastructure Inc. has a 52 week low of $3.42 and a 52 week high of $10.45. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 6.07. The company has a 50 day moving average price of $8.91 and a 200 day moving average price of $8.94.

FTAI Infrastructure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.12 annualized dividend and a dividend yield of 1.45%. FTAI Infrastructure’s dividend payout ratio is presently -6.06%.

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.