FTAI Infrastructure Inc. $FIP Shares Acquired by First Eagle Investment Management LLC

First Eagle Investment Management LLC lifted its stake in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) by 7.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,383,921 shares of the company’s stock after purchasing an additional 157,568 shares during the period. First Eagle Investment Management LLC’s holdings in FTAI Infrastructure were worth $10,990,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Diamond Hill Capital Management Inc. boosted its position in shares of FTAI Infrastructure by 35.3% in the 3rd 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. Royce & Associates LP boosted its position in shares of FTAI Infrastructure by 27.2% in the 3rd 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 stake in shares of FTAI Infrastructure in the 4th quarter worth about $1,394,000. LDR Capital Management LLC purchased a new stake in shares of FTAI Infrastructure in the 3rd quarter worth about $646,000. Finally, Bard Associates Inc. boosted its position in shares of FTAI Infrastructure by 12.2% in the 3rd 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.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. BTIG Research decreased their price objective on shares of FTAI Infrastructure from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Wall Street Zen lowered shares of FTAI Infrastructure from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of FTAI Infrastructure in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $9.00.

FTAI Infrastructure Price Performance

NASDAQ:FIP opened at $4.48 on Wednesday. FTAI Infrastructure Inc. has a 12-month low of $3.90 and a 12-month high of $7.93. The firm has a market cap of $529.37 million, a price-to-earnings ratio of -0.99 and a beta of 1.96. The company’s 50-day moving average is $5.35 and its two-hundred day moving average is $5.27. The company has a current ratio of 1.10, a quick ratio of 1.18 and a debt-to-equity ratio of 110.28.

FTAI Infrastructure (NASDAQ:FIP) last released its quarterly earnings results on Thursday, May 7th. The company reported ($1.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.42) by ($0.90). FTAI Infrastructure had a negative return on equity of 1,230.19% and a negative net margin of 68.58%.The firm had revenue of $188.36 million for the quarter, compared to analyst estimates of $182.41 million. The firm’s quarterly revenue was up 95.8% on a year-over-year basis.

FTAI Infrastructure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Monday, May 18th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, May 18th. FTAI Infrastructure’s dividend payout ratio (DPR) is currently -2.66%.

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.