FTAI Aviation (NASDAQ:FTAIN) Shares Up 0.1% – Here’s Why

FTAI Aviation Ltd. (NASDAQ:FTAIN) shot up 0.1% on Thursday . The stock traded as high as $25.26 and last traded at $25.16. 14,722 shares traded hands during trading, an increase of 95% from the average session volume of 7,549 shares. The stock had previously closed at $25.13.

FTAI Aviation Stock Performance

The firm has a 50-day moving average of $25.15 and a two-hundred day moving average of $25.38.

FTAI Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Monday, May 12th were given a dividend of $0.5156 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $2.06 annualized dividend and a dividend yield of 8.20%.

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 FTAI Aviation Ltd. (NASDAQ:FTAIN) by 2.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,950 shares of the company’s stock after acquiring 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 SEC filing.

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.