Quantbot Technologies LP Trims Holdings in FTAI Infrastructure Inc. (NASDAQ:FIP)

Quantbot Technologies LP lowered its stake in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) by 10.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 104,325 shares of the company’s stock after selling 12,579 shares during the period. Quantbot Technologies LP owned 0.09% of FTAI Infrastructure worth $976,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of FIP. Luxor Capital Group LP raised its position in shares of FTAI Infrastructure by 8.0% during the 2nd 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 period. Hood River Capital Management LLC increased its stake in 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 worth $25,520,000 after acquiring an additional 618,625 shares during the last quarter. Highland Peak Capital LLC raised its position in FTAI Infrastructure by 194.3% in the third quarter. Highland Peak Capital LLC now owns 1,755,349 shares of the company’s stock valued at $16,430,000 after purchasing an additional 1,158,816 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of FTAI Infrastructure by 44.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,470,225 shares of the company’s stock valued at $12,688,000 after purchasing an additional 449,481 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of FTAI Infrastructure by 198.9% in the 3rd 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 during the last quarter. 87.43% of the stock is owned by institutional investors and hedge funds.

FTAI Infrastructure Stock Performance

Shares of FIP stock opened at $8.65 on Monday. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market cap of $983.94 million, a P/E ratio of -4.37 and a beta of 1.36. The firm’s 50 day moving average price is $8.93 and its 200-day moving average price is $8.94. FTAI Infrastructure Inc. has a one year low of $3.42 and a one year high of $10.45.

FTAI Infrastructure Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend was Tuesday, November 12th. FTAI Infrastructure’s dividend payout ratio (DPR) is -6.06%.

Wall Street Analyst Weigh In

Separately, JMP Securities reissued a “market outperform” rating and set a $12.00 price objective on shares of FTAI Infrastructure in a research report on Monday, August 5th.

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.