FTAI Aviation (NASDAQ:FTAIM) Stock Price Up 0.7% – Here’s Why

FTAI Aviation Ltd. (NASDAQ:FTAIM)’s stock price rose 0.7% during mid-day trading on Monday . The company traded as high as $27.33 and last traded at $27.30. 1,617 shares were traded during trading, a decline of 63% from the average daily volume of 4,427 shares. The stock had previously closed at $27.12.

FTAI Aviation Price Performance

The firm has a fifty day simple moving average of $27.40 and a two-hundred day simple moving average of $27.12.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued a $0.5938 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $2.38 annualized dividend and a yield of 8.7%.

Institutional Investors Weigh In On FTAI Aviation

A hedge fund recently bought a new position in FTAI Aviation stock. Navellier & Associates Inc. purchased a new stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAIM) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 3,642 shares of the company’s stock, valued at approximately $985,000.

About FTAI Aviation

FTAI Aviation Ltd., trading on the NASDAQ under the symbol FTAIM, is a publicly listed holding company that offers investors exposure to the commercial aviation sector through its wholly owned operating subsidiary, Azorra Aviation. The company’s core business is centered on acquiring, leasing and trading narrowbody aircraft, with a fleet predominantly comprised of Airbus A320- and Boeing 737-family jets. Through long-term lease agreements, sale-and-leaseback transactions and selective asset disposals, FTAI Aviation seeks to generate predictable rental streams and capture residual value appreciation over the life cycle of each aircraft.

FTAI Aviation emerged in mid-2021 following the completion of a business combination with Azorra Aviation and the subsequent rebranding of its former sponsor, FTAI Infrastructure.