FTAI Infrastructure (NASDAQ:FIP) Research Coverage Started at JMP Securities

JMP Securities initiated coverage on shares of FTAI Infrastructure (NASDAQ:FIP) in a research report released on Wednesday morning, Marketbeat reports. The firm issued a market outperform rating and a $11.00 price objective on the stock.

Separately, BTIG Research increased their price objective on shares of FTAI Infrastructure from $10.00 to $11.00 and gave the company a buy rating in a research report on Thursday, June 6th.

FTAI Infrastructure Price Performance

FIP stock opened at $8.63 on Wednesday. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.69 and a current ratio of 0.69. The firm has a market capitalization of $877.58 million, a price-to-earnings ratio of -4.45 and a beta of 1.35. The firm has a 50 day moving average price of $7.95 and a 200-day moving average price of $5.92. FTAI Infrastructure has a 52-week low of $2.84 and a 52-week high of $9.25.

FTAI Infrastructure (NASDAQ:FIP) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.54) earnings per share (EPS) for the quarter. FTAI Infrastructure had a negative net margin of 49.44% and a negative return on equity of 37.21%. The company had revenue of $82.54 million for the quarter.

FTAI Infrastructure Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 29th. Investors of record on Friday, May 17th were given a $0.03 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.12 annualized dividend and a yield of 1.39%. FTAI Infrastructure’s dividend payout ratio (DPR) is presently -6.19%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FIP. Pingora Partners LLC purchased a new stake in shares of FTAI Infrastructure during the fourth quarter valued at $6,102,000. Luxor Capital Group LP lifted its stake in FTAI Infrastructure by 49.0% during the 4th quarter. Luxor Capital Group LP now owns 4,269,813 shares of the company’s stock valued at $16,610,000 after acquiring an additional 1,403,628 shares during the period. Cruiser Capital Advisors LLC boosted its holdings in shares of FTAI Infrastructure by 67.6% during the 1st quarter. Cruiser Capital Advisors LLC now owns 432,255 shares of the company’s stock valued at $2,709,000 after acquiring an additional 174,325 shares during the last quarter. Inscription Capital LLC bought a new stake in shares of FTAI Infrastructure in the first quarter worth approximately $1,103,000. Finally, Orchard Capital Management LLC raised its holdings in shares of FTAI Infrastructure by 7.1% during the fourth quarter. Orchard Capital Management LLC now owns 2,471,786 shares of the company’s stock valued at $9,615,000 after purchasing an additional 164,023 shares during the last quarter. Hedge funds and other institutional investors own 87.43% of the company’s stock.

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.