Raymond James Financial Inc. Buys New Stake in FTAI Infrastructure Inc. (NASDAQ:FIP)

Raymond James Financial Inc. purchased a new position in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 47,762 shares of the company’s stock, valued at approximately $347,000.

A number of other institutional investors have also recently added to or reduced their stakes in FIP. Rhumbline Advisers lifted its holdings in FTAI Infrastructure by 1.4% in the 4th quarter. Rhumbline Advisers now owns 158,513 shares of the company’s stock valued at $1,151,000 after purchasing an additional 2,141 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of FTAI Infrastructure by 10.1% in the 4th quarter. Arizona State Retirement System now owns 32,231 shares of the company’s stock worth $234,000 after acquiring an additional 2,948 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of FTAI Infrastructure in the third quarter valued at $34,000. Aigen Investment Management LP grew its holdings in shares of FTAI Infrastructure by 29.2% in the fourth quarter. Aigen Investment Management LP now owns 21,079 shares of the company’s stock valued at $153,000 after purchasing an additional 4,760 shares in the last quarter. Finally, Castellan Group purchased a new position in FTAI Infrastructure in the fourth quarter valued at $96,000. Institutional investors and hedge funds own 87.43% of the company’s stock.

FTAI Infrastructure Stock Performance

Shares of FIP stock opened at $3.84 on Thursday. FTAI Infrastructure Inc. has a 12 month low of $3.26 and a 12 month high of $10.46. The company has a market cap of $437.54 million, a P/E ratio of -1.94 and a beta of 1.69. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 6.07. The firm has a fifty day moving average price of $5.36 and a 200 day moving average price of $7.28.

FTAI Infrastructure Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Friday, March 14th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date was Friday, March 14th. FTAI Infrastructure’s dividend payout ratio (DPR) 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.