60,554 Shares in FTAI Infrastructure Inc. (NASDAQ:FIP) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new stake in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 60,554 shares of the company’s stock, valued at approximately $567,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Luxor Capital Group LP lifted its stake in shares of FTAI Infrastructure by 8.0% during the 2nd quarter. Luxor Capital Group LP now owns 5,681,893 shares of the company’s stock worth $49,035,000 after buying an additional 420,019 shares during the last quarter. Hood River Capital Management LLC raised its holdings in FTAI Infrastructure by 26.5% in the 2nd quarter. Hood River Capital Management LLC now owns 2,957,163 shares of the company’s stock valued at $25,520,000 after acquiring an additional 618,625 shares during the period. State Street Corp lifted its position in FTAI Infrastructure by 2.2% during the third quarter. State Street Corp now owns 2,543,305 shares of the company’s stock worth $23,805,000 after acquiring an additional 55,936 shares during the last quarter. Highland Peak Capital LLC boosted its holdings in shares of FTAI Infrastructure by 194.3% during the third quarter. Highland Peak Capital LLC now owns 1,755,349 shares of the company’s stock worth $16,430,000 after acquiring an additional 1,158,816 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of FTAI Infrastructure by 44.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,470,225 shares of the company’s stock valued at $12,688,000 after purchasing an additional 449,481 shares during the last quarter. 87.43% of the stock is owned by institutional investors.

FTAI Infrastructure Stock Performance

NASDAQ:FIP opened at $8.03 on Friday. The stock has a 50 day simple moving average of $8.79 and a 200 day simple moving average of $8.93. The stock has a market cap of $913.37 million, a P/E ratio of -4.06 and a beta of 1.34. FTAI Infrastructure Inc. has a 1-year low of $3.42 and a 1-year high of $10.45. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 6.07.

FTAI Infrastructure Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were issued 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 was Tuesday, November 12th. FTAI Infrastructure’s dividend payout ratio is currently -6.06%.

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.