Clearline Capital LP Invests $687,000 in FTAI Aviation Ltd. $FTAI

Clearline Capital LP bought a new position in FTAI Aviation Ltd. (NASDAQ:FTAI) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 3,491 shares of the financial services provider’s stock, valued at approximately $687,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Concentric Capital Strategies LP lifted its position in shares of FTAI Aviation by 427.8% in the 4th quarter. Concentric Capital Strategies LP now owns 105,177 shares of the financial services provider’s stock worth $20,704,000 after purchasing an additional 85,251 shares during the period. Aristotle Capital Boston LLC lifted its position in shares of FTAI Aviation by 3.4% in the 4th quarter. Aristotle Capital Boston LLC now owns 22,957 shares of the financial services provider’s stock worth $4,519,000 after purchasing an additional 748 shares during the period. Aventail Capital Group LP purchased a new stake in shares of FTAI Aviation in the 4th quarter worth about $2,011,000. Challenger Wealth Management purchased a new stake in shares of FTAI Aviation in the 4th quarter worth about $272,000. Finally, Abel Hall LLC purchased a new stake in shares of FTAI Aviation in the 4th quarter worth about $253,000. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Stock Up 3.3%

NASDAQ:FTAI opened at $277.31 on Thursday. The firm has a market cap of $28.45 billion, a P/E ratio of 55.02, a P/E/G ratio of 1.08 and a beta of 1.47. The company has a debt-to-equity ratio of 8.00, a quick ratio of 2.48 and a current ratio of 5.24. FTAI Aviation Ltd. has a fifty-two week low of $108.47 and a fifty-two week high of $323.51. The firm has a 50-day simple moving average of $249.66 and a two-hundred day simple moving average of $243.44.

FTAI Aviation (NASDAQ:FTAI) last released its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.32). The firm had revenue of $830.70 million for the quarter. FTAI Aviation had a net margin of 18.92% and a return on equity of 181.43%. The business’s quarterly revenue was up 65.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.87 EPS. Analysts predict that FTAI Aviation Ltd. will post 6.77 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Wednesday, May 13th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Wednesday, May 13th. FTAI Aviation’s dividend payout ratio (DPR) is currently 31.75%.

Insider Transactions at FTAI Aviation

In related news, Director Judith A. Hannaway sold 255 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $253.89, for a total transaction of $64,741.95. Following the sale, the director directly owned 3,012 shares of the company’s stock, valued at $764,716.68. This trade represents a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Martin Tuchman sold 67,500 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $241.99, for a total value of $16,334,325.00. Following the sale, the director directly owned 210,491 shares in the company, valued at $50,936,717.09. This trade represents a 24.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 254,515 shares of company stock valued at $61,599,445. 1.35% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on FTAI shares. Weiss Ratings cut shares of FTAI Aviation from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 27th. Zacks Research cut shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. BTIG Research lifted their price target on shares of FTAI Aviation from $335.00 to $340.00 and gave the company a “buy” rating in a research report on Friday, March 13th. Jefferies Financial Group reissued a “buy” rating and set a $400.00 price target on shares of FTAI Aviation in a research report on Sunday, May 3rd. Finally, Barclays lifted their price target on shares of FTAI Aviation from $260.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, FTAI Aviation presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.88.

FTAI Aviation Profile

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.