FTAI Aviation (NASDAQ:FTAIM) Trading Down 2.4% – Should You Sell?

FTAI Aviation Ltd. (NASDAQ:FTAIM) dropped 2.4% during mid-day trading on Tuesday . The stock traded as low as $25.07 and last traded at $26.31. Approximately 25,047 shares were traded during trading, an increase of 161% from the average daily volume of 9,593 shares. The stock had previously closed at $26.96.

FTAI Aviation Stock Performance

The business’s 50 day simple moving average is $26.92 and its 200 day simple moving average is $26.34.

FTAI Aviation Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.5938 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.38 annualized dividend and a dividend yield of 8.82%.

Institutional Trading of FTAI Aviation

A hedge fund recently raised its stake in FTAI Aviation stock. Shikiar Asset Management Inc. boosted its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAIM) by 4.5% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 128,350 shares of the company’s stock after purchasing an additional 5,550 shares during the period. FTAI Aviation comprises approximately 0.9% of Shikiar Asset Management Inc.’s holdings, making the stock its 29th largest position. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $3,355,000 as of its most recent SEC filing.

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.