FTAI Infrastructure Inc. (NASDAQ:FIP) Shares Bought by State Street Corp

State Street Corp grew its stake in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) by 2.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,543,305 shares of the company’s stock after acquiring an additional 55,936 shares during the period. State Street Corp owned about 2.24% of FTAI Infrastructure worth $23,805,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of FIP. US Bancorp DE purchased a new stake in shares of FTAI Infrastructure in the 3rd quarter worth about $52,000. Cladis Investment Advisory LLC purchased a new stake in shares of FTAI Infrastructure in the third quarter valued at about $94,000. Algert Global LLC acquired a new stake in shares of FTAI Infrastructure in the second quarter valued at approximately $88,000. Choreo LLC purchased a new position in shares of FTAI Infrastructure during the 2nd quarter worth approximately $100,000. Finally, International Assets Investment Management LLC raised its position in shares of FTAI Infrastructure by 836.0% during the 3rd quarter. International Assets Investment Management LLC now owns 15,182 shares of the company’s stock worth $142,000 after purchasing an additional 13,560 shares during the last quarter. Hedge funds and other institutional investors own 87.43% of the company’s stock.

FTAI Infrastructure Price Performance

FIP stock opened at $7.22 on Monday. The stock’s 50 day moving average price is $8.60 and its 200 day moving average price is $8.91. The firm has a market cap of $821.24 million, a P/E ratio of -3.65 and a beta of 1.34. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.42 and a current ratio of 1.42. FTAI Infrastructure Inc. has a 1 year low of $3.42 and a 1 year high of $10.45.

FTAI Infrastructure Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were paid a $0.03 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $0.12 annualized dividend and a yield of 1.66%. FTAI Infrastructure’s payout ratio is currently -6.06%.

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.