FTAI Infrastructure (NASDAQ:FIP) Hits New 52-Week Low – Here’s Why

FTAI Infrastructure Inc. (NASDAQ:FIP)’s share price reached a new 52-week low on Thursday . The stock traded as low as $4.86 and last traded at $4.93, with a volume of 131406 shares changing hands. The stock had previously closed at $4.95.

FTAI Infrastructure Price Performance

The company has a debt-to-equity ratio of 6.07, a current ratio of 1.42 and a quick ratio of 1.42. The company’s 50-day moving average price is $6.64 and its 200-day moving average price is $7.96. The company has a market cap of $548.82 million, a P/E ratio of -2.47 and a beta of 1.53.

FTAI Infrastructure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Friday, March 14th. FTAI Infrastructure’s dividend payout ratio is -4.36%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC boosted its position in FTAI Infrastructure by 5,651.2% during the 3rd quarter. FMR LLC now owns 348,349 shares of the company’s stock worth $3,261,000 after acquiring an additional 342,292 shares during the last quarter. Barclays PLC boosted its holdings in FTAI Infrastructure by 283.8% during the third quarter. Barclays PLC now owns 159,387 shares of the company’s stock worth $1,492,000 after purchasing an additional 117,863 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in FTAI Infrastructure by 198.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 848,363 shares of the company’s stock valued at $7,941,000 after purchasing an additional 564,566 shares in the last quarter. Highland Peak Capital LLC grew its position in FTAI Infrastructure by 194.3% in the third quarter. Highland Peak Capital LLC now owns 1,755,349 shares of the company’s stock valued at $16,430,000 after purchasing an additional 1,158,816 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in FTAI Infrastructure by 113.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 518,294 shares of the company’s stock valued at $4,851,000 after buying an additional 275,903 shares during the last quarter. 87.43% of the stock is owned by institutional investors and hedge funds.

About FTAI Infrastructure

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.