Morey & Quinn Wealth Partners LLC Makes New $84,000 Investment in FTAI Infrastructure Inc. (NASDAQ:FIP)

Morey & Quinn Wealth Partners LLC acquired a new stake in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 11,633 shares of the company’s stock, valued at approximately $84,000.

Other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new position in FTAI Infrastructure during the 3rd quarter valued at $34,000. Cladis Investment Advisory LLC purchased a new stake in shares of FTAI Infrastructure during the third quarter valued at $94,000. Castellan Group bought a new position in shares of FTAI Infrastructure in the fourth quarter worth about $96,000. Proficio Capital Partners LLC purchased a new position in FTAI Infrastructure in the 4th quarter worth about $97,000. Finally, Hills Bank & Trust Co purchased a new position in FTAI Infrastructure in the 4th quarter worth about $103,000. Institutional investors own 87.43% of the company’s stock.

FTAI Infrastructure Price Performance

FTAI Infrastructure stock opened at $4.93 on Thursday. The stock has a market cap of $561.73 million, a price-to-earnings ratio of -2.49 and a beta of 1.52. The firm has a 50-day moving average of $6.11 and a two-hundred day moving average of $7.68. FTAI Infrastructure Inc. has a 1 year low of $4.73 and a 1 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.

FTAI Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Friday, March 14th were paid a $0.03 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.12 annualized dividend and a yield of 2.43%. FTAI Infrastructure’s dividend payout ratio (DPR) is currently -4.36%.

FTAI Infrastructure Company 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.