FTAI Infrastructure (NASDAQ:FIP) CFO Carl Russell Iv Fletcher Acquires 10,000 Shares

FTAI Infrastructure Inc. (NASDAQ:FIP) CFO Carl Russell Iv Fletcher purchased 10,000 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was bought at an average cost of $4.58 per share, with a total value of $45,800.00. Following the completion of the acquisition, the chief financial officer directly owned 40,000 shares of the company’s stock, valued at approximately $183,200. This trade represents a 33.33% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link.

FTAI Infrastructure Stock Performance

Shares of FTAI Infrastructure stock traded down $0.07 during trading hours on Thursday, reaching $4.56. The company had a trading volume of 539,329 shares, compared to its average volume of 1,032,356. FTAI Infrastructure Inc. has a one year low of $3.90 and a one year high of $7.93. The business has a fifty day simple moving average of $5.11 and a 200 day simple moving average of $5.21. The company has a debt-to-equity ratio of 110.28, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market cap of $538.83 million, a PE ratio of -1.01 and a beta of 1.96.

FTAI Infrastructure (NASDAQ:FIP) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($1.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.90). FTAI Infrastructure had a negative return on equity of 147.01% and a negative net margin of 68.58%.The company had revenue of $188.36 million during the quarter, compared to the consensus estimate of $182.41 million. The firm’s quarterly revenue was up 95.8% compared to the same quarter last year.

FTAI Infrastructure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, May 18th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $0.12 annualized dividend and a yield of 2.6%. FTAI Infrastructure’s dividend payout ratio (DPR) is currently -2.66%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Wall Street Zen lowered FTAI Infrastructure from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. BTIG Research lowered their price target on FTAI Infrastructure from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $9.00.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FIP. Larson Financial Group LLC increased its holdings in shares of FTAI Infrastructure by 6,941.7% in the fourth quarter. Larson Financial Group LLC now owns 8,098 shares of the company’s stock worth $37,000 after buying an additional 7,983 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of FTAI Infrastructure by 12,129.3% in the third quarter. Russell Investments Group Ltd. now owns 9,172 shares of the company’s stock worth $40,000 after buying an additional 9,097 shares during the period. GSA Capital Partners LLP purchased a new position in shares of FTAI Infrastructure in the third quarter worth about $46,000. Xponance LLC purchased a new position in shares of FTAI Infrastructure in the fourth quarter worth about $47,000. Finally, CIBC Bancorp USA Inc. purchased a new position in shares of FTAI Infrastructure in the third quarter worth about $50,000. Hedge funds and other institutional investors own 87.43% of the company’s stock.

FTAI Infrastructure Company Profile

FTAI Infrastructure Ltd (NASDAQ: FIP) is a closed-end investment company that acquires and manages infrastructure assets offering stable, long-term cash flows. The company targets core and core-plus infrastructure sectors with contracted or regulated revenue streams, aiming to deliver attractive risk-adjusted returns for its shareholders. FTAI Infrastructure’s portfolio is diversified across multiple sub-sectors, geographies and counterparties to manage risk and capture growth opportunities in global infrastructure markets.

The company focuses on three primary investment categories: communications infrastructure, transport and logistics infrastructure, and utility infrastructure.