LDR Capital Management LLC Takes $646,000 Position in FTAI Infrastructure Inc. $FIP

LDR Capital Management LLC acquired a new position in FTAI Infrastructure Inc. (NASDAQ:FIP) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 148,216 shares of the company’s stock, valued at approximately $646,000. FTAI Infrastructure accounts for approximately 0.9% of LDR Capital Management LLC’s investment portfolio, making the stock its 26th largest position.

Several other hedge funds have also recently added to or reduced their stakes in the business. Frontier Capital Management Co. LLC increased its position in FTAI Infrastructure by 425.7% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 3,639,934 shares of the company’s stock worth $22,458,000 after buying an additional 2,947,567 shares during the period. Y Intercept Hong Kong Ltd raised its stake in FTAI Infrastructure by 423.5% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 147,334 shares of the company’s stock valued at $909,000 after purchasing an additional 119,192 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in shares of FTAI Infrastructure by 35.1% during the 2nd quarter. First Eagle Investment Management LLC now owns 1,738,171 shares of the company’s stock worth $10,725,000 after purchasing an additional 451,930 shares during the period. Ardsley Advisory Partners LP bought a new stake in shares of FTAI Infrastructure in the second quarter valued at about $1,234,000. Finally, FNY Investment Advisers LLC acquired a new stake in FTAI Infrastructure during the second quarter worth about $41,000. Institutional investors own 87.43% of the company’s stock.

FTAI Infrastructure Trading Down 2.4%

Shares of FTAI Infrastructure stock opened at $5.62 on Tuesday. The stock has a market capitalization of $653.67 million, a P/E ratio of -2.27 and a beta of 1.86. FTAI Infrastructure Inc. has a 12-month low of $3.10 and a 12-month high of $7.93. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 110.28. The company has a 50-day simple moving average of $4.75 and a 200 day simple moving average of $5.14.

FTAI Infrastructure (NASDAQ:FIP) last posted its earnings results on Thursday, October 30th. The company reported ($1.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.59) by ($0.79). The firm had revenue of $140.56 million during the quarter, compared to the consensus estimate of $146.37 million. FTAI Infrastructure had a negative net margin of 41.09% and a negative return on equity of 75.13%.

FTAI Infrastructure Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were paid a $0.03 dividend. The ex-dividend date was Friday, November 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.1%. FTAI Infrastructure’s dividend payout ratio (DPR) is -4.88%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on FIP shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of FTAI Infrastructure in a research report on Wednesday, October 8th. BTIG Research boosted their price target on shares of FTAI Infrastructure from $9.00 to $10.00 and gave the company a “buy” rating in a report on Friday, October 31st. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $11.00.

FTAI Infrastructure 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.