Hills Bank & Trust Co Acquires New Position in FTAI Infrastructure Inc. (NASDAQ:FIP)

Hills Bank & Trust Co acquired a new stake in FTAI Infrastructure Inc. (NASDAQ:FIP) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 14,233 shares of the company’s stock, valued at approximately $103,000.

Other hedge funds have also recently added to or reduced their stakes in the company. First Eagle Investment Management LLC increased its holdings in 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 in the last quarter. Diamond Hill Capital Management Inc. purchased a new position in FTAI Infrastructure in the fourth quarter valued at about $5,938,000. Swiss National Bank increased its holdings in 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 in the last quarter. AlphaQuest LLC purchased a new position in FTAI Infrastructure in the fourth quarter valued at about $527,000. Finally, Raymond James Financial Inc. purchased a new position in FTAI Infrastructure in the fourth quarter valued at about $347,000. Institutional investors and hedge funds own 87.43% of the company’s stock.

FTAI Infrastructure Trading Down 1.4 %

Shares of FTAI Infrastructure stock opened at $4.80 on Friday. FTAI Infrastructure Inc. has a 12-month low of $4.73 and a 12-month high of $10.46. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 6.07. The stock has a market cap of $545.98 million, a PE ratio of -2.42 and a beta of 1.53. The company has a 50-day moving average of $6.54 and a two-hundred day moving average of $7.90.

FTAI Infrastructure Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be issued a $0.03 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.12 dividend on an annualized basis and a yield of 2.50%. FTAI Infrastructure’s dividend payout ratio (DPR) is presently -4.36%.

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.