FTAI Infrastructure (NASDAQ:FIP) Trading Down 6.6% – Time to Sell?

by · The Cerbat Gem

FTAI Infrastructure Inc. (NASDAQ:FIP – Get Free Report) shares fell 6.6% on Monday . The company traded as low as $6.15 and last traded at $5.93. 89,447 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 944,754 shares. The stock had previously closed at $6.35.

Wall Street Analysts Forecast Growth

FIP has been the topic of a number of research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of FTAI Infrastructure in a report on Thursday. BTIG Research boosted their price target on FTAI Infrastructure from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $11.00.

Read Our Latest Analysis on FIP

FTAI Infrastructure Trading Down 2.3%

The company’s fifty day moving average is $4.87 and its 200-day moving average is $5.14. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 110.28. The firm has a market capitalization of $721.60 million, a P/E ratio of -2.52 and a beta of 1.86.

FTAI Infrastructure (NASDAQ:FIP – Get Free Report) last released its earnings results on Thursday, October 30th. The company reported ($1.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.59) by ($0.79). FTAI Infrastructure had a negative return on equity of 75.13% and a negative net margin of 41.09%.The firm had revenue of $140.56 million for the quarter, compared to analyst estimates of $146.37 million.

FTAI Infrastructure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.9%. FTAI Infrastructure’s dividend payout ratio (DPR) is presently -4.88%.

Institutional Trading of FTAI Infrastructure

Several large investors have recently added to or reduced their stakes in FIP. Russell Investments Group Ltd. increased its holdings in shares of FTAI Infrastructure by 12,129.3% during the third quarter. Russell Investments Group Ltd. now owns 9,172 shares of the company’s stock worth $40,000 after buying an additional 9,097 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in FTAI Infrastructure during the 2nd quarter valued at $41,000. Optas LLC acquired a new stake in FTAI Infrastructure during the 3rd quarter valued at $44,000. GSA Capital Partners LLP bought a new position in FTAI Infrastructure in the 3rd quarter valued at $46,000. Finally, CIBC Bancorp USA Inc. acquired a new position in FTAI Infrastructure in the third quarter worth $50,000. 87.43% of the stock is owned by institutional investors.

FTAI Infrastructure Company Profile

(Get Free Report)

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.

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