FTAI Aviation (NASDAQ:FTAIN) Shares Up 0% – Time to Buy?

FTAI Aviation Ltd. (NASDAQ:FTAIN)’s stock price shot up 0% during trading on Friday . The company traded as high as $25.45 and last traded at $25.44. 20,572 shares were traded during trading, an increase of 89% from the average session volume of 10,907 shares. The stock had previously closed at $25.43.

FTAI Aviation Stock Performance

The firm has a 50 day moving average price of $25.31 and a two-hundred day moving average price of $25.44.

FTAI Aviation Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a $0.5156 dividend. The ex-dividend date is Monday, June 1st. This represents a $2.06 dividend on an annualized basis and a dividend yield of 8.1%.

Hedge Funds Weigh In On FTAI Aviation

An institutional investor recently raised its position in FTAI Aviation stock. Shikiar Asset Management Inc. raised its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAIN) by 1.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,200 shares of the company’s stock after buying an additional 500 shares during the quarter. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $1,046,000 at the end of the most recent quarter.

FTAI Aviation Company Profile

FTAI Aviation Ltd. is a publicly traded aircraft leasing company that acquires, leases and sells commercial jet aircraft to airlines worldwide. The company’s fleet consists of narrow-body and wide-body jets, primarily from the Airbus A320 family and Boeing 737 series, which it places under operating leases with carriers across Europe, Asia, the Middle East, Africa and Latin America. FTAI Aviation focuses on modern, mid-life aircraft to balance acquisition cost with residual value stability.

In addition to lease financing, FTAI Aviation provides comprehensive asset management and remarketing services.