Rhumbline Advisers Acquires 2,141 Shares of FTAI Infrastructure Inc. (NASDAQ:FIP)

Rhumbline Advisers increased its holdings in FTAI Infrastructure Inc. (NASDAQ:FIP) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 158,513 shares of the company’s stock after purchasing an additional 2,141 shares during the period. Rhumbline Advisers’ holdings in FTAI Infrastructure were worth $1,151,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of FTAI Infrastructure by 5,651.2% in the 3rd quarter. FMR LLC now owns 348,349 shares of the company’s stock valued at $3,261,000 after purchasing an additional 342,292 shares in the last quarter. Barclays PLC lifted its holdings in FTAI Infrastructure by 283.8% during the 3rd quarter. Barclays PLC now owns 159,387 shares of the company’s stock valued at $1,492,000 after purchasing an additional 117,863 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in FTAI Infrastructure by 198.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 848,363 shares of the company’s stock valued at $7,941,000 after buying an additional 564,566 shares in the last quarter. Highland Peak Capital LLC grew its stake in FTAI Infrastructure by 194.3% during the third quarter. Highland Peak Capital LLC now owns 1,755,349 shares of the company’s stock worth $16,430,000 after buying an additional 1,158,816 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of FTAI Infrastructure by 113.8% during the third quarter. JPMorgan Chase & Co. now owns 518,294 shares of the company’s stock worth $4,851,000 after buying an additional 275,903 shares in the last quarter. Institutional investors own 87.43% of the company’s stock.

FTAI Infrastructure Stock Performance

NASDAQ:FIP opened at $5.12 on Thursday. The stock has a market capitalization of $582.37 million, a P/E ratio of -2.59 and a beta of 1.44. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 6.07. FTAI Infrastructure Inc. has a 1 year low of $4.88 and a 1 year high of $10.45. The firm has a 50 day moving average of $6.85 and a 200-day moving average of $8.11.

FTAI Infrastructure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be given a $0.03 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.12 annualized dividend and a yield of 2.34%. FTAI Infrastructure’s payout ratio is -4.36%.

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.