FTAI Aviation (NASDAQ:FTAIM) Shares Down 0.1% – Should You Sell?

FTAI Aviation Ltd. (NASDAQ:FTAIM)’s stock price was down 0.1% on Friday . The company traded as low as $27.29 and last traded at $27.42. Approximately 2,555 shares were traded during trading, a decline of 47% from the average session volume of 4,804 shares. The stock had previously closed at $27.44.

FTAI Aviation Price Performance

The business has a 50-day simple moving average of $27.34 and a 200-day simple moving average of $27.11.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $0.5938 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.38 dividend on an annualized basis and a dividend yield of 8.7%.

Hedge Funds Weigh In On FTAI Aviation

An institutional investor recently bought a new stake in FTAI Aviation stock. Navellier & Associates Inc. bought a new stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAIM) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,642 shares of the company’s stock, valued at approximately $985,000.

FTAI Aviation Company Profile

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.