King Luther Capital Management Corp Trims Position in FTAI Infrastructure Inc. (NASDAQ:FIP)

King Luther Capital Management Corp decreased its holdings in FTAI Infrastructure Inc. (NASDAQ:FIP) by 43.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 115,317 shares of the company’s stock after selling 88,961 shares during the quarter. King Luther Capital Management Corp owned about 0.10% of FTAI Infrastructure worth $1,079,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in FIP. Aigen Investment Management LP bought a new stake in FTAI Infrastructure during the 3rd quarter valued at approximately $153,000. GSA Capital Partners LLP boosted its position in shares of FTAI Infrastructure by 70.1% during the third quarter. GSA Capital Partners LLP now owns 133,733 shares of the company’s stock valued at $1,252,000 after purchasing an additional 55,120 shares in the last quarter. US Bancorp DE bought a new stake in shares of FTAI Infrastructure during the third quarter valued at approximately $52,000. International Assets Investment Management LLC grew its stake in FTAI Infrastructure by 836.0% in the third quarter. International Assets Investment Management LLC now owns 15,182 shares of the company’s stock worth $142,000 after purchasing an additional 13,560 shares during the period. Finally, SG Americas Securities LLC raised its holdings in FTAI Infrastructure by 9.8% in the third quarter. SG Americas Securities LLC now owns 29,654 shares of the company’s stock worth $278,000 after purchasing an additional 2,640 shares in the last quarter. Institutional investors own 87.43% of the company’s stock.

FTAI Infrastructure Stock Performance

Shares of FIP opened at $8.47 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 quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 6.07. The stock has a market cap of $963.46 million, a P/E ratio of -4.28 and a beta of 1.36. The business’s 50 day moving average price is $8.99 and its 200-day moving average price is $8.91.

FTAI Infrastructure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were paid a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.42%. FTAI Infrastructure’s dividend payout ratio is currently -6.06%.

Analysts Set New Price Targets

Separately, JMP Securities restated a “market outperform” rating and set a $12.00 target price on shares of FTAI Infrastructure in a report on Monday, August 5th.

FTAI Infrastructure 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.