Fox Run Management L.L.C. Invests $278,000 in FTAI Infrastructure Inc. (NASDAQ:FIP)

Fox Run Management L.L.C. bought a new stake in FTAI Infrastructure Inc. (NASDAQ:FIP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 38,343 shares of the company’s stock, valued at approximately $278,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Diamond Hill Capital Management Inc. acquired a new stake in FTAI Infrastructure during the fourth quarter valued at approximately $5,938,000. Charles Schwab Investment Management Inc. lifted its position in shares of FTAI Infrastructure by 198.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 848,363 shares of the company’s stock worth $7,941,000 after buying an additional 564,566 shares during the period. First Eagle Investment Management LLC boosted its stake 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 buying an additional 503,500 shares in the last quarter. FMR LLC grew its position in FTAI Infrastructure by 5,651.2% in the third quarter. FMR LLC now owns 348,349 shares of the company’s stock valued at $3,261,000 after acquiring an additional 342,292 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in FTAI Infrastructure by 113.8% during the third 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 Stock Performance

NASDAQ FIP opened at $4.69 on Friday. The firm has a market cap of $534.39 million, a price-to-earnings ratio of -2.37 and a beta of 1.52. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 6.07. FTAI Infrastructure Inc. has a 1-year low of $4.69 and a 1-year high of $10.46. The company has a 50 day moving average of $6.04 and a 200-day moving average of $7.66.

FTAI Infrastructure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were paid a $0.03 dividend. 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 2.56%. FTAI Infrastructure’s dividend payout ratio (DPR) is presently -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.