FTAI Infrastructure Inc. (NASDAQ:FIP) Shares Sold by Doheny Asset Management CA

Doheny Asset Management CA reduced its stake in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) by 8.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 174,010 shares of the company’s stock after selling 16,800 shares during the quarter. Doheny Asset Management CA’s holdings in FTAI Infrastructure were worth $1,263,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FIP. Highland Peak Capital LLC grew its position in FTAI Infrastructure by 194.3% during the third quarter. Highland Peak Capital LLC now owns 1,755,349 shares of the company’s stock worth $16,430,000 after buying an additional 1,158,816 shares during the period. Diamond Hill Capital Management Inc. purchased a new stake in shares of FTAI Infrastructure in the fourth quarter valued at about $5,938,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of FTAI Infrastructure by 198.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 848,363 shares of the company’s stock valued at $7,941,000 after purchasing an additional 564,566 shares in the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of FTAI Infrastructure by 91.1% in the fourth quarter. First Eagle Investment Management LLC now owns 1,056,241 shares of the company’s stock valued at $7,668,000 after purchasing an additional 503,500 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of FTAI Infrastructure by 5,651.2% in the third quarter. FMR LLC now owns 348,349 shares of the company’s stock valued at $3,261,000 after purchasing an additional 342,292 shares in the last quarter. 87.43% of the stock is currently owned by institutional investors and hedge funds.

FTAI Infrastructure Stock Down 1.4 %

Shares of NASDAQ FIP opened at $4.80 on Friday. FTAI Infrastructure Inc. has a 12-month low of $4.73 and a 12-month high of $10.46. The company has a market capitalization of $545.98 million, a PE ratio of -2.42 and a beta of 1.53. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.42 and a quick ratio of 1.42. The firm’s 50-day moving average is $6.54 and its two-hundred day moving average is $7.91.

FTAI Infrastructure Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Friday, March 14th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Friday, March 14th. FTAI Infrastructure’s payout ratio is -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.