Fmr LLC Boosts Stake in FTAI Infrastructure Inc. (NASDAQ:FIP)

Fmr LLC grew its position in FTAI Infrastructure Inc. (NASDAQ:FIP) by 5,651.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 348,349 shares of the company’s stock after acquiring an additional 342,292 shares during the period. Fmr LLC’s holdings in FTAI Infrastructure were worth $3,261,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of FIP. US Bancorp DE acquired a new stake in shares of FTAI Infrastructure in the third quarter valued at $52,000. Algert Global LLC purchased a new stake in FTAI Infrastructure during the 2nd quarter worth about $88,000. Choreo LLC purchased a new stake in FTAI Infrastructure during the 2nd quarter worth about $100,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in FTAI Infrastructure during the 2nd quarter worth about $134,000. Finally, International Assets Investment Management LLC lifted its holdings in FTAI Infrastructure by 836.0% during the 3rd quarter. International Assets Investment Management LLC now owns 15,182 shares of the company’s stock worth $142,000 after buying an additional 13,560 shares during the last quarter. 87.43% of the stock is owned by institutional investors and hedge funds.

FTAI Infrastructure Stock Down 2.1 %

Shares of NASDAQ FIP opened at $8.03 on Friday. The company has a market capitalization of $913.41 million, a price-to-earnings ratio of -4.06 and a beta of 1.34. 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 business has a 50-day moving average of $8.79 and a two-hundred day moving average of $8.93. FTAI Infrastructure Inc. has a 1 year low of $3.42 and a 1 year high of $10.45.

FTAI Infrastructure Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.49%. The ex-dividend date was Tuesday, November 12th. FTAI Infrastructure’s 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.