Teachers Retirement System of The State of Kentucky Makes New Investment in FTAI Infrastructure Inc. $FIP

Teachers Retirement System of The State of Kentucky bought a new position in FTAI Infrastructure Inc. (NASDAQ:FIP) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 302,409 shares of the company’s stock, valued at approximately $1,394,000.

Several other hedge funds have also made changes to their positions in FIP. Wellington Management Group LLP bought a new position in shares of FTAI Infrastructure in the 3rd quarter worth $28,939,000. Alliancebernstein L.P. raised its position in shares of FTAI Infrastructure by 3,990.2% in the 3rd quarter. Alliancebernstein L.P. now owns 4,009,630 shares of the company’s stock worth $17,482,000 after acquiring an additional 3,911,600 shares in the last quarter. Northern Right Capital Management L.P. bought a new position in shares of FTAI Infrastructure in the 2nd quarter worth $5,465,000. Shay Capital LLC raised its position in shares of FTAI Infrastructure by 141.9% in the 3rd quarter. Shay Capital LLC now owns 1,270,060 shares of the company’s stock worth $5,537,000 after acquiring an additional 745,060 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its position in shares of FTAI Infrastructure by 28.1% in the 3rd quarter. First Eagle Investment Management LLC now owns 2,226,353 shares of the company’s stock worth $9,707,000 after acquiring an additional 488,182 shares in the last quarter. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

FTAI Infrastructure Trading Up 1.3%

FTAI Infrastructure stock opened at $5.58 on Wednesday. The stock has a 50-day moving average of $5.49 and a two-hundred day moving average of $5.30. The company has a debt-to-equity ratio of 110.28, a quick ratio of 1.18 and a current ratio of 1.18. FTAI Infrastructure Inc. has a one year low of $3.90 and a one year high of $7.93. The stock has a market cap of $659.33 million, a PE ratio of -2.43 and a beta of 1.90.

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

FTAI Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th were issued a $0.03 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.2%. FTAI Infrastructure’s dividend payout ratio is currently -5.22%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on FIP. Wall Street Zen lowered FTAI Infrastructure from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. 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. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of FTAI Infrastructure in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $10.00.

About FTAI Infrastructure

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.