Y Intercept Hong Kong Ltd Acquires New Stake in FTAI Infrastructure Inc. (NASDAQ:FIP)

Y Intercept Hong Kong Ltd bought a new position in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 60,554 shares of the company’s stock, valued at approximately $567,000. Y Intercept Hong Kong Ltd owned approximately 0.05% of FTAI Infrastructure at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Biltmore Family Office LLC lifted its position in shares of FTAI Infrastructure by 0.8% in the third quarter. Biltmore Family Office LLC now owns 230,031 shares of the company’s stock worth $2,153,000 after purchasing an additional 1,826 shares in the last quarter. SG Americas Securities LLC increased its stake in FTAI Infrastructure by 9.8% in the 3rd quarter. SG Americas Securities LLC now owns 29,654 shares of the company’s stock valued at $278,000 after buying an additional 2,640 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in FTAI Infrastructure by 8.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 38,989 shares of the company’s stock worth $336,000 after buying an additional 3,158 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of FTAI Infrastructure by 22.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,483 shares of the company’s stock worth $179,000 after buying an additional 5,244 shares during the last quarter. Finally, US Bancorp DE bought a new position in shares of FTAI Infrastructure in the 3rd quarter valued at about $52,000. Institutional investors and hedge funds own 87.43% of the company’s stock.

FTAI Infrastructure Price Performance

NASDAQ:FIP opened at $8.03 on Friday. FTAI Infrastructure Inc. has a 52-week low of $3.42 and a 52-week high of $10.45. The company has a market cap of $913.37 million, a P/E ratio of -4.06 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 stock’s 50-day simple moving average is $8.79 and its 200 day simple moving average is $8.93.

FTAI Infrastructure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend was Tuesday, November 12th. FTAI Infrastructure’s dividend payout ratio is currently -6.06%.

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.