FTAI Infrastructure (NASDAQ:FIP) Shares Up 8.3% – Still a Buy?

FTAI Infrastructure Inc. (NASDAQ:FIP)’s stock price was up 8.3% during mid-day trading on Monday . The company traded as high as $5.71 and last traded at $5.6750. Approximately 523,320 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 1,032,763 shares. The stock had previously closed at $5.24.

Analyst Upgrades and Downgrades

FIP has been the subject of a number of analyst reports. BTIG Research reissued a “buy” rating and issued a $10.00 price objective on shares of FTAI Infrastructure in a research report on Friday, February 27th. Wall Street Zen upgraded shares of FTAI Infrastructure from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of FTAI Infrastructure in a research note on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, FTAI Infrastructure has a consensus rating of “Hold” and a consensus price target of $11.00.

FTAI Infrastructure Stock Performance

The firm has a market capitalization of $657.62 million, a PE ratio of -2.45 and a beta of 1.85. The company has a debt-to-equity ratio of 110.28, a quick ratio of 0.25 and a current ratio of 0.25. The company’s fifty day moving average price is $5.77 and its two-hundred day moving average price is $5.15.

FTAI Infrastructure (NASDAQ:FIP) last released its earnings results on Thursday, February 26th. The company reported ($1.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.65). The company had revenue of $143.52 million during the quarter, compared to analysts’ expectations of $169.16 million. FTAI Infrastructure had a negative net margin of 31.93% and a negative return on equity of 82.60%.

FTAI Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, March 13th. FTAI Infrastructure’s dividend payout ratio is presently -5.22%.

Institutional Investors Weigh In On FTAI Infrastructure

A number of institutional investors have recently added to or reduced their stakes in FIP. Diamond Hill Capital Management Inc. raised its holdings in shares of FTAI Infrastructure by 35.3% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 1,786,946 shares of the company’s stock worth $7,791,000 after purchasing an additional 465,779 shares during the period. Frontier Capital Management Co. LLC grew its holdings in shares of FTAI Infrastructure by 425.7% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 3,639,934 shares of the company’s stock worth $22,458,000 after purchasing an additional 2,947,567 shares during the period. First Eagle Investment Management LLC increased its position in FTAI Infrastructure by 28.1% during the 3rd quarter. First Eagle Investment Management LLC now owns 2,226,353 shares of the company’s stock worth $9,707,000 after purchasing an additional 488,182 shares in the last quarter. Royce & Associates LP raised its holdings in FTAI Infrastructure by 27.2% in the third quarter. Royce & Associates LP now owns 2,155,778 shares of the company’s stock valued at $9,399,000 after buying an additional 461,228 shares during the period. Finally, Ardsley Advisory Partners LP purchased a new position in FTAI Infrastructure in the second quarter valued at approximately $1,234,000. Hedge funds and other institutional investors own 87.43% of the company’s stock.

About FTAI Infrastructure

FTAI Infrastructure Ltd (NASDAQ: FIP) is a closed-end investment company that acquires and manages infrastructure assets offering stable, long-term cash flows. The company targets core and core-plus infrastructure sectors with contracted or regulated revenue streams, aiming to deliver attractive risk-adjusted returns for its shareholders. FTAI Infrastructure’s portfolio is diversified across multiple sub-sectors, geographies and counterparties to manage risk and capture growth opportunities in global infrastructure markets.

The company focuses on three primary investment categories: communications infrastructure, transport and logistics infrastructure, and utility infrastructure.