Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) Director Paul R. Goodwin bought 10,000 shares of Fortress Transportation and Infrastructure Investors stock in a transaction dated Thursday, November 3rd. The shares were acquired at an average price of $12.63 per share, with a total value of $126,300.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) opened at 13.04 on Thursday. The firm has a 50-day moving average price of $12.17 and a 200 day moving average price of $11.07. Fortress Transportation and Infrastructure Investors LLC has a one year low of $8.65 and a one year high of $13.66. The firm’s market capitalization is $987.78 million.

Fortress Transportation and Infrastructure Investors (NYSE:FTAI) last issued its quarterly earnings data on Tuesday, November 1st. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.01. The firm earned $41.73 million during the quarter, compared to the consensus estimate of $37.15 million. Fortress Transportation and Infrastructure Investors had a negative return on equity of 1.25% and a negative net margin of 16.37%. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.02 earnings per share. Analysts anticipate that Fortress Transportation and Infrastructure Investors LLC will post ($0.16) EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Fortress Transportation and Infrastructure Investors (NYSE:FTAI)

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Friday, November 18th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 10.12%. The ex-dividend date is Wednesday, November 16th. Fortress Transportation and Infrastructure Investors’s dividend payout ratio (DPR) is presently -425.79%.

Several analysts recently weighed in on FTAI shares. Citigroup Inc. lifted their price target on Fortress Transportation and Infrastructure Investors from $11.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, August 12th. Zacks Investment Research raised Fortress Transportation and Infrastructure Investors from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Monday. JMP Securities reissued a “buy” rating on shares of Fortress Transportation and Infrastructure Investors in a report on Monday. Finally, TheStreet raised Fortress Transportation and Infrastructure Investors from a “sell” rating to a “hold” rating in a report on Wednesday, July 27th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $16.25.

Several hedge funds have recently modified their holdings of the company. State Treasurer State of Michigan increased its stake in shares of Fortress Transportation and Infrastructure Investors by 22.8% in the second quarter. State Treasurer State of Michigan now owns 3,776,923 shares of the company’s stock valued at $34,710,000 after buying an additional 700,000 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Fortress Transportation and Infrastructure Investors by 13.4% in the second quarter. Ameriprise Financial Inc. now owns 661,825 shares of the company’s stock valued at $6,083,000 after buying an additional 78,407 shares during the period. Telemus Capital LLC increased its stake in shares of Fortress Transportation and Infrastructure Investors by 26.4% in the third quarter. Telemus Capital LLC now owns 520,548 shares of the company’s stock valued at $6,512,000 after buying an additional 108,884 shares during the period. Falcon Point Capital LLC bought a new stake in shares of Fortress Transportation and Infrastructure Investors during the third quarter valued at approximately $1,932,000. Finally, Avenir Corp increased its stake in shares of Fortress Transportation and Infrastructure Investors by 15.1% in the second quarter. Avenir Corp now owns 134,090 shares of the company’s stock valued at $1,232,000 after buying an additional 17,550 shares during the period. 24.88% of the stock is owned by hedge funds and other institutional investors.

About Fortress Transportation and Infrastructure Investors

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