FTAI Aviation (NASDAQ:FTAIM) Trading Down 0.2% – Time to Sell?

Shares of FTAI Aviation Ltd. (NASDAQ:FTAIM) traded down 0.2% on Tuesday . The company traded as low as $27.00 and last traded at $27.10. 2,800 shares were traded during trading, a decline of 35% from the average session volume of 4,295 shares. The stock had previously closed at $27.15.

FTAI Aviation Stock Down 0.2%

The business has a fifty day moving average of $27.11 and a 200 day moving average of $26.97.

FTAI Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 9th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 8.7%. The ex-dividend date was Monday, March 9th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in FTAI Aviation stock. Shikiar Asset Management Inc. raised its holdings in FTAI Aviation Ltd. (NASDAQ:FTAIM) by 4.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 158,630 shares of the company’s stock after acquiring an additional 6,430 shares during the period. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $4,248,000 as of its most recent filing with the Securities and Exchange Commission.

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.