FTAI Aviation (NASDAQ:FTAIM) Trading Up 0.5% – Still a Buy?

FTAI Aviation Ltd. (NASDAQ:FTAIM)’s share price shot up 0.5% on Wednesday . The stock traded as high as $26.80 and last traded at $26.80. 2,301 shares changed hands during mid-day 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 price is $26.97 and its 200-day moving average price is $26.46.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a dividend of $0.5938 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.38 dividend on an annualized basis and a dividend yield of 8.80%.

Institutional Trading of FTAI Aviation

A hedge fund recently raised its stake in FTAI Aviation stock. Shikiar Asset Management Inc. lifted its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAIM) by 4.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 128,350 shares of the company’s stock after purchasing an additional 5,550 shares during the period. FTAI Aviation accounts for 0.9% of Shikiar Asset Management Inc.’s holdings, making the stock its 29th biggest position. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $3,355,000 as of its most recent filing with the Securities & Exchange Commission.

About FTAI Aviation

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.