Boothbay Fund Management LLC Acquires New Shares in FTAI Aviation Ltd. (NYSE:FTAI)

Boothbay Fund Management LLC acquired a new position in FTAI Aviation Ltd. (NYSE:FTAI) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 1,875 shares of the financial services provider’s stock, valued at approximately $270,000.

Several other institutional investors also recently bought and sold shares of the stock. Transce3nd LLC bought a new stake in shares of FTAI Aviation during the 4th quarter worth $29,000. Anchor Investment Management LLC bought a new stake in FTAI Aviation during the third quarter valued at about $31,000. Private Trust Co. NA increased its stake in shares of FTAI Aviation by 221.1% in the fourth quarter. Private Trust Co. NA now owns 244 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 168 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of FTAI Aviation during the 4th quarter worth about $36,000. Finally, Blue Trust Inc. acquired a new position in shares of FTAI Aviation during the 4th quarter worth about $56,000. 88.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling at FTAI Aviation

In related news, COO David Moreno acquired 6,580 shares of the company’s stock in a transaction that occurred on Friday, May 2nd. The stock was acquired at an average price of $94.85 per share, for a total transaction of $624,113.00. Following the completion of the acquisition, the chief operating officer now owns 231,623 shares of the company’s stock, valued at $21,969,441.55. This trade represents a 2.92 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Joseph P. Jr. Adams bought 3,000 shares of the business’s stock in a transaction on Friday, May 2nd. The stock was bought at an average cost of $94.54 per share, for a total transaction of $283,620.00. Following the purchase, the chief executive officer now directly owns 341,852 shares of the company’s stock, valued at approximately $32,318,688.08. This trade represents a 0.89 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.60% of the company’s stock.

FTAI Aviation Stock Up 3.5 %

Shares of FTAI Aviation stock opened at $89.95 on Friday. FTAI Aviation Ltd. has a 12-month low of $75.06 and a 12-month high of $181.64. The stock has a market capitalization of $9.22 billion, a P/E ratio of -899.41 and a beta of 1.64. The company has a 50-day simple moving average of $105.00 and a 200 day simple moving average of $126.67.

FTAI Aviation (NYSE:FTAI) last posted its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.08). FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The firm’s revenue for the quarter was up 53.7% on a year-over-year basis. During the same quarter last year, the business posted $0.31 EPS. On average, equities analysts anticipate that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 16th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.33%. FTAI Aviation’s payout ratio is currently 571.43%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Stifel Nicolaus raised FTAI Aviation from a “hold” rating to a “buy” rating and set a $123.00 price target on the stock in a research report on Friday. Morgan Stanley reduced their price target on shares of FTAI Aviation from $168.00 to $138.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Barclays dropped their price objective on shares of FTAI Aviation from $180.00 to $150.00 and set an “overweight” rating on the stock in a report on Thursday. Wolfe Research upgraded shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 target price for the company in a research note on Friday, January 10th. Finally, StockNews.com upgraded FTAI Aviation to a “sell” rating in a research note on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $167.83.

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.