Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) Director Martin Tuchman purchased 10,000 shares of Fortress Transprtn and Infr Investrs stock in a transaction that occurred on Wednesday, September 11th. The stock was acquired at an average cost of $25.75 per share, with a total value of $257,500.00. Following the acquisition, the director now directly owns 40,000 shares of the company’s stock, valued at approximately $1,030,000. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

Martin Tuchman also recently made the following trade(s):

  • On Monday, September 9th, Martin Tuchman purchased 19,900 shares of Fortress Transprtn and Infr Investrs stock. The stock was acquired at an average cost of $25.69 per share, with a total value of $511,231.00.
  • On Friday, September 6th, Martin Tuchman purchased 5,500 shares of Fortress Transprtn and Infr Investrs stock. The stock was acquired at an average cost of $25.40 per share, with a total value of $139,700.00.

FTAI traded down $0.18 on Thursday, reaching $15.90. The company’s stock had a trading volume of 283,054 shares, compared to its average volume of 163,803. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 144.55 and a beta of 1.07. Fortress Transprtn and Infr Investrs LLC has a 1 year low of $12.84 and a 1 year high of $18.80. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.14 and a quick ratio of 0.14. The business’s 50 day moving average is $15.08 and its 200 day moving average is $15.81.

Fortress Transprtn and Infr Investrs (NYSE:FTAI) last issued its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.10. The firm had revenue of $159.00 million during the quarter, compared to the consensus estimate of $138.74 million. Fortress Transprtn and Infr Investrs had a return on equity of 1.78% and a net margin of 3.74%. Fortress Transprtn and Infr Investrs’s revenue for the quarter was up 120.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.01 earnings per share. As a group, research analysts forecast that Fortress Transprtn and Infr Investrs LLC will post 0.55 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Friday, August 16th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 8.30%. The ex-dividend date of this dividend was Thursday, August 15th. Fortress Transprtn and Infr Investrs’s dividend payout ratio is currently 1,200.00%.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Dalton Greiner Hartman Maher & Co. boosted its holdings in Fortress Transprtn and Infr Investrs by 14.4% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 86,826 shares of the financial services provider’s stock valued at $1,311,000 after purchasing an additional 10,925 shares during the last quarter. Boston Partners raised its stake in Fortress Transprtn and Infr Investrs by 1.0% during the second quarter. Boston Partners now owns 84,179 shares of the financial services provider’s stock valued at $1,271,000 after buying an additional 833 shares in the last quarter. Royal Bank of Canada raised its stake in Fortress Transprtn and Infr Investrs by 14.1% during the second quarter. Royal Bank of Canada now owns 20,658 shares of the financial services provider’s stock valued at $312,000 after buying an additional 2,558 shares in the last quarter. Advisors Capital Management LLC raised its stake in Fortress Transprtn and Infr Investrs by 2.1% during the second quarter. Advisors Capital Management LLC now owns 160,261 shares of the financial services provider’s stock valued at $2,420,000 after buying an additional 3,234 shares in the last quarter. Finally, Morgan Stanley raised its stake in Fortress Transprtn and Infr Investrs by 32.6% during the second quarter. Morgan Stanley now owns 1,150,463 shares of the financial services provider’s stock valued at $17,372,000 after buying an additional 282,720 shares in the last quarter. 30.94% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently commented on the company. TheStreet raised Fortress Transprtn and Infr Investrs from a “c” rating to a “b” rating in a report on Friday, August 2nd. Zacks Investment Research raised Fortress Transprtn and Infr Investrs from a “strong sell” rating to a “buy” rating and set a $17.00 price target for the company in a report on Monday, August 5th. Finally, ValuEngine downgraded Fortress Transprtn and Infr Investrs from a “buy” rating to a “hold” rating in a report on Monday, June 3rd.

About Fortress Transprtn and Infr Investrs

Fortress Transportation and Infrastructure Investors LLC owns and acquires infrastructure and related equipment for the transportation of goods and people in Africa, Asia, Europe, North America, and South America. It operates in six segments: Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal, Railroad, and Ports and Terminals.

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