FTAI Aviation (NASDAQ:FTAIM) Shares Down 0.1% – Time to Sell?

FTAI Aviation Ltd. (NASDAQ:FTAIMGet Free Report) traded down 0.1% during trading on Friday . The stock traded as low as $27.29 and last traded at $27.42. 2,555 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 4,804 shares. The stock had previously closed at $27.44.

FTAI Aviation Stock Down 0.1%

The business’s fifty day moving average is $27.34 and its two-hundred day moving average is $27.11.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $0.5938 dividend. This represents a $2.38 annualized dividend and a yield of 8.7%. The ex-dividend date of this dividend is Tuesday, September 1st.

Hedge Funds Weigh In On FTAI Aviation

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

FTAI Aviation Company Profile

(Get Free Report)

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.

Further Reading

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