UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Holdings in FTAI Infrastructure Inc. (NASDAQ:FIP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in FTAI Infrastructure Inc. (NASDAQ:FIP) by 25.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 154,129 shares of the company’s stock after acquiring an additional 31,022 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in FTAI Infrastructure were worth $1,119,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in FIP. Morey & Quinn Wealth Partners LLC bought a new stake in shares of FTAI Infrastructure during the fourth quarter valued at approximately $84,000. Castellan Group bought a new stake in shares of FTAI Infrastructure during the fourth quarter valued at approximately $96,000. Proficio Capital Partners LLC bought a new stake in shares of FTAI Infrastructure during the fourth quarter valued at approximately $97,000. Hills Bank & Trust Co bought a new stake in shares of FTAI Infrastructure during the fourth quarter valued at approximately $103,000. Finally, Versor Investments LP bought a new stake in shares of FTAI Infrastructure during the fourth quarter valued at approximately $115,000. Hedge funds and other institutional investors own 87.43% of the company’s stock.

FTAI Infrastructure Stock Performance

FTAI Infrastructure stock opened at $6.44 on Tuesday. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.42 and a quick ratio of 1.42. FTAI Infrastructure Inc. has a 1-year low of $3.10 and a 1-year high of $10.46. The firm has a market capitalization of $739.06 million, a P/E ratio of -3.25 and a beta of 1.95. The company’s 50-day moving average is $4.66 and its 200 day moving average is $6.03.

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

FTAI Infrastructure Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th were paid a $0.03 dividend. The ex-dividend date was Monday, May 19th. This represents a $0.12 annualized dividend and a yield of 1.86%. FTAI Infrastructure’s dividend payout ratio (DPR) is -9.09%.

Wall Street Analyst Weigh In

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

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.