FTAI Infrastructure (NASDAQ:FIP) Shares Down 6.6% – Should You Sell?

FTAI Infrastructure Inc. (NASDAQ:FIP)’s share price was down 6.6% during mid-day trading on Monday . The stock traded as low as $4.57 and last traded at $4.6250. Approximately 572,466 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 1,020,078 shares. The stock had previously closed at $4.95.

Wall Street Analyst Weigh In

FIP has been the topic of a number of research reports. BTIG Research cut their target price on shares of FTAI Infrastructure from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Weiss Ratings reiterated a “sell (e+)” rating on shares of FTAI Infrastructure in a report on Friday, June 12th. Finally, Wall Street Zen lowered FTAI Infrastructure from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $9.00.

FTAI Infrastructure Stock Performance

The company has a debt-to-equity ratio of 110.28, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a fifty day simple moving average of $4.88 and a two-hundred day simple moving average of $5.23. The stock has a market cap of $524.04 million, a PE ratio of -0.98 and a beta of 1.79.

FTAI Infrastructure (NASDAQ:FIP) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($1.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.90). FTAI Infrastructure had a negative net margin of 68.58% and a negative return on equity of 147.01%. The firm had revenue of $188.36 million for the quarter, compared to analysts’ expectations of $182.41 million. The company’s quarterly revenue was up 95.8% compared to the same quarter last year.

FTAI Infrastructure Announces Dividend

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

Insider Buying and Selling

In other news, CFO Carl Russell Iv Fletcher acquired 10,000 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were purchased at an average price of $4.58 per share, for a total transaction of $45,800.00. Following the acquisition, the chief financial officer directly owned 40,000 shares of the company’s stock, valued at $183,200. This represents a 33.33% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.17% of the stock is owned by corporate insiders.

Institutional Trading of FTAI Infrastructure

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Envestnet Asset Management Inc. purchased a new position in FTAI Infrastructure in the second quarter valued at about $170,000. Rhumbline Advisers increased its holdings in FTAI Infrastructure by 26.7% during the 2nd quarter. Rhumbline Advisers now owns 190,560 shares of the company’s stock worth $1,176,000 after purchasing an additional 40,206 shares during the last quarter. Prudential Financial Inc. acquired a new position in shares of FTAI Infrastructure in the 2nd quarter valued at approximately $81,000. Invesco Ltd. raised its position in shares of FTAI Infrastructure by 198.6% in the 2nd quarter. Invesco Ltd. now owns 483,930 shares of the company’s stock valued at $2,986,000 after purchasing an additional 321,873 shares in the last quarter. Finally, Marshall Wace LLP boosted its stake in shares of FTAI Infrastructure by 422.3% during the 2nd quarter. Marshall Wace LLP now owns 529,502 shares of the company’s stock valued at $3,267,000 after buying an additional 428,116 shares during the last quarter. 87.43% of the stock is owned by hedge funds and other institutional investors.

FTAI Infrastructure Company Profile

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.