Driehaus Capital Management LLC Sells 251,663 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Driehaus Capital Management LLC reduced its stake in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 18.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,090,006 shares of the financial services provider's stock after selling 251,663 shares during the period. FTAI Aviation accounts for 1.3% of Driehaus Capital Management LLC's holdings, making the stock its 8th biggest holding. Driehaus Capital Management LLC owned about 1.06% of FTAI Aviation worth $157,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in FTAI. Transce3nd LLC purchased a new position in shares of FTAI Aviation during the fourth quarter worth $29,000. Kapitalo Investimentos Ltda acquired a new stake in shares of FTAI Aviation in the fourth quarter valued at about $30,000. Private Trust Co. NA grew its position 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 valued at $35,000 after purchasing an additional 168 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of FTAI Aviation in the fourth quarter valued at about $36,000. Finally, Blue Trust Inc. acquired a new stake in shares of FTAI Aviation in the fourth quarter valued at about $56,000. 88.96% of the stock is currently owned by institutional investors.

Insider Activity at FTAI Aviation

In related news, CEO Joseph P. Jr. Adams purchased 3,000 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was acquired at an average price of $94.54 per share, for a total transaction of $283,620.00. Following the completion of the purchase, the chief executive officer now directly owns 341,852 shares of the company's stock, valued at $32,318,688.08. This trade represents a 0.89% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stacy Kuperus purchased 1,087 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were bought at an average price of $92.90 per share, with a total value of $100,982.30. Following the purchase, the insider now directly owns 88,423 shares of the company's stock, valued at approximately $8,214,496.70. The trade was a 1.24% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 10,667 shares of company stock worth $1,008,715 in the last 90 days. 1.30% of the stock is owned by insiders.

FTAI Aviation Stock Up 4.7%

FTAI traded up $5.28 on Tuesday, reaching $118.24. The company's stock had a trading volume of 991,146 shares, compared to its average volume of 1,771,032. The stock has a 50 day moving average of $103.06 and a two-hundred day moving average of $124.97. The company has a market capitalization of $12.13 billion, a price-to-earnings ratio of -1,182.28 and a beta of 1.64. FTAI Aviation Ltd. has a fifty-two week low of $75.06 and a fifty-two week high of $181.64.

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

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 16th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Friday, May 16th. FTAI Aviation's payout ratio is currently 571.43%.

Wall Street Analyst Weigh In

FTAI has been the topic of a number of research reports. StockNews.com raised shares of FTAI Aviation to a "sell" rating in a research note on Wednesday, April 23rd. JMP Securities reduced their price target on shares of FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating on the stock in a research note on Thursday, May 8th. Citigroup reissued a "buy" rating on shares of FTAI Aviation in a research note on Thursday, March 6th. Citizens Jmp raised shares of FTAI Aviation to a "strong-buy" rating in a research note on Thursday, May 8th. Finally, Royal Bank of Canada cut their price target on shares of FTAI Aviation from $140.00 to $130.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $171.83.

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.