Stock Traders Purchase High Volume of Put Options on FTAI Infrastructure (NASDAQ:FIP)

FTAI Infrastructure Inc. (NASDAQ:FIP) was the target of some unusual options trading on Wednesday. Stock traders purchased 5,241 put options on the stock. This is an increase of 1,091% compared to the average volume of 440 put options.

FTAI Infrastructure Stock Performance

FIP stock opened at $6.11 on Thursday. The stock has a market capitalization of $701.19 million, a PE ratio of -3.09 and a beta of 1.70. FTAI Infrastructure has a 12-month low of $3.10 and a 12-month high of $10.46. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 6.07. The stock’s 50 day simple moving average is $4.54 and its 200 day simple moving average is $6.10.

FTAI Infrastructure (NASDAQ:FIP) last announced its earnings results on Thursday, May 8th. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.34) by $1.23. The business had revenue of $96.16 million during the quarter, compared to analyst estimates of $107.84 million. FTAI Infrastructure had a negative net margin of 44.32% and a negative return on equity of 46.25%.

FTAI Infrastructure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.12 dividend on an annualized basis and a yield of 1.96%. FTAI Infrastructure’s dividend payout ratio is presently -9.09%.

Institutional Investors Weigh In On FTAI Infrastructure

Hedge funds have recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas purchased a new stake in FTAI Infrastructure during the 1st quarter valued at $68,000. Morey & Quinn Wealth Partners LLC purchased a new stake in FTAI Infrastructure during the 4th quarter valued at $84,000. Castellan Group purchased a new stake in FTAI Infrastructure during the 4th quarter valued at $96,000. Proficio Capital Partners LLC purchased a new stake in FTAI Infrastructure during the 4th quarter valued at $97,000. Finally, Hills Bank & Trust Co purchased a new stake in FTAI Infrastructure during the 4th quarter valued at $103,000. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, JMP Securities reaffirmed a “market outperform” rating and issued a $12.00 price objective on shares of FTAI Infrastructure in a research report on Tuesday, April 22nd.

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.