Frontier Capital Management Co. LLC Makes New $2.86 Million Investment in FTAI Infrastructure Inc. (NASDAQ:FIP)

Frontier Capital Management Co. LLC acquired a new position in FTAI Infrastructure Inc. (NASDAQ:FIP) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 393,851 shares of the company’s stock, valued at approximately $2,859,000. Frontier Capital Management Co. LLC owned approximately 0.35% of FTAI Infrastructure as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in shares of FTAI Infrastructure by 113.8% during the third 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 in the last quarter. Barclays PLC increased its stake in FTAI Infrastructure by 283.8% in the third quarter. Barclays PLC now owns 159,387 shares of the company’s stock valued at $1,492,000 after acquiring an additional 117,863 shares during the last quarter. Swiss National Bank increased its position in shares of FTAI Infrastructure by 9.3% during the 4th quarter. Swiss National Bank now owns 218,700 shares of the company’s stock valued at $1,588,000 after purchasing an additional 18,600 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of FTAI Infrastructure by 7.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 915,386 shares of the company’s stock worth $6,646,000 after acquiring an additional 67,023 shares in the last quarter. Finally, AlphaQuest LLC purchased a new position in shares of FTAI Infrastructure in the fourth quarter worth about $527,000. Institutional investors own 87.43% of the company’s stock.

Wall Street Analysts Forecast Growth

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

FTAI Infrastructure Stock Down 1.3 %

NASDAQ:FIP opened at $4.60 on Friday. FTAI Infrastructure Inc. has a 1-year low of $3.10 and a 1-year high of $10.46. The company has a market capitalization of $527.90 million, a PE ratio of -2.32 and a beta of 1.70. The firm’s 50-day moving average price is $4.37 and its 200-day moving average price is $6.51. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.42 and a quick ratio of 1.42.

FTAI Infrastructure (NASDAQ:FIP) last announced its earnings results on Thursday, May 8th. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.34) by $1.23. The business had revenue of $96.16 million during the quarter, compared to the consensus estimate of $107.84 million. FTAI Infrastructure had a negative net margin of 44.32% and a negative return on equity of 46.25%.

FTAI Infrastructure Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th will be issued a dividend of $0.03 per share. The ex-dividend date is Monday, May 19th. This represents a $0.12 annualized dividend and a dividend yield of 2.61%. FTAI Infrastructure’s payout ratio 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.