FTAI Aviation (NASDAQ:FTAIN) Stock Price Up 0.4% – What’s Next?

FTAI Aviation Ltd. (NASDAQ:FTAIN)’s stock price traded up 0.4% during trading on Friday . The company traded as high as $25.44 and last traded at $25.39. 3,918 shares traded hands during mid-day trading, a decline of 51% from the average session volume of 7,982 shares. The stock had previously closed at $25.30.

FTAI Aviation Stock Performance

The firm’s 50 day moving average is $25.57 and its two-hundred day moving average is $25.44.

FTAI Aviation Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 8.2%. This is a boost from FTAI Aviation’s previous quarterly dividend of $0.52. The ex-dividend date is Monday, December 1st.

Hedge Funds Weigh In On FTAI Aviation

An institutional investor recently raised its position in FTAI Aviation stock. Shikiar Asset Management Inc. increased its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAIN) by 3.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,700 shares of the company’s stock after buying an additional 1,250 shares during the period. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $1,043,000 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.