Inscription Capital LLC Purchases New Position in FTAI Infrastructure Inc. (NASDAQ:FIP)

Inscription Capital LLC acquired a new position in FTAI Infrastructure Inc. (NASDAQ:FIP) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 161,500 shares of the company’s stock, valued at approximately $732,000. Inscription Capital LLC owned approximately 0.14% of FTAI Infrastructure as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Rhumbline Advisers lifted its position in shares of FTAI Infrastructure by 1.4% in the 4th quarter. Rhumbline Advisers now owns 158,513 shares of the company’s stock worth $1,151,000 after purchasing an additional 2,141 shares during the period. Arizona State Retirement System raised its stake in FTAI Infrastructure by 10.1% in the fourth quarter. Arizona State Retirement System now owns 32,231 shares of the company’s stock worth $234,000 after buying an additional 2,948 shares in the last quarter. Invesco Ltd. raised its stake in FTAI Infrastructure by 1.8% in the fourth quarter. Invesco Ltd. now owns 196,041 shares of the company’s stock worth $1,423,000 after buying an additional 3,409 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in FTAI Infrastructure by 19.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 22,326 shares of the company’s stock worth $162,000 after buying an additional 3,610 shares during the period. Finally, Aigen Investment Management LP boosted its position in FTAI Infrastructure by 29.2% during the 4th quarter. Aigen Investment Management LP now owns 21,079 shares of the company’s stock valued at $153,000 after acquiring an additional 4,760 shares in the last quarter. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

FTAI Infrastructure Price Performance

FIP opened at $6.52 on Wednesday. The firm has a market capitalization of $748.24 million, a PE ratio of -4.94 and a beta of 1.95. The company has a debt-to-equity ratio of 7.90, a current ratio of 0.86 and a quick ratio of 0.86. The business’s 50-day moving average is $4.99 and its two-hundred day moving average is $5.95. FTAI Infrastructure Inc. has a 1 year low of $3.10 and a 1 year high of $10.46.

FTAI Infrastructure (NASDAQ:FIP) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.34) by $1.23. The business had revenue of $96.16 million for the quarter, compared to analysts’ expectations of $107.84 million. FTAI Infrastructure had a negative net margin of 16.69% and a negative return on equity of 0.20%.

FTAI Infrastructure Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th were paid a $0.03 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.12 annualized dividend and a yield of 1.84%. FTAI Infrastructure’s dividend payout ratio (DPR) is -9.09%.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reiterated a “market outperform” rating and issued a $12.00 price target on shares of FTAI Infrastructure in a report on Tuesday, April 22nd.

FTAI Infrastructure Company Profile

FTAI Infrastructure Inc focuses on acquiring, developing, and operating assets and businesses that represent infrastructure for customers in the transportation, energy, and industrial products industries in North America. The company operates through five segments: Railroad, Jefferson Terminal, Repauno, Power and Gas, and Sustainability and Energy Transition.