Trexquant Investment LP Purchases New Position in FTAI Infrastructure Inc. (NASDAQ:FIP)

Trexquant Investment LP acquired a new stake in FTAI Infrastructure Inc. (NASDAQ:FIP) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 47,136 shares of the company’s stock, valued at approximately $342,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Barclays PLC grew its position in shares of FTAI Infrastructure by 283.8% in the third 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 in the last quarter. JPMorgan Chase & Co. increased its position 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 valued at $4,851,000 after buying an additional 275,903 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of FTAI Infrastructure by 7.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 915,386 shares of the company’s stock worth $6,646,000 after buying an additional 67,023 shares in the last quarter. Swiss National Bank boosted its position in shares of FTAI Infrastructure by 9.3% in the fourth quarter. Swiss National Bank now owns 218,700 shares of the company’s stock valued at $1,588,000 after acquiring an additional 18,600 shares during the period. Finally, State Street Corp grew its stake in FTAI Infrastructure by 2.2% during the third quarter. State Street Corp now owns 2,543,305 shares of the company’s stock valued at $23,805,000 after acquiring an additional 55,936 shares in the last quarter. Institutional investors own 87.43% of the company’s stock.

FTAI Infrastructure Stock Performance

NASDAQ FIP opened at $3.28 on Monday. The company’s 50 day simple moving average is $5.23 and its two-hundred day simple moving average is $7.19. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.42 and a quick ratio of 1.42. FTAI Infrastructure Inc. has a 1 year low of $3.10 and a 1 year high of $10.46. The stock has a market capitalization of $373.73 million, a PE ratio of -1.66 and a beta of 1.69.

FTAI Infrastructure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Friday, March 14th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 3.66%. The ex-dividend date was Friday, March 14th. FTAI Infrastructure’s dividend payout ratio is -4.36%.

About FTAI Infrastructure

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.