Cruiser Capital Advisors LLC Sells 47,751 Shares of FTAI Infrastructure Inc. (NASDAQ:FIP)

Cruiser Capital Advisors LLC decreased its position in FTAI Infrastructure Inc. (NASDAQ:FIP) by 11.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 378,876 shares of the company’s stock after selling 47,751 shares during the quarter. FTAI Infrastructure accounts for approximately 1.5% of Cruiser Capital Advisors LLC’s holdings, making the stock its 11th biggest holding. Cruiser Capital Advisors LLC’s holdings in FTAI Infrastructure were worth $2,751,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in FTAI Infrastructure by 12.6% during the fourth quarter. Vanguard Group Inc. now owns 6,537,542 shares of the company’s stock worth $47,463,000 after buying an additional 730,895 shares during the last quarter. Luxor Capital Group LP boosted its holdings in shares of FTAI Infrastructure by 4.6% in the 3rd quarter. Luxor Capital Group LP now owns 5,940,484 shares of the company’s stock worth $55,603,000 after acquiring an additional 258,591 shares in the last quarter. State Street Corp grew its position in FTAI Infrastructure by 2.2% during the 3rd quarter. State Street Corp now owns 2,543,305 shares of the company’s stock worth $23,805,000 after acquiring an additional 55,936 shares during the last quarter. Geode Capital Management LLC increased its holdings in FTAI Infrastructure by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 2,427,301 shares of the company’s stock valued at $22,724,000 after purchasing an additional 53,340 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its position in 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 purchasing an additional 503,500 shares during the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.

FTAI Infrastructure Price Performance

Shares of FIP stock opened at $5.36 on Tuesday. FTAI Infrastructure Inc. has a 52 week low of $4.73 and a 52 week high of $10.46. The stock has a market capitalization of $610.73 million, a PE ratio of -2.71 and a beta of 1.52. 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 stock’s fifty day moving average is $6.22 and its 200-day moving average is $7.72.

FTAI Infrastructure Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date 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.