Cruiser Capital Advisors LLC Has $2.75 Million Stock Position in FTAI Infrastructure Inc. (NASDAQ:FIP)

Cruiser Capital Advisors LLC cut its holdings in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) by 11.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 378,876 shares of the company’s stock after selling 47,751 shares during the quarter. FTAI Infrastructure comprises 1.5% of Cruiser Capital Advisors LLC’s investment portfolio, making the stock its 11th largest holding. Cruiser Capital Advisors LLC owned approximately 0.33% of FTAI Infrastructure worth $2,751,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of FTAI Infrastructure by 12.6% in the fourth quarter. Vanguard Group Inc. now owns 6,537,542 shares of the company’s stock valued at $47,463,000 after buying an additional 730,895 shares during the period. Luxor Capital Group LP lifted its position in shares of FTAI Infrastructure by 4.6% in the 3rd quarter. Luxor Capital Group LP now owns 5,940,484 shares of the company’s stock worth $55,603,000 after acquiring an additional 258,591 shares during the period. State Street Corp grew its holdings in shares of FTAI Infrastructure by 2.2% during the 3rd quarter. State Street Corp now owns 2,543,305 shares of the company’s stock worth $23,805,000 after purchasing an additional 55,936 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of FTAI Infrastructure by 2.2% during 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 in the last quarter. Finally, First Eagle Investment Management LLC raised its stake in shares of FTAI Infrastructure by 91.1% in the fourth quarter. First Eagle Investment Management LLC now owns 1,056,241 shares of the company’s stock valued at $7,668,000 after purchasing an additional 503,500 shares in the last quarter. 87.43% of the stock is owned by institutional investors.

FTAI Infrastructure Stock Up 1.1 %

Shares of FIP stock opened at $5.36 on Tuesday. FTAI Infrastructure Inc. has a one year low of $4.73 and a one year high of $10.46. 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 stock has a fifty day moving average price of $6.22 and a 200 day moving average price of $7.72. The stock has a market cap of $610.73 million, a P/E ratio of -2.71 and a beta of 1.52.

FTAI Infrastructure Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th will be given a dividend of $0.03 per share. The ex-dividend date is Friday, March 14th. This represents a $0.12 annualized dividend and a dividend yield of 2.24%. FTAI Infrastructure’s dividend payout ratio (DPR) is currently -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.