Castellan Group Acquires Shares of 13,192 FTAI Infrastructure Inc. (NASDAQ:FIP)

Castellan Group bought a new stake in FTAI Infrastructure Inc. (NASDAQ:FIP) during the fourth quarter, HoldingsChannel.com reports. The firm bought 13,192 shares of the company’s stock, valued at approximately $96,000.

A number of other large investors have also recently modified their holdings of the business. Biltmore Family Office LLC increased its position in FTAI Infrastructure by 0.8% during the 3rd quarter. Biltmore Family Office LLC now owns 230,031 shares of the company’s stock worth $2,153,000 after purchasing an additional 1,826 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of FTAI Infrastructure by 9.8% during the third quarter. SG Americas Securities LLC now owns 29,654 shares of the company’s stock worth $278,000 after buying an additional 2,640 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of FTAI Infrastructure by 8.8% during the second quarter. The Manufacturers Life Insurance Company now owns 38,989 shares of the company’s stock worth $336,000 after buying an additional 3,158 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of FTAI Infrastructure in the 3rd quarter valued at $34,000. Finally, US Bancorp DE acquired a new stake in shares of FTAI Infrastructure during the 3rd quarter valued at $52,000. Institutional investors and hedge funds own 87.43% of the company’s stock.

FTAI Infrastructure Stock Performance

Shares of FIP stock opened at $6.73 on Thursday. FTAI Infrastructure Inc. has a twelve month low of $4.15 and a twelve month high of $10.45. The stock’s fifty day simple moving average is $7.47 and its 200 day simple moving average is $8.50. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.42 and a current ratio of 1.42.

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.