Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) Director Kenneth J. Nicholson purchased 30,000 shares of the firm’s stock in a transaction on Friday, March 20th. The stock was bought at an average price of $6.40 per share, for a total transaction of $192,000.00. Following the completion of the transaction, the director now directly owns 12,362 shares in the company, valued at $79,116.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

NYSE:FTAI opened at $8.08 on Thursday. The company has a 50-day moving average of $15.91 and a 200-day moving average of $17.04. The company has a market capitalization of $546.51 million, a price-to-earnings ratio of 3.11 and a beta of 1.10. Fortress Transprtn and Infr Investrs LLC has a 52 week low of $3.69 and a 52 week high of $21.73. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.19 and a current ratio of 0.19.

Fortress Transprtn and Infr Investrs (NYSE:FTAI) last announced its quarterly earnings results on Thursday, February 27th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $1.23. Fortress Transprtn and Infr Investrs had a net margin of 36.35% and a return on equity of 4.27%. The firm had revenue of $161.33 million during the quarter, compared to the consensus estimate of $154.83 million. During the same period last year, the firm posted $0.01 EPS. The firm’s quarterly revenue was up 25.4% on a year-over-year basis. Sell-side analysts forecast that Fortress Transprtn and Infr Investrs LLC will post 0.82 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Friday, March 13th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 16.34%. The ex-dividend date was Thursday, March 12th. Fortress Transprtn and Infr Investrs’s dividend payout ratio is currently 235.71%.

Hedge funds have recently made changes to their positions in the stock. Wealthcare Advisory Partners LLC bought a new position in Fortress Transprtn and Infr Investrs during the 4th quarter valued at about $29,000. Sunbelt Securities Inc. bought a new position in Fortress Transprtn and Infr Investrs during the 4th quarter valued at about $10,288,000. Advisory Services Network LLC bought a new position in Fortress Transprtn and Infr Investrs during the 4th quarter valued at about $43,000. Winning Points Advisors LLC bought a new position in Fortress Transprtn and Infr Investrs during the 4th quarter valued at about $332,000. Finally, Cavalier Investments LLC bought a new position in Fortress Transprtn and Infr Investrs during the 4th quarter valued at about $344,000. 33.95% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on the stock. B. Riley raised their price objective on shares of Fortress Transprtn and Infr Investrs from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. BTIG Research raised their price objective on shares of Fortress Transprtn and Infr Investrs from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Bank of America reduced their price objective on shares of Fortress Transprtn and Infr Investrs from $22.00 to $13.00 and set a “buy” rating for the company in a report on Friday, March 20th. Zacks Investment Research raised shares of Fortress Transprtn and Infr Investrs from a “hold” rating to a “buy” rating and set a $6.25 price objective for the company in a report on Thursday, March 19th. Finally, ValuEngine raised shares of Fortress Transprtn and Infr Investrs from a “sell” rating to a “hold” rating in a report on Tuesday, March 3rd. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $20.18.

About Fortress Transprtn and Infr Investrs

Fortress Transportation and Infrastructure Investors LLC owns and acquires infrastructure and related equipment for the transportation of goods and people in Africa, Asia, Europe, North America, and South America. It operates in six segments: Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal, Railroad, and Ports and Terminals.

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