Doheny Asset Management CA Trims Stock Position in FTAI Infrastructure Inc. (NASDAQ:FIP)

Doheny Asset Management CA trimmed its holdings in FTAI Infrastructure Inc. (NASDAQ:FIP) by 8.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 174,010 shares of the company’s stock after selling 16,800 shares during the period. Doheny Asset Management CA owned 0.15% of FTAI Infrastructure worth $1,263,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. First Eagle Investment Management LLC raised its holdings in shares of FTAI Infrastructure by 91.1% in the fourth quarter. First Eagle Investment Management LLC now owns 1,056,241 shares of the company’s stock valued at $7,668,000 after buying an additional 503,500 shares during the last quarter. Diamond Hill Capital Management Inc. purchased a new stake in shares of FTAI Infrastructure in the fourth quarter valued at about $5,938,000. Swiss National Bank raised its holdings in shares of FTAI Infrastructure by 9.3% in the fourth quarter. Swiss National Bank now owns 218,700 shares of the company’s stock valued at $1,588,000 after buying an additional 18,600 shares during the last quarter. AlphaQuest LLC purchased a new stake in shares of FTAI Infrastructure in the fourth quarter valued at about $527,000. Finally, Raymond James Financial Inc. acquired a new position in shares of FTAI Infrastructure during the fourth quarter worth about $347,000. 87.43% of the stock is owned by hedge funds and other institutional investors.

FTAI Infrastructure Trading Down 1.4 %

Shares of FTAI Infrastructure stock opened at $4.80 on Friday. FTAI Infrastructure Inc. has a 52-week low of $4.73 and a 52-week high of $10.46. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 6.07. The company’s 50-day simple moving average is $6.54 and its 200-day simple moving average is $7.91. The firm has a market cap of $545.98 million, a price-to-earnings ratio of -2.42 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. Stockholders of record on Friday, March 14th will be paid a dividend of $0.03 per share. The ex-dividend date is Friday, March 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.50%. FTAI Infrastructure’s dividend payout ratio (DPR) is -4.36%.

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.