FTAI Infrastructure (NASDAQ:FIP) Stock Price Down 4% – Time to Sell?

FTAI Infrastructure Inc. (NASDAQ:FIP)’s stock price traded down 4% on Friday . The company traded as low as $4.84 and last traded at $4.8750. 338,478 shares were traded during trading, a decline of 57% from the average session volume of 780,895 shares. The stock had previously closed at $5.08.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of FTAI Infrastructure in a research report on Wednesday, October 8th. BTIG Research upped their price target on shares of FTAI Infrastructure from $9.00 to $10.00 and gave the company a “buy” rating in a report on Friday, October 31st. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.00.

FTAI Infrastructure Stock Performance

The company has a market capitalization of $573.89 million, a P/E ratio of -2.00 and a beta of 1.86. The stock’s 50-day moving average price is $4.73 and its 200-day moving average price is $5.20. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 110.28.

FTAI Infrastructure (NASDAQ:FIP) last released its earnings results on Thursday, October 30th. The company reported ($1.38) earnings per share 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 firm had revenue of $140.56 million during the quarter, compared to analyst estimates of $146.37 million.

FTAI Infrastructure Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 2.4%. FTAI Infrastructure’s dividend payout ratio is -4.88%.

Institutional Trading of FTAI Infrastructure

A number of hedge funds and other institutional investors have recently made changes to their positions in FIP. Mercer Global Advisors Inc. ADV lifted its stake in shares of FTAI Infrastructure by 9.9% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 33,171 shares of the company’s stock valued at $145,000 after purchasing an additional 2,979 shares during the period. Rhumbline Advisers boosted its holdings in FTAI Infrastructure by 1.9% during the third quarter. Rhumbline Advisers now owns 194,180 shares of the company’s stock worth $847,000 after buying an additional 3,620 shares during the last quarter. Stephens Inc. AR grew its position in shares of FTAI Infrastructure by 9.7% during the 3rd quarter. Stephens Inc. AR now owns 50,910 shares of the company’s stock worth $222,000 after buying an additional 4,500 shares during the period. American Trust increased its stake in shares of FTAI Infrastructure by 45.5% in the 3rd quarter. American Trust now owns 16,415 shares of the company’s stock valued at $72,000 after acquiring an additional 5,135 shares during the last quarter. Finally, Mariner LLC boosted its stake in FTAI Infrastructure by 6.3% during the 3rd quarter. Mariner LLC now owns 95,447 shares of the company’s stock worth $416,000 after acquiring an additional 5,628 shares during the last quarter. 87.43% of the stock is currently owned by institutional investors and hedge funds.

FTAI Infrastructure Company Profile

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.