Rubric Capital Management LP Has $29.49 Million Stock Holdings in FTAI Infrastructure Inc. (NASDAQ:FIP)

Rubric Capital Management LP decreased its stake in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) by 1.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,150,352 shares of the company’s stock after selling 43,178 shares during the period. Rubric Capital Management LP owned 2.77% of FTAI Infrastructure worth $29,487,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of FIP. ProShare Advisors LLC increased its position in FTAI Infrastructure by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 17,783 shares of the company’s stock worth $112,000 after buying an additional 1,400 shares during the period. Lazard Asset Management LLC bought a new stake in FTAI Infrastructure in the 1st quarter valued at about $213,000. Price T Rowe Associates Inc. MD grew its position in shares of FTAI Infrastructure by 22.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,483 shares of the company’s stock worth $179,000 after purchasing an additional 5,244 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of FTAI Infrastructure by 8.9% during the second quarter. Bank of New York Mellon Corp now owns 794,868 shares of the company’s stock worth $6,860,000 after purchasing an additional 65,218 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of FTAI Infrastructure in the second quarter valued at approximately $134,000. Institutional investors and hedge funds own 87.43% of the company’s stock.

FTAI Infrastructure Price Performance

Shares of NASDAQ:FIP opened at $8.66 on Wednesday. The company’s 50 day simple moving average is $8.97 and its 200 day simple moving average is $8.93. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.42 and a quick ratio of 1.42. FTAI Infrastructure Inc. has a 1 year low of $3.42 and a 1 year high of $10.45.

FTAI Infrastructure Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.39%. The ex-dividend date was Tuesday, November 12th. FTAI Infrastructure’s dividend payout ratio (DPR) is presently -6.06%.

Analysts Set New Price Targets

Separately, JMP Securities restated a “market outperform” rating and set a $12.00 price objective on shares of FTAI Infrastructure in a research note on Monday, August 5th.

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.