FTAI Infrastructure Inc. (NASDAQ:FIP) Holdings Trimmed by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company trimmed its position in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) by 3.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 37,703 shares of the company’s stock after selling 1,286 shares during the period. The Manufacturers Life Insurance Company’s holdings in FTAI Infrastructure were worth $353,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its holdings in shares of FTAI Infrastructure by 22.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,483 shares of the company’s stock valued at $179,000 after acquiring an additional 5,244 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of 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 acquiring an additional 65,218 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of FTAI Infrastructure during the 2nd quarter valued at $134,000. Rhumbline Advisers grew its holdings in shares of FTAI Infrastructure by 17.1% during the 2nd quarter. Rhumbline Advisers now owns 154,509 shares of the company’s stock valued at $1,333,000 after acquiring an additional 22,569 shares in the last quarter. Finally, Arizona State Retirement System purchased a new position in shares of FTAI Infrastructure during the 2nd quarter valued at $246,000. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

FTAI Infrastructure Trading Down 2.1 %

FTAI Infrastructure stock opened at $8.03 on Monday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 6.07. FTAI Infrastructure Inc. has a 12 month low of $3.42 and a 12 month high of $10.45. The company’s fifty day simple moving average is $8.79 and its 200-day simple moving average is $8.93. The stock has a market cap of $913.37 million, a P/E ratio of -4.06 and a beta of 1.34.

FTAI Infrastructure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.49%. The ex-dividend date was Tuesday, November 12th. FTAI Infrastructure’s 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.