Granahan Investment Management LLC Increases Position in FTAI Aviation Ltd. $FTAI

Granahan Investment Management LLC grew its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 29.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 347,365 shares of the financial services provider’s stock after purchasing an additional 79,993 shares during the period. FTAI Aviation makes up 2.9% of Granahan Investment Management LLC’s investment portfolio, making the stock its 4th largest holding. Granahan Investment Management LLC’s holdings in FTAI Aviation were worth $68,379,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Greenline Wealth Management LLC purchased a new position in FTAI Aviation during the 4th quarter valued at about $50,000. First Horizon Corp lifted its position in FTAI Aviation by 131.9% during the 4th quarter. First Horizon Corp now owns 320 shares of the financial services provider’s stock valued at $63,000 after acquiring an additional 182 shares during the period. Covestor Ltd lifted its position in FTAI Aviation by 338.6% during the 4th quarter. Covestor Ltd now owns 386 shares of the financial services provider’s stock valued at $76,000 after acquiring an additional 298 shares during the period. Rossby Financial LCC lifted its position in FTAI Aviation by 13.6% during the 3rd quarter. Rossby Financial LCC now owns 543 shares of the financial services provider’s stock valued at $94,000 after acquiring an additional 65 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in FTAI Aviation by 88.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 485 shares of the financial services provider’s stock valued at $95,000 after acquiring an additional 227 shares during the period. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Stock Up 1.9%

Shares of FTAI Aviation stock opened at $268.52 on Wednesday. The company has a debt-to-equity ratio of 8.00, a quick ratio of 2.48 and a current ratio of 5.24. The stock has a market capitalization of $27.55 billion, a PE ratio of 53.28, a price-to-earnings-growth ratio of 1.06 and a beta of 1.47. FTAI Aviation Ltd. has a 52-week low of $108.47 and a 52-week high of $323.51. The company has a 50-day simple moving average of $249.05 and a two-hundred day simple moving average of $242.69.

FTAI Aviation (NASDAQ:FTAI) last issued its earnings results on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.32). The firm had revenue of $830.70 million during the quarter. FTAI Aviation had a return on equity of 181.43% and a net margin of 18.92%.The business’s revenue was up 65.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.87 earnings per share. On average, analysts anticipate that FTAI Aviation Ltd. will post 6.77 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Wednesday, May 13th were issued a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $1.80 annualized dividend and a yield of 0.7%. FTAI Aviation’s payout ratio is 31.75%.

Insider Activity

In other FTAI Aviation news, Director Martin Tuchman sold 143,584 shares of FTAI Aviation stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $242.44, for a total value of $34,810,504.96. Following the completion of the transaction, the director directly owned 236,302 shares of the company’s stock, valued at approximately $57,289,056.88. The trade was a 37.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Judith A. Hannaway sold 255 shares of FTAI Aviation stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $253.89, for a total transaction of $64,741.95. Following the completion of the transaction, the director directly owned 3,012 shares of the company’s stock, valued at $764,716.68. This trade represents a 7.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 254,515 shares of company stock valued at $61,599,445 over the last ninety days. Corporate insiders own 1.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on FTAI shares. Jefferies Financial Group reissued a “buy” rating and set a $400.00 price target on shares of FTAI Aviation in a research report on Sunday, May 3rd. Zacks Research cut shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Weiss Ratings cut shares of FTAI Aviation from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 27th. Barclays lifted their price target on shares of FTAI Aviation from $260.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Finally, Morgan Stanley reissued an “overweight” rating and set a $319.00 price target on shares of FTAI Aviation in a research report on Friday, May 8th. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, FTAI Aviation currently has an average rating of “Moderate Buy” and a consensus target price of $326.88.

About FTAI Aviation

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.