Garnet Equity Capital Holdings Inc. Purchases 40,000 Shares of FTAI Aviation Ltd. $FTAI

Garnet Equity Capital Holdings Inc. increased its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 45.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 128,000 shares of the financial services provider’s stock after acquiring an additional 40,000 shares during the period. FTAI Aviation comprises about 3.5% of Garnet Equity Capital Holdings Inc.’s portfolio, making the stock its 7th biggest position. Garnet Equity Capital Holdings Inc. owned about 0.12% of FTAI Aviation worth $14,725,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Royce & Associates LP grew its stake in shares of FTAI Aviation by 97.9% in the first quarter. Royce & Associates LP now owns 411,248 shares of the financial services provider’s stock worth $45,661,000 after purchasing an additional 203,447 shares during the last quarter. Maryland State Retirement & Pension System acquired a new position in FTAI Aviation during the 2nd quarter worth about $570,000. Harbor Capital Advisors Inc. lifted its holdings in FTAI Aviation by 4.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 154,462 shares of the financial services provider’s stock worth $17,769,000 after buying an additional 6,709 shares during the period. Peregrine Capital Management LLC grew its position in shares of FTAI Aviation by 1.8% in the 2nd quarter. Peregrine Capital Management LLC now owns 91,373 shares of the financial services provider’s stock valued at $10,512,000 after buying an additional 1,632 shares during the last quarter. Finally, Nicholas Hoffman & Company LLC. increased its stake in shares of FTAI Aviation by 150.0% in the first quarter. Nicholas Hoffman & Company LLC. now owns 5,000 shares of the financial services provider’s stock valued at $555,000 after buying an additional 3,000 shares during the period. 88.96% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Stock Up 0.5%

Shares of NASDAQ:FTAI opened at $154.35 on Thursday. The stock has a market cap of $15.83 billion, a price-to-earnings ratio of 35.24 and a beta of 1.67. FTAI Aviation Ltd. has a 12-month low of $75.06 and a 12-month high of $194.36. The business’s 50 day moving average is $170.34 and its 200 day moving average is $140.28.

FTAI Aviation (NASDAQ:FTAI) last released its quarterly earnings results on Monday, October 27th. The financial services provider reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.09). FTAI Aviation had a net margin of 20.82% and a return on equity of 370.51%. The company had revenue of $667.06 million during the quarter, compared to analysts’ expectations of $662.51 million. During the same period in the previous year, the company posted $0.76 earnings per share. The company’s quarterly revenue was up 43.2% compared to the same quarter last year. As a group, equities research analysts expect that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 19th. Investors of record on Monday, November 10th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, November 10th. FTAI Aviation’s dividend payout ratio (DPR) is presently 31.96%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Morgan Stanley lifted their price objective on FTAI Aviation from $138.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. Weiss Ratings downgraded shares of FTAI Aviation from a “buy (b-)” rating to a “hold (c)” rating in a research report on Friday, November 7th. Zacks Research upgraded shares of FTAI Aviation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 20th. Royal Bank Of Canada boosted their target price on shares of FTAI Aviation from $185.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. Finally, BTIG Research reiterated a “buy” rating and set a $230.00 price target on shares of FTAI Aviation in a report on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $201.11.

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.