Inscription Capital LLC Purchases Shares of 161,500 FTAI Infrastructure Inc. (NASDAQ:FIP)

Inscription Capital LLC purchased a new position in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) during the first quarter, Holdings Channel.com reports. The fund purchased 161,500 shares of the company’s stock, valued at approximately $732,000.

Other large investors have also modified their holdings of the company. Hood River Capital Management LLC raised its stake in FTAI Infrastructure by 32.7% in the 4th quarter. Hood River Capital Management LLC now owns 5,891,840 shares of the company’s stock worth $42,775,000 after acquiring an additional 1,452,567 shares during the last quarter. Diamond Hill Capital Management Inc. acquired a new position in shares of FTAI Infrastructure in the fourth quarter valued at about $5,938,000. Capital International Investors raised its stake in shares of FTAI Infrastructure by 17.0% in the fourth quarter. Capital International Investors now owns 5,345,350 shares of the company’s stock worth $38,807,000 after purchasing an additional 778,376 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of FTAI Infrastructure by 12.6% during the fourth quarter. Vanguard Group Inc. now owns 6,537,542 shares of the company’s stock worth $47,463,000 after purchasing an additional 730,895 shares during the period. Finally, Balyasny Asset Management L.P. lifted its holdings in shares of FTAI Infrastructure by 49.3% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,081,888 shares of the company’s stock worth $15,115,000 after purchasing an additional 687,413 shares during the period. Hedge funds and other institutional investors own 87.43% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JMP Securities reiterated a “market outperform” rating and issued a $12.00 price target on shares of FTAI Infrastructure in a report on Tuesday, April 22nd.

FTAI Infrastructure Stock Down 3.1%

NASDAQ:FIP opened at $6.52 on Wednesday. The company has a debt-to-equity ratio of 7.90, a current ratio of 0.86 and a quick ratio of 0.86. The company’s fifty day moving average price is $4.99 and its 200-day moving average price is $5.95. FTAI Infrastructure Inc. has a 1-year low of $3.10 and a 1-year high of $10.46. The firm has a market capitalization of $748.24 million, a P/E ratio of -4.94 and a beta of 1.95.

FTAI Infrastructure (NASDAQ:FIP) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.89 EPS for the quarter, beating the consensus estimate of ($0.34) by $1.23. The company had revenue of $96.16 million for the quarter, compared to analyst estimates of $107.84 million. FTAI Infrastructure had a negative net margin of 16.69% and a negative return on equity of 0.20%.

FTAI Infrastructure Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th were paid a $0.03 dividend. The ex-dividend date was Monday, May 19th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.84%. FTAI Infrastructure’s payout ratio is -9.09%.

FTAI Infrastructure 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.