Stock Traders Buy High Volume of FTAI Infrastructure Call Options (NASDAQ:FIP)

FTAI Infrastructure Inc. (NASDAQ:FIP) saw some unusual options trading on Tuesday. Stock traders purchased 3,680 call options on the company. This is an increase of 686% compared to the average daily volume of 468 call options.

FTAI Infrastructure Price Performance

FIP stock traded down $0.15 on Tuesday, hitting $2.85. 1,061,774 shares of the company were exchanged, compared to its average volume of 1,090,745. FTAI Infrastructure has a twelve month low of $2.77 and a twelve month high of $6.69. The stock has a market capitalization of $336.23 million, a price-to-earnings ratio of -0.55 and a beta of 1.79. The business’s fifty day moving average is $3.94 and its two-hundred day moving average is $4.66.

FTAI Infrastructure (NASDAQ:FIP) last posted its earnings results on Wednesday, August 5th. The company reported ($1.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.60) by ($0.81). The firm had revenue of $186.77 million for the quarter, compared to analyst estimates of $186.08 million. FTAI Infrastructure had a negative net margin of 74.10% and a negative return on equity of 147.01%.

FTAI Infrastructure Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th were paid a $0.03 dividend. The ex-dividend date was Monday, August 24th. This represents a $0.12 dividend on an annualized basis and a yield of 4.2%. FTAI Infrastructure’s dividend payout ratio (DPR) is currently -2.31%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Wall Street Zen lowered shares of FTAI Infrastructure from a “sell” rating to a “strong sell” rating in a research note on Monday, July 20th. Citizens Jmp began coverage on shares of FTAI Infrastructure in a report on Wednesday, July 15th. They issued a “market outperform” rating and a $10.00 price objective on the stock. Compass Point set a $12.00 price target on FTAI Infrastructure in a report on Tuesday, June 30th. JonesTrading began coverage on shares of FTAI Infrastructure in a research note on Wednesday, July 1st. They issued a “buy” rating and a $8.75 price objective for the company. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of FTAI Infrastructure in a research note on Wednesday, September 9th. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, FTAI Infrastructure presently has an average rating of “Moderate Buy” and an average price target of $9.94.

Hedge Funds Weigh In On FTAI Infrastructure

Several hedge funds and other institutional investors have recently bought and sold shares of FIP. Bank of America Corp DE raised its stake in shares of FTAI Infrastructure by 1.7% during the 1st quarter. Bank of America Corp DE now owns 281,015 shares of the company’s stock worth $1,388,000 after purchasing an additional 4,810 shares during the period. Larson Financial Group LLC increased its position in FTAI Infrastructure by 6,941.7% during the fourth quarter. Larson Financial Group LLC now owns 8,098 shares of the company’s stock valued at $37,000 after acquiring an additional 7,983 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in FTAI Infrastructure in the 2nd quarter worth $65,000. Fortitude Advisory Group L.L.C. purchased a new position in shares of FTAI Infrastructure in the 1st quarter worth $74,000. Finally, Savant Capital LLC purchased a new position in FTAI Infrastructure during the 4th quarter valued at $72,000. Institutional investors and hedge funds own 87.43% of the company’s stock.

FTAI Infrastructure Company Profile

FTAI Infrastructure Inc owns and operates critical infrastructure assets that support the transportation and energy sectors. The company focuses on businesses that provide essential services to industrial, commercial and governmental customers, including rail transportation, port and terminal operations, and power generation.

Its portfolio includes Transtar, a provider of industrial rail transportation and related services, as well as energy and logistics infrastructure such as the Jefferson Energy Companies terminal in Georgia, the Repauno Port and Rail Terminal in New Jersey, and the Long Ridge Energy Terminal and power-generation complex in Ohio.