FTAI Aviation (NASDAQ:FTAIN) Trading 0.1% Higher – Still a Buy?

FTAI Aviation Ltd. (NASDAQ:FTAIN)’s stock price shot up 0.1% on Friday . The stock traded as high as $25.35 and last traded at $25.33. 7,476 shares traded hands during trading, a decline of 22% from the average session volume of 9,633 shares. The stock had previously closed at $25.31.

FTAI Aviation Trading Up 0.1%

The company has a fifty day moving average of $25.35 and a two-hundred day moving average of $25.29.

FTAI Aviation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 8th were paid a $0.5156 dividend. The ex-dividend date was Friday, August 8th. This represents a $2.06 dividend on an annualized basis and a yield of 8.1%.

Institutional Trading of FTAI Aviation

A hedge fund recently raised its stake in FTAI Aviation stock. Shikiar Asset Management Inc. grew its holdings in FTAI Aviation Ltd. (NASDAQ:FTAIN) by 2.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,950 shares of the company’s stock after purchasing an additional 1,300 shares during the period. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $1,185,000 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.