Acropolis Investment Management LLC Acquires New Position in FTAI Infrastructure Inc. $FIP

Acropolis Investment Management LLC acquired a new stake in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) during the second quarter, HoldingsChannel reports. The fund acquired 10,080 shares of the company’s stock, valued at approximately $62,000.

Other large investors also recently modified their holdings of the company. Teacher Retirement System of Texas purchased a new position in shares of FTAI Infrastructure during the 1st quarter valued at about $68,000. Aigen Investment Management LP raised its holdings in shares of FTAI Infrastructure by 16.9% during the 1st quarter. Aigen Investment Management LP now owns 24,647 shares of the company’s stock valued at $112,000 after buying an additional 3,568 shares in the last quarter. Fortitude Advisory Group L.L.C. bought a new position in FTAI Infrastructure during the 1st quarter worth approximately $113,000. Y Intercept Hong Kong Ltd bought a new position in FTAI Infrastructure during the 1st quarter worth approximately $127,000. Finally, Stephens Inc. AR grew its position in FTAI Infrastructure by 10.6% during the 1st quarter. Stephens Inc. AR now owns 33,450 shares of the company’s stock worth $152,000 after acquiring an additional 3,200 shares during the last quarter. 87.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Carl Russell Iv Fletcher acquired 10,000 shares of the stock in a transaction dated Thursday, August 21st. The stock was acquired at an average cost of $4.48 per share, with a total value of $44,800.00. Following the purchase, the chief financial officer directly owned 30,000 shares of the company’s stock, valued at approximately $134,400. This trade represents a 50.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.17% of the stock is owned by insiders.

FTAI Infrastructure Stock Performance

NASDAQ:FIP opened at $4.74 on Tuesday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 13.30. FTAI Infrastructure Inc. has a 12-month low of $3.10 and a 12-month high of $9.96. The stock has a 50-day moving average price of $5.36 and a 200 day moving average price of $5.23. The stock has a market capitalization of $545.53 million, a P/E ratio of -3.10 and a beta of 1.88.

FTAI Infrastructure (NASDAQ:FIP) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($0.73) EPS for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.36). FTAI Infrastructure had a negative net margin of 20.85% and a negative return on equity of 10.14%. The firm had revenue of $122.29 million for the quarter, compared to the consensus estimate of $151.77 million.

FTAI Infrastructure Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 8th. Investors of record on Monday, August 25th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, August 25th. This represents a $0.12 dividend on an annualized basis and a yield of 2.5%. FTAI Infrastructure’s dividend payout ratio is presently -7.84%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut FTAI Infrastructure from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, FTAI Infrastructure has a consensus rating of “Buy” and an average target price of $12.00.

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.