38,343 Shares in FTAI Infrastructure Inc. (NASDAQ:FIP) Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. bought a new stake in FTAI Infrastructure Inc. (NASDAQ:FIP) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 38,343 shares of the company’s stock, valued at approximately $278,000.

Other institutional investors have also recently bought and sold shares of the company. Luxor Capital Group LP lifted its holdings in shares of FTAI Infrastructure by 4.6% during the third quarter. Luxor Capital Group LP now owns 5,940,484 shares of the company’s stock worth $55,603,000 after buying an additional 258,591 shares during the last quarter. State Street Corp boosted its holdings in 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 purchasing an additional 55,936 shares during the period. Geode Capital Management LLC grew its position in FTAI Infrastructure by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 2,427,301 shares of the company’s stock worth $22,724,000 after purchasing an additional 53,340 shares during the last quarter. First Eagle Investment Management LLC grew its position in FTAI Infrastructure by 91.1% in the 4th quarter. First Eagle Investment Management LLC now owns 1,056,241 shares of the company’s stock worth $7,668,000 after purchasing an additional 503,500 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of FTAI Infrastructure by 7.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 915,386 shares of the company’s stock valued at $6,646,000 after buying an additional 67,023 shares during the last quarter. Institutional investors own 87.43% of the company’s stock.

FTAI Infrastructure Stock Down 4.9 %

NASDAQ FIP opened at $4.69 on Friday. FTAI Infrastructure Inc. has a twelve month low of $4.69 and a twelve month high of $10.46. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a market cap of $534.39 million, a PE ratio of -2.37 and a beta of 1.52. The firm has a 50-day simple moving average of $6.04 and a 200 day simple moving average of $7.66.

FTAI Infrastructure Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 2.56%. The ex-dividend date was Friday, March 14th. FTAI Infrastructure’s payout ratio is presently -4.36%.

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.