FTAI Infrastructure Inc. $FIP Stake Boosted by Stephens Inc. AR

Stephens Inc. AR increased its position in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) by 38.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,410 shares of the company’s stock after purchasing an additional 12,960 shares during the quarter. Stephens Inc. AR’s holdings in FTAI Infrastructure were worth $286,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Acropolis Investment Management LLC bought a new position in FTAI Infrastructure during the second quarter worth $62,000. Teacher Retirement System of Texas bought a new position in FTAI Infrastructure during the first quarter worth $68,000. Aigen Investment Management LP lifted its stake in FTAI Infrastructure by 16.9% during the first quarter. Aigen Investment Management LP now owns 24,647 shares of the company’s stock worth $112,000 after purchasing an additional 3,568 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in FTAI Infrastructure during the first quarter worth $127,000. Finally, Clear Harbor Asset Management LLC lifted its stake in FTAI Infrastructure by 40.0% in the second quarter. Clear Harbor Asset Management LLC now owns 28,000 shares of the company’s stock valued at $173,000 after buying an additional 8,000 shares during the last quarter. 87.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on FIP shares. Weiss Ratings reissued a “sell (d-)” rating on shares of FTAI Infrastructure in a report on Saturday. Wall Street Zen lowered shares of FTAI Infrastructure from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $12.00.

FTAI Infrastructure Stock Up 2.2%

FTAI Infrastructure stock opened at $5.66 on Monday. The company has a 50-day simple moving average of $4.87 and a 200-day simple moving average of $5.32. The firm has a market capitalization of $651.41 million, a P/E ratio of -3.70 and a beta of 1.82. The company has a debt-to-equity ratio of 13.30, a quick ratio of 1.49 and a current ratio of 1.49. FTAI Infrastructure Inc. has a one year low of $3.10 and a one year high of $9.80.

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

FTAI Infrastructure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 8th. Stockholders of record on Monday, August 25th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Monday, August 25th. FTAI Infrastructure’s dividend payout ratio (DPR) is -7.84%.

Insider Activity at FTAI Infrastructure

In other FTAI Infrastructure news, CFO Carl Russell Iv Fletcher purchased 10,000 shares of the stock in a transaction dated Thursday, August 21st. The shares were bought at an average cost of $4.48 per share, with a total value of $44,800.00. Following the completion of the acquisition, the chief financial officer 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.17% of the company’s stock.

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.