FTAI Aviation (NASDAQ:FTAIM) Trading 0.5% Higher – Still a Buy?

FTAI Aviation Ltd. (NASDAQ:FTAIM)’s stock price was up 0.5% during mid-day trading on Wednesday . The stock traded as high as $26.80 and last traded at $26.80. Approximately 2,301 shares changed hands during trading, a decline of 75% from the average daily volume of 9,221 shares. The stock had previously closed at $26.66.

FTAI Aviation Stock Performance

The company has a 50-day simple moving average of $26.97 and a 200-day simple moving average of $26.45.

FTAI Aviation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.5938 dividend. This represents a $2.38 annualized dividend and a yield of 8.86%. The ex-dividend date was Monday, December 2nd.

Institutional Trading of FTAI Aviation

A hedge fund recently raised its stake in FTAI Aviation stock. Shikiar Asset Management Inc. increased its stake in FTAI Aviation Ltd. (NASDAQ:FTAIM) by 4.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 128,350 shares of the company’s stock after buying an additional 5,550 shares during the period. FTAI Aviation accounts for about 0.9% of Shikiar Asset Management Inc.’s portfolio, making the stock its 29th largest position. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $3,355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

About FTAI Aviation

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.