FTAI Infrastructure (NASDAQ:FIP) Stock Price Down 3.8% – Should You Sell?

FTAI Infrastructure Inc. (NASDAQ:FIP) shares fell 3.8% during mid-day trading on Tuesday . The company traded as low as $5.43 and last traded at $5.39. 145,027 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 1,022,227 shares. The stock had previously closed at $5.60.

Analyst Ratings Changes

Several analysts have recently weighed in on FIP shares. Weiss Ratings restated a “sell (d-)” rating on shares of FTAI Infrastructure in a research report on Thursday, January 22nd. Wall Street Zen upgraded shares of FTAI Infrastructure from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, BTIG Research reissued a “buy” rating and issued a $10.00 price target on shares of FTAI Infrastructure in a research report on Friday, February 27th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $11.00.

FTAI Infrastructure Stock Performance

The company has a market cap of $593.16 million, a PE ratio of -2.18 and a beta of 1.86. The stock has a 50 day simple moving average of $5.79 and a two-hundred day simple moving average of $5.15. The company has a debt-to-equity ratio of 110.28, a current ratio of 1.18 and a quick ratio of 0.25.

FTAI Infrastructure (NASDAQ:FIP) last announced its earnings results on Thursday, February 26th. The company reported ($1.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.65). FTAI Infrastructure had a negative return on equity of 147.01% and a negative net margin of 31.93%.The business had revenue of $143.52 million for the quarter, compared to analysts’ expectations of $169.16 million.

FTAI Infrastructure Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, March 13th. FTAI Infrastructure’s dividend payout ratio is presently -5.22%.

Hedge Funds Weigh In On FTAI Infrastructure

A number of hedge funds and other institutional investors have recently made changes to their positions in FIP. Diamond Hill Capital Management Inc. raised its stake in FTAI Infrastructure by 35.3% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 1,786,946 shares of the company’s stock valued at $7,791,000 after acquiring an additional 465,779 shares during the last quarter. Frontier Capital Management Co. LLC grew its stake in shares of FTAI Infrastructure by 425.7% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 3,639,934 shares of the company’s stock valued at $22,458,000 after purchasing an additional 2,947,567 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in shares of FTAI Infrastructure by 28.1% in the third quarter. First Eagle Investment Management LLC now owns 2,226,353 shares of the company’s stock valued at $9,707,000 after purchasing an additional 488,182 shares during the period. Royce & Associates LP increased its holdings in shares of FTAI Infrastructure by 27.2% in the third quarter. Royce & Associates LP now owns 2,155,778 shares of the company’s stock valued at $9,399,000 after purchasing an additional 461,228 shares during the period. Finally, Ardsley Advisory Partners LP purchased a new stake in shares of FTAI Infrastructure during the second quarter worth approximately $1,234,000. 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.