American Assets Investment Management LLC Boosts Holdings in FTAI Infrastructure Inc. (NASDAQ:FIP)

American Assets Investment Management LLC raised its holdings in FTAI Infrastructure Inc. (NASDAQ:FIP) by 18.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 190,611 shares of the company’s stock after buying an additional 29,883 shares during the quarter. American Assets Investment Management LLC owned approximately 0.17% of FTAI Infrastructure worth $1,384,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new stake in FTAI Infrastructure in the 3rd quarter valued at about $34,000. US Bancorp DE purchased a new stake in FTAI Infrastructure in the 3rd quarter valued at about $52,000. Cladis Investment Advisory LLC purchased a new stake in FTAI Infrastructure in the 3rd quarter valued at about $94,000. Castellan Group purchased a new stake in FTAI Infrastructure in the 4th quarter valued at about $96,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of FTAI Infrastructure in the 4th quarter valued at about $97,000. Hedge funds and other institutional investors own 87.43% of the company’s stock.

FTAI Infrastructure Stock Performance

NASDAQ FIP opened at $5.27 on Tuesday. The firm has a market capitalization of $599.44 million, a P/E ratio of -2.66 and a beta of 1.52. FTAI Infrastructure Inc. has a 1-year low of $4.73 and a 1-year high of $10.46. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.42 and a quick ratio of 1.42. The business’s 50-day simple moving average is $6.49 and its 200-day simple moving average is $7.86.

FTAI Infrastructure Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Friday, March 14th. FTAI Infrastructure’s dividend payout ratio is currently -4.36%.

FTAI Infrastructure 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.