FTAI Infrastructure (NASDAQ:FIP) Stock Price Down 5.6% – What’s Next?

FTAI Infrastructure Inc. (NASDAQ:FIP)’s stock price dropped 5.6% on Tuesday . The stock traded as low as $7.50 and last traded at $7.55. Approximately 185,989 shares changed hands during trading, a decline of 84% from the average daily volume of 1,184,369 shares. The stock had previously closed at $8.00.

FTAI Infrastructure Stock Performance

The stock has a market capitalization of $825.79 million, a PE ratio of -3.67 and a beta of 1.34. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a 50 day moving average of $8.69 and a 200-day moving average of $8.92.

FTAI Infrastructure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend was Tuesday, November 12th. FTAI Infrastructure’s dividend payout ratio (DPR) is -6.06%.

Institutional Investors Weigh In On FTAI Infrastructure

A number of institutional investors have recently modified their holdings of FIP. Wilmington Savings Fund Society FSB acquired a new position in FTAI Infrastructure in the third quarter worth approximately $34,000. US Bancorp DE bought a new stake in FTAI Infrastructure in the third quarter worth approximately $52,000. Algert Global LLC acquired a new position in shares of FTAI Infrastructure during the 2nd quarter worth $88,000. Cladis Investment Advisory LLC bought a new position in shares of FTAI Infrastructure during the 3rd quarter valued at $94,000. Finally, Choreo LLC acquired a new stake in shares of FTAI Infrastructure in the 2nd quarter valued at $100,000. Institutional investors and hedge funds own 87.43% of the company’s stock.

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.