FTAI Infrastructure Inc. (NASDAQ:FIP) Shares Sold by AXQ Capital LP

AXQ Capital LP lessened its holdings in FTAI Infrastructure Inc. (NASDAQ:FIP) by 20.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,638 shares of the company’s stock after selling 2,939 shares during the quarter. AXQ Capital LP’s holdings in FTAI Infrastructure were worth $84,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Diamond Hill Capital Management Inc. acquired a new position in shares of FTAI Infrastructure in the 4th quarter valued at about $5,938,000. Charles Schwab Investment Management Inc. boosted its stake 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 acquiring an additional 564,566 shares during the period. First Eagle Investment Management LLC grew its holdings in shares of FTAI Infrastructure by 91.1% during 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 purchasing an additional 503,500 shares during the last quarter. FMR LLC raised its position in shares of 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 purchasing an additional 342,292 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of FTAI Infrastructure by 113.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 518,294 shares of the company’s stock worth $4,851,000 after purchasing an additional 275,903 shares during the last quarter. Institutional investors own 87.43% of the company’s stock.

FTAI Infrastructure Price Performance

Shares of FIP opened at $5.36 on Tuesday. FTAI Infrastructure Inc. has a 12 month low of $4.73 and a 12 month high of $10.46. 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 stock has a fifty day moving average price of $6.22 and a 200 day moving average price of $7.72. The company has a market cap of $610.73 million, a P/E ratio of -2.71 and a beta of 1.52.

FTAI Infrastructure Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors 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 dividend yield of 2.24%. FTAI Infrastructure’s dividend payout ratio (DPR) is presently -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.