MYDA Advisors LLC Sells 122,000 Shares of FTAI Infrastructure Inc. $FIP

MYDA Advisors LLC lessened its stake in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) by 41.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 173,000 shares of the company’s stock after selling 122,000 shares during the quarter. MYDA Advisors LLC’s holdings in FTAI Infrastructure were worth $798,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Larson Financial Group LLC lifted its position in shares of FTAI Infrastructure by 6,941.7% during the 4th 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. Lazard Asset Management LLC acquired a new stake in FTAI Infrastructure during the 2nd quarter valued at $55,000. Russell Investments Group Ltd. increased its holdings in FTAI Infrastructure by 12,129.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 9,172 shares of the company’s stock valued at $40,000 after purchasing an additional 9,097 shares in the last quarter. Xponance LLC acquired a new stake in FTAI Infrastructure during the 4th quarter valued at $47,000. Finally, Brown Advisory Inc. acquired a new stake in FTAI Infrastructure during the 2nd quarter valued at $63,000. Institutional investors own 87.43% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Wall Street Zen cut FTAI Infrastructure from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. BTIG Research dropped their price target on FTAI Infrastructure from $10.00 to $9.00 and set a “buy” rating for the company in a report on Friday, May 8th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, FTAI Infrastructure presently has an average rating of “Hold” and an average price target of $9.00.

Insider Activity at FTAI Infrastructure

In other news, CFO Carl Russell Iv Fletcher bought 10,000 shares of the 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 purchase, the chief financial officer owned 40,000 shares of the company’s stock, valued at approximately $183,200. This represents a 33.33% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.17% of the company’s stock.

FTAI Infrastructure Stock Performance

FIP stock opened at $4.82 on Monday. The business has a fifty day moving average price of $5.00 and a 200 day moving average price of $5.21. FTAI Infrastructure Inc. has a fifty-two week low of $3.90 and a fifty-two week high of $7.93. The stock has a market capitalization of $569.53 million, a price-to-earnings ratio of -1.07 and a beta of 1.79. The company has a debt-to-equity ratio of 110.28, a current ratio of 1.10 and a quick ratio of 1.10.

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

FTAI Infrastructure Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Monday, May 18th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Monday, May 18th. FTAI Infrastructure’s dividend payout ratio (DPR) is -2.66%.

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.