Bard Associates Inc. Lowers Holdings in FTAI Infrastructure Inc. (NASDAQ:FIP)

Bard Associates Inc. reduced its holdings in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) by 1.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,138,465 shares of the company’s stock after selling 20,950 shares during the quarter. FTAI Infrastructure comprises 2.8% of Bard Associates Inc.’s investment portfolio, making the stock its 5th biggest position. Bard Associates Inc. owned about 1.00% of FTAI Infrastructure worth $8,265,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. FMR LLC increased its position in shares of FTAI Infrastructure by 5,651.2% during the third quarter. FMR LLC now owns 348,349 shares of the company’s stock valued at $3,261,000 after buying an additional 342,292 shares during the period. Barclays PLC grew its stake in FTAI Infrastructure by 283.8% during the third quarter. Barclays PLC now owns 159,387 shares of the company’s stock valued at $1,492,000 after acquiring an additional 117,863 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in FTAI Infrastructure by 198.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 848,363 shares of the company’s stock worth $7,941,000 after acquiring an additional 564,566 shares during the period. Highland Peak Capital LLC lifted its stake in FTAI Infrastructure by 194.3% in the 3rd quarter. Highland Peak Capital LLC now owns 1,755,349 shares of the company’s stock worth $16,430,000 after purchasing an additional 1,158,816 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in FTAI Infrastructure by 113.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 518,294 shares of the company’s stock valued at $4,851,000 after purchasing an additional 275,903 shares during the period. 87.43% of the stock is owned by institutional investors.

FTAI Infrastructure Trading Down 8.6 %

FTAI Infrastructure stock opened at $5.34 on Tuesday. 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 fifty-two week low of $4.82 and a fifty-two week high of $10.45. The stock has a market cap of $607.40 million, a P/E ratio of -2.70 and a beta of 1.44. The firm’s fifty day moving average price is $6.93 and its 200-day moving average price is $8.16.

FTAI Infrastructure Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 2.25%. FTAI Infrastructure’s dividend payout ratio is currently -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.