Hills Bank & Trust Co Invests $103,000 in FTAI Infrastructure Inc. (NASDAQ:FIP)

Hills Bank & Trust Co acquired a new position in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 14,233 shares of the company’s stock, valued at approximately $103,000.

A number of other hedge funds have also modified their holdings of the business. First Eagle Investment Management LLC increased its stake in shares of FTAI Infrastructure by 91.1% during the 4th quarter. First Eagle Investment Management LLC now owns 1,056,241 shares of the company’s stock worth $7,668,000 after purchasing an additional 503,500 shares in the last quarter. Diamond Hill Capital Management Inc. purchased a new stake in FTAI Infrastructure in the 4th quarter worth approximately $5,938,000. Swiss National Bank grew its stake in FTAI Infrastructure by 9.3% in the 4th quarter. Swiss National Bank now owns 218,700 shares of the company’s stock worth $1,588,000 after acquiring an additional 18,600 shares during the period. AlphaQuest LLC purchased a new stake in FTAI Infrastructure in the 4th quarter worth approximately $527,000. Finally, Raymond James Financial Inc. purchased a new stake in FTAI Infrastructure in the 4th quarter worth approximately $347,000. 87.43% of the stock is owned by hedge funds and other institutional investors.

FTAI Infrastructure Stock Down 1.4 %

FIP stock opened at $4.80 on Friday. The stock has a market capitalization of $545.98 million, a P/E ratio of -2.42 and a beta of 1.53. 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 one year low of $4.73 and a one year high of $10.46. The company has a 50 day moving average price of $6.54 and a two-hundred day moving average price of $7.90.

FTAI Infrastructure Announces Dividend

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