FTAI Aviation (NASDAQ:FTAIM) Stock Price Up 0.5% – Here’s Why

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

FTAI Aviation Trading Up 0.7 %

The company’s 50-day moving average is $26.97 and its 200-day moving average is $26.46.

FTAI Aviation Dividend Announcement

The company 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. The ex-dividend date was Monday, December 2nd. This represents a $2.38 dividend on an annualized basis and a yield of 8.80%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in FTAI Aviation stock. Shikiar Asset Management Inc. grew its position in FTAI Aviation Ltd. (NASDAQ:FTAIM) by 4.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 128,350 shares of the company’s stock after purchasing an additional 5,550 shares during the period. FTAI Aviation comprises 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 at the end of the most recent reporting period.

FTAI Aviation Company Profile

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.