FTAI Infrastructure Inc. (NASDAQ:FIP) Stake Boosted by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) by 113.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 518,294 shares of the company’s stock after buying an additional 275,903 shares during the quarter. JPMorgan Chase & Co. owned 0.46% of FTAI Infrastructure worth $4,851,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of FTAI Infrastructure in the third quarter worth $34,000. US Bancorp DE acquired a new position in FTAI Infrastructure during the third quarter valued at $52,000. Algert Global LLC purchased a new stake in FTAI Infrastructure in the 2nd quarter worth about $88,000. Cladis Investment Advisory LLC acquired a new stake in FTAI Infrastructure during the 3rd quarter worth about $94,000. Finally, Choreo LLC acquired a new stake in FTAI Infrastructure during the 2nd quarter worth about $100,000. 87.43% of the stock is owned by hedge funds and other institutional investors.

FTAI Infrastructure Price Performance

Shares of FIP opened at $7.44 on Friday. The business’s 50-day moving average is $8.09 and its 200-day moving average is $8.83. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market capitalization of $846.30 million, a price-to-earnings ratio of -3.76 and a beta of 1.45. FTAI Infrastructure Inc. has a fifty-two week low of $3.52 and a fifty-two week high of $10.45.

FTAI Infrastructure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders 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 1.61%. FTAI Infrastructure’s dividend payout ratio is presently -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.