FTAI Aviation (NASDAQ:FTAIM) Stock Price Down 2.4% – Time to Sell?

FTAI Aviation Ltd. (NASDAQ:FTAIM)’s share price fell 2.4% during trading on Tuesday . The stock traded as low as $25.07 and last traded at $26.31. 25,047 shares changed hands during trading, an increase of 161% from the average session 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.5938 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.38 annualized dividend and a yield of 9.03%.

Institutional Trading of FTAI Aviation

A hedge fund recently raised its stake in FTAI Aviation stock. Shikiar Asset Management Inc. raised its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAIM) by 4.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 128,350 shares of the company’s stock after buying an additional 5,550 shares during the period. FTAI Aviation comprises approximately 0.9% of Shikiar Asset Management Inc.’s investment portfolio, making the stock its 29th biggest position. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $3,355,000 as of its most recent SEC filing.

About FTAI Aviation

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.