FTAI Aviation (NASDAQ:FTAIM) Stock Price Down 0.2%

FTAI Aviation Ltd. (NASDAQ:FTAIM)’s share price was down 0.2% on Tuesday . The stock traded as low as $26.01 and last traded at $26.01. Approximately 8,038 shares traded hands during trading, a decline of 26% from the average daily volume of 10,809 shares. The stock had previously closed at $26.08.

FTAI Aviation Stock Performance

The stock has a 50-day simple moving average of $26.16 and a 200-day simple moving average of $25.73.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, September 6th will be issued a $0.5938 dividend. This represents a $2.38 annualized dividend and a yield of 9.10%. The ex-dividend date of this dividend is Friday, September 6th.

Hedge Funds Weigh In On FTAI Aviation

A hedge fund recently raised its stake in FTAI Aviation stock. Shikiar Asset Management Inc. increased its stake in FTAI Aviation Ltd. (NASDAQ:FTAIM) by 506.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,800 shares of the company’s stock after acquiring an additional 102,550 shares during the period. FTAI Aviation makes up approximately 0.9% of Shikiar Asset Management Inc.’s investment portfolio, making the stock its 28th biggest position. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $3,211,000 at the end of the most recent reporting period.

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.