5 Stocks to Invest In Now According to Viraj Mehta’s Arctis Global

2. Fortress Transportation and Infrastructure Investors LLC (NASDAQ:FTAI)

Arctis Global’s Stake Value: $36,325,000
Percentage of Arctis Global’s 13F Portfolio: 13.6%
Number of Hedge Fund Holders: 17

Fortress Transportation and Infrastructure Investors LLC (NASDAQ:FTAI) is in the business of buying, selling, and managing transportation and transportation-related infrastructure and equipment. At the end of the fourth quarter of 2021, 17 hedge funds in the database of Insider Monkey held stakes worth $268.24 million in Fortress Transportation and Infrastructure Investors LLC (NASDAQ:FTAI), the same as in the previous quarter worth $141.59 million.

Fortress Transportation and Infrastructure Investors LLC (NASDAQ:FTAI) issued a quarterly dividend of $0.33 per share on April 28, in line with the previous. The firm posted earnings for the first fiscal quarter on April 28, reporting a revenue of $137.84 million, up 78.7% year-on-year. For the Russia/Ukraine war, Fortress Transportation and Infrastructure Investors LLC (NASDAQ:FTAI) wrote down $195 million in impairments, bad debt, and lost income, which it intends to recoup in full via insurance revenues, asset sales gains, and outstanding repayments.

Arctis Global held 1.26 million shares of Fortress Transportation and Infrastructure Investors LLC (NASDAQ:FTAI), worth $36.33 million, representing 13.6% of its portfolio. The hedge fund has increased its stake in Fortress Transportation (NASDAQ:FTAI) by a whopping 843% in the fourth quarter of 2021.