FTAI Infrastructure Inc. (NASDAQ:FIP – Get Free Report)’s stock price traded up 11% during mid-day trading on Monday . The stock traded as high as $4.62 and last traded at $4.6180. 567,470 shares were traded during trading, a decline of 44% from the average session volume of 1,019,855 shares. The stock had previously closed at $4.16.
Wall Street Analysts Forecast Growth
FIP has been the subject of a number of analyst reports. BTIG Research lowered their price objective 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. Wall Street Zen downgraded shares of FTAI Infrastructure from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $9.00.
Read Our Latest Analysis on FIP
FTAI Infrastructure Stock Performance
FTAI Infrastructure (NASDAQ:FIP – Get Free Report) last posted 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 return on equity of 147.01% and a negative net margin of 68.58%.The firm had revenue of $188.36 million for the quarter, compared to analyst estimates of $182.41 million. The firm’s quarterly revenue was up 95.8% on a year-over-year basis.
FTAI Infrastructure Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Monday, May 18th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Monday, May 18th. FTAI Infrastructure’s payout ratio is -2.66%.
Insider Buying and Selling at FTAI Infrastructure
In other FTAI Infrastructure news, CFO Carl Russell Iv Fletcher acquired 10,000 shares of FTAI Infrastructure stock in a transaction dated Thursday, May 28th. The stock was purchased at an average cost of $4.58 per share, for a total transaction of $45,800.00. Following the completion of the acquisition, the chief financial officer directly owned 40,000 shares of the company’s stock, valued at $183,200. This represents a 33.33% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.17% of the company’s stock.
Hedge Funds Weigh In On FTAI Infrastructure
A number of hedge funds have recently added to or reduced their stakes in FIP. Larson Financial Group LLC raised its stake in shares of FTAI Infrastructure by 6,941.7% in the fourth quarter. Larson Financial Group LLC now owns 8,098 shares of the company’s stock worth $37,000 after purchasing an additional 7,983 shares during the last quarter. Lazard Asset Management LLC purchased a new position in shares of FTAI Infrastructure during the second quarter valued at approximately $55,000. Russell Investments Group Ltd. grew its holdings in FTAI Infrastructure by 12,129.3% during the third quarter. Russell Investments Group Ltd. now owns 9,172 shares of the company’s stock worth $40,000 after buying an additional 9,097 shares in the last quarter. Xponance LLC purchased a new stake in FTAI Infrastructure in the 4th quarter valued at $47,000. Finally, Brown Advisory Inc. purchased a new stake in FTAI Infrastructure in the 2nd quarter valued at $63,000. Institutional investors and hedge funds 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.
Featured Articles
- Five stocks we like better than FTAI Infrastructure
- This Tech ETF Is Beating QQQ—and Canada May Be Part of the Reason
- Intel Is the Market’s Most Mispriced AI Hedge
- The Biggest Opportunity From SpaceX’s IPO May Surprise You
- Palantir’s AIPCon Shows Why Customers Are Fueling the Bull Case
Receive News & Ratings for FTAI Infrastructure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FTAI Infrastructure and related companies with MarketBeat.com's FREE daily email newsletter.
