Insider Buying: FTAI Infrastructure (NASDAQ:FIP) CFO Buys $45,800.00 in Stock
by Jessica Moore · The Cerbat GemFTAI Infrastructure Inc. (NASDAQ:FIP – Get Free Report) CFO Carl Russell Iv Fletcher bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was purchased at an average cost of $4.58 per share, with a total value of $45,800.00. Following the completion of the transaction, the chief financial officer owned 40,000 shares in the company, valued at approximately $183,200. This trade represents a 33.33% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
FTAI Infrastructure Stock Down 2.2%
Shares of NASDAQ FIP opened at $4.46 on Friday. The stock has a market cap of $526.99 million, a PE ratio of -0.99 and a beta of 1.96. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 110.28. FTAI Infrastructure Inc. has a 52-week low of $3.90 and a 52-week high of $7.93. The business has a 50-day moving average price of $5.08 and a 200 day moving average price of $5.20.
FTAI Infrastructure (NASDAQ:FIP – Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported ($1.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.90). FTAI Infrastructure had a negative net margin of 68.58% and a negative return on equity of 147.01%. The firm had revenue of $188.36 million during the quarter, compared to analyst estimates of $182.41 million. FTAI Infrastructure’s revenue was up 95.8% on a year-over-year basis.
FTAI Infrastructure Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Monday, May 18th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Monday, May 18th. FTAI Infrastructure’s dividend payout ratio (DPR) is presently -2.66%.
Analyst Ratings Changes
A number of analysts have weighed in on the company. Wall Street Zen cut FTAI Infrastructure from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. BTIG Research decreased their price objective on FTAI Infrastructure from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, FTAI Infrastructure has a consensus rating of “Hold” and a consensus target price of $9.00.
Read Our Latest Stock Analysis on FIP
Institutional Trading of FTAI Infrastructure
Several hedge funds have recently modified their holdings of FIP. Diamond Hill Capital Management Inc. increased its position in FTAI Infrastructure by 35.3% during the third quarter. Diamond Hill Capital Management Inc. now owns 1,786,946 shares of the company’s stock worth $7,791,000 after buying an additional 465,779 shares in the last quarter. First Eagle Investment Management LLC increased its position in FTAI Infrastructure by 28.1% during the third quarter. First Eagle Investment Management LLC now owns 2,226,353 shares of the company’s stock worth $9,707,000 after buying an additional 488,182 shares in the last quarter. Royce & Associates LP increased its position in FTAI Infrastructure by 27.2% during the third quarter. Royce & Associates LP now owns 2,155,778 shares of the company’s stock worth $9,399,000 after buying an additional 461,228 shares in the last quarter. Teachers Retirement System of The State of Kentucky purchased a new position in FTAI Infrastructure during the fourth quarter worth $1,394,000. Finally, Bard Associates Inc. increased its position in FTAI Infrastructure by 12.2% during the third quarter. Bard Associates Inc. now owns 1,217,730 shares of the company’s stock worth $5,309,000 after buying an additional 132,215 shares in the last quarter. 87.43% of the stock is owned by institutional investors and hedge funds.
About FTAI Infrastructure
FTAI Infrastructure Ltd (NASDAQ: FIP) is a closed-end investment company that acquires and manages infrastructure assets offering stable, long-term cash flows. The company targets core and core-plus infrastructure sectors with contracted or regulated revenue streams, aiming to deliver attractive risk-adjusted returns for its shareholders. FTAI Infrastructure’s portfolio is diversified across multiple sub-sectors, geographies and counterparties to manage risk and capture growth opportunities in global infrastructure markets.
The company focuses on three primary investment categories: communications infrastructure, transport and logistics infrastructure, and utility infrastructure.