58,790 Shares in FTAI Aviation Ltd. (NYSE:FTAI) Acquired by Granahan Investment Management LLC

Granahan Investment Management LLC acquired a new position in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 58,790 shares of the financial services provider's stock, valued at approximately $8,468,000. Granahan Investment Management LLC owned approximately 0.06% of FTAI Aviation at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Barclays PLC lifted its position in FTAI Aviation by 73.5% in the third quarter. Barclays PLC now owns 214,610 shares of the financial services provider's stock valued at $28,520,000 after acquiring an additional 90,905 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of FTAI Aviation by 148.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 116,059 shares of the financial services provider's stock valued at $16,717,000 after purchasing an additional 69,260 shares during the last quarter. Harbour Capital Advisors LLC boosted its position in shares of FTAI Aviation by 13.2% in the 4th quarter. Harbour Capital Advisors LLC now owns 7,690 shares of the financial services provider's stock valued at $1,164,000 after purchasing an additional 895 shares during the period. SeaCrest Wealth Management LLC boosted its position in shares of FTAI Aviation by 77.1% in the 4th quarter. SeaCrest Wealth Management LLC now owns 6,555 shares of the financial services provider's stock valued at $944,000 after purchasing an additional 2,853 shares during the period. Finally, Park Avenue Securities LLC grew its stake in FTAI Aviation by 8.5% during the 4th quarter. Park Avenue Securities LLC now owns 2,187 shares of the financial services provider's stock worth $315,000 after buying an additional 172 shares during the last quarter. Hedge funds and other institutional investors own 88.96% of the company's stock.

FTAI Aviation Price Performance

Shares of FTAI stock opened at $107.12 on Friday. The business's fifty day moving average price is $103.06 and its 200 day moving average price is $125.42. The firm has a market capitalization of $10.99 billion, a PE ratio of -1,071.09 and a beta of 1.64. FTAI Aviation Ltd. has a 1-year low of $75.06 and a 1-year high of $181.64.

FTAI Aviation (NYSE:FTAI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.87 earnings per share for the quarter, missing analysts' consensus estimates of $0.95 by ($0.08). FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. During the same quarter last year, the firm earned $0.31 EPS. The company's quarterly revenue was up 53.7% compared to the same quarter last year. Equities research analysts expect that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently declared 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 1.12%. FTAI Aviation's payout ratio is 571.43%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on FTAI shares. Citizens Jmp raised FTAI Aviation to a "strong-buy" rating in a report on Thursday. Royal Bank of Canada decreased their price target on shares of FTAI Aviation from $140.00 to $130.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. 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 research note on Thursday, May 1st. Morgan Stanley decreased their target price on shares of FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Finally, Stifel Nicolaus upgraded 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, May 2nd. One investment analyst has rated the stock with a sell rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $171.83.

Insider Activity

In related news, CEO Joseph P. Jr. Adams purchased 3,000 shares of the company's stock in a transaction on Friday, May 2nd. The stock was bought at an average price of $94.54 per share, with a total value of $283,620.00. Following the completion of the transaction, the chief executive officer now owns 341,852 shares of the company's stock, valued at approximately $32,318,688.08. This represents a 0.89 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stacy Kuperus bought 1,087 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The stock was purchased at an average cost of $92.90 per share, with a total value of $100,982.30. Following the purchase, the insider now directly owns 88,423 shares in the company, valued at $8,214,496.70. The trade was a 1.24 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders purchased 10,667 shares of company stock worth $1,008,715. Company insiders own 1.30% of the company's stock.

FTAI Aviation 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.