SG Americas Securities LLC Acquires 2,640 Shares of FTAI Infrastructure Inc. (NASDAQ:FIP)

SG Americas Securities LLC raised its holdings in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) by 9.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,654 shares of the company’s stock after acquiring an additional 2,640 shares during the quarter. SG Americas Securities LLC’s holdings in FTAI Infrastructure were worth $278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Luxor Capital Group LP increased its holdings in shares of FTAI Infrastructure by 8.0% in the second quarter. Luxor Capital Group LP now owns 5,681,893 shares of the company’s stock worth $49,035,000 after purchasing an additional 420,019 shares during the period. Hood River Capital Management LLC increased its holdings in shares of FTAI Infrastructure by 26.5% in the second quarter. Hood River Capital Management LLC now owns 2,957,163 shares of the company’s stock worth $25,520,000 after purchasing an additional 618,625 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of FTAI Infrastructure by 44.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,470,225 shares of the company’s stock worth $12,688,000 after purchasing an additional 449,481 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of FTAI Infrastructure by 8.9% in the second quarter. Bank of New York Mellon Corp now owns 794,868 shares of the company’s stock worth $6,860,000 after purchasing an additional 65,218 shares during the period. Finally, Highland Peak Capital LLC bought a new position in shares of FTAI Infrastructure in the second quarter worth $5,148,000. Institutional investors own 87.43% of the company’s stock.

FTAI Infrastructure Stock Up 0.4 %

FIP opened at $9.14 on Monday. The stock has a market cap of $929.48 million, a PE ratio of -4.71 and a beta of 1.28. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 5.42. FTAI Infrastructure Inc. has a 52 week low of $3.01 and a 52 week high of $10.45. The business’s fifty day simple moving average is $9.17 and its 200 day simple moving average is $8.61.

FTAI Infrastructure (NASDAQ:FIP) last released its earnings results on Friday, August 2nd. The company reported ($0.52) EPS for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.17). The firm had revenue of $84.89 million during the quarter. FTAI Infrastructure had a negative net margin of 49.85% and a negative return on equity of 44.09%.

FTAI Infrastructure Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Monday, August 12th were paid a $0.03 dividend. The ex-dividend date was Monday, August 12th. This represents a $0.12 dividend on an annualized basis and a yield of 1.31%. FTAI Infrastructure’s dividend payout ratio is presently -6.19%.

Insider Activity at FTAI Infrastructure

In other FTAI Infrastructure news, major shareholder Fig Buyer Gp, Llc sold 3,399,501 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $9.04, for a total transaction of $30,731,489.04. Following the completion of the sale, the insider now directly owns 8,418,561 shares in the company, valued at $76,103,791.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.17% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reaffirmed a “market outperform” rating and issued a $12.00 price target on shares of FTAI Infrastructure in a report on Monday, August 5th.

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.