FTAI Infrastructure (NASDAQ:FIP) Trading Down 6.6% – What’s Next?

FTAI Infrastructure Inc. (NASDAQ:FIP) shares dropped 6.6% during trading on Monday . The company traded as low as $4.57 and last traded at $4.6250. Approximately 572,466 shares were traded during trading, a decline of 44% from the average session volume of 1,020,078 shares. The stock had previously closed at $4.95.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on FIP shares. 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 research report on Friday, May 8th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of FTAI Infrastructure in a report on Friday, June 12th. Finally, Wall Street Zen lowered shares of FTAI Infrastructure from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, FTAI Infrastructure presently has an average rating of “Hold” and an average target price of $9.00.

FTAI Infrastructure Trading Down 10.4%

The firm has a market capitalization of $524.04 million, a PE ratio of -0.98 and a beta of 1.79. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 110.28. The business’s fifty day moving average price is $4.88 and its 200 day moving average price is $5.23.

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

FTAI Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Monday, May 18th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Monday, May 18th. FTAI Infrastructure’s dividend payout ratio is presently -2.66%.

Insider Buying and Selling at FTAI Infrastructure

In other news, CFO Carl Russell Iv Fletcher bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were acquired at an average cost of $4.58 per share, with a total value of $45,800.00. Following the transaction, the chief financial officer owned 40,000 shares of the company’s stock, valued at $183,200. This represents a 33.33% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.17% of the company’s stock.

Institutional Investors Weigh In On FTAI Infrastructure

Institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its stake in shares of FTAI Infrastructure by 2.8% in the 4th quarter. AQR Capital Management LLC now owns 70,436 shares of the company’s stock valued at $325,000 after purchasing an additional 1,920 shares in the last quarter. Merit Financial Group LLC increased its position in FTAI Infrastructure by 21.3% during the 4th quarter. Merit Financial Group LLC now owns 15,858 shares of the company’s stock worth $73,000 after purchasing an additional 2,787 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in FTAI Infrastructure by 9.9% in the third quarter. Mercer Global Advisors Inc. ADV now owns 33,171 shares of the company’s stock valued at $145,000 after buying an additional 2,979 shares during the period. Rhumbline Advisers raised its holdings in FTAI Infrastructure by 1.9% in the third quarter. Rhumbline Advisers now owns 194,180 shares of the company’s stock valued at $847,000 after buying an additional 3,620 shares during the period. Finally, Bank of America Corp DE lifted its position in FTAI Infrastructure by 1.7% during the first quarter. Bank of America Corp DE now owns 281,015 shares of the company’s stock valued at $1,388,000 after buying an additional 4,810 shares in the last quarter. 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.