FTAI Infrastructure (NASDAQ:FIP) Shares Down 6.4% – Time to Sell?

FTAI Infrastructure Inc. (NASDAQ:FIP)’s stock price was down 6.4% during trading on Tuesday . The stock traded as low as $7.01 and last traded at $6.97. Approximately 333,575 shares were traded during trading, a decline of 64% from the average daily volume of 938,557 shares. The stock had previously closed at $7.44.

FTAI Infrastructure Stock Performance

The stock’s 50 day moving average is $7.93 and its two-hundred day moving average is $8.77. The firm has a market capitalization of $840.61 million, a P/E ratio of -3.73 and a beta of 1.45. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.42 and a quick ratio of 1.42.

FTAI Infrastructure (NASDAQ:FIP) last issued its quarterly earnings data on Wednesday, October 30th. The company reported ($0.45) EPS for the quarter. FTAI Infrastructure had a negative return on equity of 46.25% and a negative net margin of 44.32%. The business had revenue of $83.31 million for the quarter.

FTAI Infrastructure Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.62%. The ex-dividend date was Tuesday, November 12th. FTAI Infrastructure’s dividend payout ratio is -6.06%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FIP. Luxor Capital Group LP increased its stake in FTAI Infrastructure by 4.6% in the 3rd quarter. Luxor Capital Group LP now owns 5,940,484 shares of the company’s stock valued at $55,603,000 after buying an additional 258,591 shares during the last quarter. State Street Corp grew its holdings in shares of FTAI Infrastructure by 2.2% in the 3rd quarter. State Street Corp now owns 2,543,305 shares of the company’s stock valued at $23,805,000 after acquiring an additional 55,936 shares in the last quarter. Geode Capital Management LLC increased its position in shares of FTAI Infrastructure by 2.2% in the third quarter. Geode Capital Management LLC now owns 2,427,301 shares of the company’s stock valued at $22,724,000 after acquiring an additional 53,340 shares during the last quarter. Highland Peak Capital LLC raised its holdings in FTAI Infrastructure by 194.3% during the third quarter. Highland Peak Capital LLC now owns 1,755,349 shares of the company’s stock worth $16,430,000 after acquiring an additional 1,158,816 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in FTAI Infrastructure by 44.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,470,225 shares of the company’s stock valued at $12,688,000 after purchasing an additional 449,481 shares during the last quarter. 87.43% of the stock is owned by institutional investors and hedge funds.

About FTAI Infrastructure

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.