FTAI Infrastructure (NASDAQ:FIP) CFO Carl Russell Iv Fletcher Buys 5,000 Shares of Stock

FTAI Infrastructure Inc. (NASDAQ:FIP) CFO Carl Russell Iv Fletcher bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 10th. The shares were bought at an average price of $3.79 per share, for a total transaction of $18,950.00. Following the completion of the acquisition, the chief financial officer owned 45,000 shares in the company, valued at approximately $170,550. This trade represents a 12.50% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

FTAI Infrastructure Price Performance

NASDAQ FIP traded up $0.13 on Tuesday, reaching $3.84. The company had a trading volume of 3,982,008 shares, compared to its average volume of 1,192,981. The firm has a market capitalization of $453.81 million, a PE ratio of -0.76 and a beta of 1.82. FTAI Infrastructure Inc. has a 1 year low of $2.23 and a 1 year high of $6.69. The firm has a 50-day moving average of $2.89 and a 200-day moving average of $4.43.

FTAI Infrastructure (NASDAQ:FIP) last issued its quarterly earnings data on Thursday, November 5th. The company reported ($1.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.55) by ($0.72). The business had revenue of $218.97 million for the quarter, compared to the consensus estimate of $195.03 million.

FTAI Infrastructure Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 7th. Stockholders of record on Monday, November 23rd will be paid a $0.03 dividend. The ex-dividend date is Monday, November 23rd. This represents a $0.12 annualized dividend and a dividend yield of 3.1%. FTAI Infrastructure’s dividend payout ratio is -2.36%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. UBS Group reiterated a “buy” rating on shares of FTAI Infrastructure in a report on Friday. Citigroup reaffirmed a “market outperform” rating on shares of FTAI Infrastructure in a research report on Tuesday, September 29th. Jefferies Financial Group set a $10.00 price target on FTAI Infrastructure in a research note on Tuesday, September 29th. BTIG Research dropped their target price on shares of FTAI Infrastructure from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Friday. Finally, Wall Street Zen lowered shares of FTAI Infrastructure from a “sell” rating to a “strong sell” rating in a research note on Monday, July 20th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $9.75.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. WINTON GROUP Ltd acquired a new position in shares of FTAI Infrastructure in the 2nd quarter worth approximately $65,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of FTAI Infrastructure during the 2nd quarter valued at approximately $75,000. Connective Capital Management LLC acquired a new stake in shares of FTAI Infrastructure during the 2nd quarter valued at approximately $167,000. Royal Bank of Canada lifted its stake in FTAI Infrastructure by 47.2% during the first quarter. Royal Bank of Canada now owns 69,236 shares of the company’s stock worth $341,000 after purchasing an additional 22,214 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its stake in FTAI Infrastructure by 28.3% during the first quarter. Quantinno Capital Management LP now owns 86,840 shares of the company’s stock worth $429,000 after purchasing an additional 19,155 shares during the last quarter. Institutional investors own 87.43% of the company’s stock.

About FTAI Infrastructure

FTAI Infrastructure Inc. is an infrastructure company that owns and operates critical transportation and energy assets. Its portfolio is designed to support the movement, storage and processing of essential commodities and industrial products, with a focus on long-lived infrastructure that serves industrial and logistics customers. The company’s businesses include Transtar, an industrial rail network serving manufacturing facilities, ports and other freight customers; Jefferson Terminal, a multimodal port and logistics facility on the U.S. Gulf Coast; and Long Ridge Energy Terminal, an energy infrastructure complex in Ohio that includes natural gas-fired power generation and related facilities.