FTAI Aviation (NASDAQ:FTAIM) Stock Price Down 0.4% – Here’s What Happened

FTAI Aviation Ltd. (NASDAQ:FTAIM) traded down 0.4% on Friday . The stock traded as low as $26.63 and last traded at $26.63. 14,063 shares changed hands during mid-day trading, an increase of 223% from the average session volume of 4,355 shares. The stock had previously closed at $26.75.

FTAI Aviation Stock Down 0.4%

The company has a fifty day moving average price of $26.87 and a two-hundred day moving average price of $26.98.

FTAI Aviation Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a dividend of $0.5938 per share. The ex-dividend date is Monday, June 1st. This is an increase from FTAI Aviation’s previous quarterly dividend of $0.59. This represents a $2.38 dividend on an annualized basis and a yield of 8.9%.

Hedge Funds Weigh In On FTAI Aviation

A hedge fund recently raised its stake in FTAI Aviation stock. Shikiar Asset Management Inc. raised its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAIM) by 1.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 160,930 shares of the company’s stock after acquiring an additional 2,900 shares during the period. FTAI Aviation makes up approximately 1.3% of Shikiar Asset Management Inc.’s investment portfolio, making the stock its 25th largest position. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $4,352,000 at the end of the most recent reporting period.

About FTAI Aviation

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.