FTAI Infrastructure (NASDAQ:FIP) Shares Up 7% – What’s Next?

FTAI Infrastructure Inc. (NASDAQ:FIP) shares traded up 7% during mid-day trading on Monday . The company traded as high as $5.06 and last traded at $5.0310. 280,245 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 1,620,569 shares. The stock had previously closed at $4.70.

Wall Street Analysts Forecast Growth

FIP has been the subject of several research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of FTAI Infrastructure in a research note on Wednesday, October 8th. BTIG Research raised their price target on FTAI Infrastructure from $9.00 to $10.00 and gave the company a “buy” rating in a report on Friday, October 31st. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $11.00.

FTAI Infrastructure Trading Up 7.9%

The company has a debt-to-equity ratio of 110.28, a current ratio of 0.25 and a quick ratio of 0.25. The business’s 50-day moving average is $4.94 and its 200 day moving average is $5.41. The firm has a market capitalization of $648.90 million, a P/E ratio of -2.27 and a beta of 1.88.

FTAI Infrastructure (NASDAQ:FIP) last announced its earnings results on Thursday, October 30th. The company reported ($1.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.59) by ($0.79). FTAI Infrastructure had a negative return on equity of 75.13% and a negative net margin of 41.09%.The business had revenue of $140.56 million for the quarter, compared to analyst estimates of $146.37 million.

FTAI Infrastructure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were issued a $0.03 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $0.12 annualized dividend and a yield of 2.2%. FTAI Infrastructure’s payout ratio is currently -4.88%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FIP. Russell Investments Group Ltd. increased its stake in FTAI Infrastructure by 12,129.3% in the third quarter. Russell Investments Group Ltd. now owns 9,172 shares of the company’s stock valued at $40,000 after acquiring an additional 9,097 shares during the last quarter. FNY Investment Advisers LLC bought a new position in shares of FTAI Infrastructure in the 2nd quarter valued at $41,000. Optas LLC acquired a new position in shares of FTAI Infrastructure during the 3rd quarter worth $44,000. GSA Capital Partners LLP bought a new stake in shares of FTAI Infrastructure during the 3rd quarter worth $46,000. Finally, CIBC Bancorp USA Inc. acquired a new stake in FTAI Infrastructure in the third quarter valued at about $50,000. Institutional investors own 87.43% of the company’s stock.

FTAI Infrastructure Company 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.