Balyasny Asset Management L.P. Purchases 687,413 Shares of FTAI Infrastructure Inc. (NASDAQ:FIP)

Balyasny Asset Management L.P. boosted its position in FTAI Infrastructure Inc. (NASDAQ:FIP) by 49.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,081,888 shares of the company’s stock after buying an additional 687,413 shares during the quarter. Balyasny Asset Management L.P. owned approximately 1.83% of FTAI Infrastructure worth $15,115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of FIP. Wilmington Savings Fund Society FSB bought a new stake in shares of FTAI Infrastructure in the 3rd quarter valued at about $34,000. Morey & Quinn Wealth Partners LLC bought a new stake in FTAI Infrastructure in the fourth quarter valued at approximately $84,000. Castellan Group purchased a new stake in shares of FTAI Infrastructure during the fourth quarter valued at approximately $96,000. Proficio Capital Partners LLC bought a new position in shares of FTAI Infrastructure in the fourth quarter worth approximately $97,000. Finally, Hills Bank & Trust Co purchased a new position in shares of FTAI Infrastructure in the fourth quarter worth $103,000. 87.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, JMP Securities reissued a “market outperform” rating and issued a $12.00 price target on shares of FTAI Infrastructure in a report on Tuesday, April 22nd.

FTAI Infrastructure Trading Up 2.4 %

NASDAQ FIP opened at $4.66 on Friday. The stock has a market cap of $534.79 million, a P/E ratio of -2.35 and a beta of 1.70. FTAI Infrastructure Inc. has a fifty-two week low of $3.10 and a fifty-two week high of $10.46. The stock has a 50 day simple moving average of $4.39 and a two-hundred day simple moving average of $6.54. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.42 and a current ratio of 1.42.

FTAI Infrastructure (NASDAQ:FIP) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.89 earnings per share for the quarter. FTAI Infrastructure had a negative net margin of 44.32% and a negative return on equity of 46.25%.

FTAI Infrastructure Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.58%. FTAI Infrastructure’s dividend payout ratio (DPR) 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.