FTAI Infrastructure Inc. (NASDAQ:FIP) Shares Sold by AXQ Capital LP

AXQ Capital LP cut its stake in FTAI Infrastructure Inc. (NASDAQ:FIP) by 20.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,638 shares of the company’s stock after selling 2,939 shares during the period. AXQ Capital LP’s holdings in FTAI Infrastructure were worth $84,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Quantbot Technologies LP lifted its position in FTAI Infrastructure by 7.7% in the fourth quarter. Quantbot Technologies LP now owns 112,344 shares of the company’s stock worth $816,000 after purchasing an additional 8,019 shares during the period. Intech Investment Management LLC boosted its stake in FTAI Infrastructure by 118.9% during the fourth quarter. Intech Investment Management LLC now owns 45,555 shares of the company’s stock valued at $331,000 after buying an additional 24,744 shares in the last quarter. American Assets Investment Management LLC grew its holdings in FTAI Infrastructure by 18.6% during the fourth quarter. American Assets Investment Management LLC now owns 190,611 shares of the company’s stock worth $1,384,000 after acquiring an additional 29,883 shares during the period. Counterpoint Mutual Funds LLC raised its position in FTAI Infrastructure by 77.5% in the fourth quarter. Counterpoint Mutual Funds LLC now owns 45,933 shares of the company’s stock worth $333,000 after acquiring an additional 20,061 shares in the last quarter. Finally, Royce & Associates LP lifted its holdings in FTAI Infrastructure by 149.5% in the 4th quarter. Royce & Associates LP now owns 177,089 shares of the company’s stock valued at $1,286,000 after acquiring an additional 106,117 shares during the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.

FTAI Infrastructure Stock Performance

Shares of FIP opened at $5.36 on Tuesday. 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 $6.22 and its 200-day moving average is $7.72. FTAI Infrastructure Inc. has a 12-month low of $4.73 and a 12-month high of $10.46. The stock has a market capitalization of $610.73 million, a P/E ratio of -2.71 and a beta of 1.52.

FTAI Infrastructure Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be given a $0.03 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.12 annualized dividend and a yield of 2.24%. FTAI Infrastructure’s dividend payout ratio (DPR) is -4.36%.

FTAI Infrastructure Company Profile

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.