Intech Investment Management LLC Acquires 24,744 Shares of FTAI Infrastructure Inc. (NASDAQ:FIP)

Intech Investment Management LLC boosted its stake in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) by 118.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,555 shares of the company’s stock after buying an additional 24,744 shares during the period. Intech Investment Management LLC’s holdings in FTAI Infrastructure were worth $331,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Diamond Hill Capital Management Inc. purchased a new stake in shares of FTAI Infrastructure during the 4th quarter worth $5,938,000. Charles Schwab Investment Management Inc. lifted its position in shares of FTAI Infrastructure by 198.9% during 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 during the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of FTAI Infrastructure by 91.1% in the 4th quarter. First Eagle Investment Management LLC now owns 1,056,241 shares of the company’s stock valued at $7,668,000 after buying an additional 503,500 shares in the last quarter. FMR LLC grew its position 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 worth $3,261,000 after buying an additional 342,292 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of FTAI Infrastructure by 113.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 518,294 shares of the company’s stock worth $4,851,000 after acquiring an additional 275,903 shares in the last quarter. Institutional investors own 87.43% of the company’s stock.

FTAI Infrastructure Trading Down 7.3 %

NASDAQ:FIP opened at $4.97 on Wednesday. The stock has a market capitalization of $566.29 million, a price-to-earnings ratio of -2.51 and a beta of 1.52. FTAI Infrastructure Inc. has a 52 week low of $4.73 and a 52 week high of $10.46. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 6.07. The firm has a 50 day moving average of $6.16 and a 200 day moving average of $7.70.

FTAI Infrastructure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th will be given a $0.03 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.41%. 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.