FTAI Aviation (NASDAQ:FTAIN) Shares Up 0.4% – Still a Buy?

FTAI Aviation Ltd. (NASDAQ:FTAIN) shares were up 0.4% during trading on Friday . The stock traded as high as $26.22 and last traded at $26.15. Approximately 1,126 shares changed hands during trading, a decline of 82% from the average daily volume of 6,428 shares. The stock had previously closed at $26.06.

FTAI Aviation Price Performance

The stock has a fifty day simple moving average of $25.95 and a two-hundred day simple moving average of $25.59.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $0.5156 dividend. This represents a $2.06 annualized dividend and a dividend yield of 7.89%. The ex-dividend date is Monday, December 2nd.

Hedge Funds Weigh In On FTAI Aviation

A hedge fund recently bought a new stake in FTAI Aviation stock. Shikiar Asset Management Inc. bought a new position in FTAI Aviation Ltd. (NASDAQ:FTAIN) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 41,400 shares of the company’s stock, valued at approximately $1,062,000.

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.