FTAI Aviation (NASDAQ:FTAIN) Stock Price Down 1.2% – Here’s What Happened

Shares of FTAI Aviation Ltd. (NASDAQ:FTAIN) fell 1.2% during mid-day trading on Monday . The company traded as low as $25.49 and last traded at $25.49. 1,670 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 6,180 shares. The stock had previously closed at $25.81.

FTAI Aviation Trading Down 1.2 %

The business’s fifty day simple moving average is $25.89 and its 200 day simple moving average is $25.67.

FTAI Aviation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.5156 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.06 annualized dividend and a dividend yield of 8.09%.

Institutional Investors Weigh In On FTAI Aviation

A hedge fund recently bought a new stake in FTAI Aviation stock. Shikiar Asset Management Inc. purchased a new stake in FTAI Aviation Ltd. (NASDAQ:FTAIN) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 41,400 shares of the company’s stock, valued at approximately $1,062,000.

FTAI Aviation Company Profile

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.