The Manufacturers Life Insurance Company Has $353,000 Stake in FTAI Infrastructure Inc. (NASDAQ:FIP)

The Manufacturers Life Insurance Company decreased its position in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) by 3.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,703 shares of the company’s stock after selling 1,286 shares during the period. The Manufacturers Life Insurance Company’s holdings in FTAI Infrastructure were worth $353,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FIP. Highland Peak Capital LLC lifted its position in FTAI Infrastructure by 194.3% during the 3rd quarter. Highland Peak Capital LLC now owns 1,755,349 shares of the company’s stock worth $16,430,000 after acquiring an additional 1,158,816 shares during the last quarter. Hood River Capital Management LLC raised its position in shares of FTAI Infrastructure by 26.5% during the second quarter. Hood River Capital Management LLC now owns 2,957,163 shares of the company’s stock valued at $25,520,000 after buying an additional 618,625 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of FTAI Infrastructure by 198.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 848,363 shares of the company’s stock valued at $7,941,000 after buying an additional 564,566 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of FTAI Infrastructure by 44.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,470,225 shares of the company’s stock valued at $12,688,000 after buying an additional 449,481 shares during the last quarter. Finally, Luxor Capital Group LP raised its position in shares of FTAI Infrastructure by 8.0% during the second quarter. Luxor Capital Group LP now owns 5,681,893 shares of the company’s stock valued at $49,035,000 after buying an additional 420,019 shares during the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.

FTAI Infrastructure Stock Down 2.1 %

Shares of FIP opened at $8.03 on Monday. The company has a 50-day simple moving average of $8.79 and a 200-day simple moving average of $8.93. The firm has a market capitalization of $913.37 million, a P/E ratio of -4.06 and a beta of 1.34. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.42 and a current ratio of 1.42. FTAI Infrastructure Inc. has a 52 week low of $3.42 and a 52 week high of $10.45.

FTAI Infrastructure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend was Tuesday, November 12th. FTAI Infrastructure’s dividend payout ratio is currently -6.06%.

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.