Verition Fund Management LLC Increases Stock Position in FTAI Infrastructure Inc. (NASDAQ:FIP)

Verition Fund Management LLC boosted its stake in FTAI Infrastructure Inc. (NASDAQ:FIP) by 231.9% during the 3rd quarter, Holdings Channel reports. The firm owned 44,204 shares of the company’s stock after buying an additional 30,886 shares during the quarter. Verition Fund Management LLC’s holdings in FTAI Infrastructure were worth $414,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. US Bancorp DE bought a new stake in shares of FTAI Infrastructure in the 3rd quarter worth about $52,000. Algert Global LLC bought a new stake in shares of FTAI Infrastructure in the 2nd quarter worth about $88,000. Choreo LLC bought a new stake in shares of FTAI Infrastructure in the 2nd quarter worth about $100,000. International Assets Investment Management LLC increased its holdings in shares of FTAI Infrastructure by 836.0% in the 3rd quarter. International Assets Investment Management LLC now owns 15,182 shares of the company’s stock worth $142,000 after buying an additional 13,560 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of FTAI Infrastructure in the 2nd quarter worth about $134,000. 87.43% of the stock is currently owned by institutional investors.

FTAI Infrastructure Stock Performance

FTAI Infrastructure stock opened at $8.20 on Friday. The company’s 50-day moving average price is $8.83 and its 200-day moving average price is $8.94. FTAI Infrastructure Inc. has a twelve month low of $3.42 and a twelve month high of $10.45. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 6.07. The company has a market cap of $932.71 million, a PE ratio of -4.14 and a beta of 1.34.

FTAI Infrastructure Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.12 annualized dividend and a yield of 1.46%. FTAI Infrastructure’s payout ratio is -6.06%.

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.