FTAI Infrastructure Inc. $FIP Shares Purchased by Royce & Associates LP

Royce & Associates LP grew its stake in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) by 24.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,682,778 shares of the company’s stock after acquiring an additional 527,000 shares during the quarter. Royce & Associates LP owned about 2.31% of FTAI Infrastructure worth $12,368,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of FIP. Wellington Management Group LLP acquired a new position in shares of FTAI Infrastructure during the third quarter valued at about $28,939,000. Alliancebernstein L.P. increased its holdings in FTAI Infrastructure by 3,990.2% in the 3rd quarter. Alliancebernstein L.P. now owns 4,009,630 shares of the company’s stock worth $17,482,000 after buying an additional 3,911,600 shares during the period. Northern Right Capital Management L.P. purchased a new position in FTAI Infrastructure during the 2nd quarter worth approximately $5,465,000. Shay Capital LLC raised its position in FTAI Infrastructure by 141.9% during the 3rd quarter. Shay Capital LLC now owns 1,270,060 shares of the company’s stock worth $5,537,000 after buying an additional 745,060 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its position in FTAI Infrastructure by 28.1% during the 3rd quarter. First Eagle Investment Management LLC now owns 2,226,353 shares of the company’s stock worth $9,707,000 after buying an additional 488,182 shares during the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.

Wall Street Analysts Forecast Growth

FIP has been the subject of a number of recent research reports. Wall Street Zen lowered shares of FTAI Infrastructure from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. BTIG Research reduced their price target on shares of FTAI Infrastructure from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $9.00.

FTAI Infrastructure Price Performance

Shares of NASDAQ FIP opened at $4.63 on Thursday. The stock has a market capitalization of $547.08 million, a price-to-earnings ratio of -1.03 and a beta of 1.96. FTAI Infrastructure Inc. has a 12 month low of $3.90 and a 12 month high of $7.93. The firm’s 50 day simple moving average is $5.11 and its 200-day simple moving average is $5.21. The company has a debt-to-equity ratio of 110.28, a current ratio of 1.10 and a quick ratio of 1.10.

FTAI Infrastructure (NASDAQ:FIP) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($1.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.90). The firm had revenue of $188.36 million for the quarter, compared to analyst estimates of $182.41 million. FTAI Infrastructure had a negative return on equity of 147.01% and a negative net margin of 68.58%.The firm’s revenue for the quarter was up 95.8% on a year-over-year basis.

FTAI Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Monday, May 18th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.6%. FTAI Infrastructure’s dividend payout ratio (DPR) is presently -2.66%.

FTAI Infrastructure Profile

FTAI Infrastructure Ltd (NASDAQ: FIP) is a closed-end investment company that acquires and manages infrastructure assets offering stable, long-term cash flows. The company targets core and core-plus infrastructure sectors with contracted or regulated revenue streams, aiming to deliver attractive risk-adjusted returns for its shareholders. FTAI Infrastructure’s portfolio is diversified across multiple sub-sectors, geographies and counterparties to manage risk and capture growth opportunities in global infrastructure markets.

The company focuses on three primary investment categories: communications infrastructure, transport and logistics infrastructure, and utility infrastructure.