AlphaQuest LLC Makes New $527,000 Investment in FTAI Infrastructure Inc. (NASDAQ:FIP)

AlphaQuest LLC bought a new position in FTAI Infrastructure Inc. (NASDAQ:FIP) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 72,604 shares of the company’s stock, valued at approximately $527,000. AlphaQuest LLC owned 0.06% of FTAI Infrastructure at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in shares of FTAI Infrastructure during the 4th quarter worth $347,000. Arizona State Retirement System lifted its stake in shares of FTAI Infrastructure by 10.1% during the 4th quarter. Arizona State Retirement System now owns 32,231 shares of the company’s stock worth $234,000 after purchasing an additional 2,948 shares during the last quarter. Aigen Investment Management LP lifted its stake in shares of FTAI Infrastructure by 29.2% during the 4th quarter. Aigen Investment Management LP now owns 21,079 shares of the company’s stock worth $153,000 after purchasing an additional 4,760 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of FTAI Infrastructure during the 4th quarter worth $97,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of FTAI Infrastructure by 7.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 915,386 shares of the company’s stock worth $6,646,000 after purchasing an additional 67,023 shares during the last quarter. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

FTAI Infrastructure Trading Down 1.2 %

Shares of NASDAQ FIP opened at $4.95 on Thursday. 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 stock has a market capitalization of $563.04 million, a P/E ratio of -2.50 and a beta of 1.53. FTAI Infrastructure Inc. has a 1-year low of $4.86 and a 1-year high of $10.45. The business has a fifty day moving average price of $6.64 and a 200 day moving average price of $7.96.

FTAI Infrastructure Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Friday, March 14th. FTAI Infrastructure’s dividend payout ratio (DPR) is currently -4.36%.

FTAI Infrastructure 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.