Mariner Investment Group LLC Makes New Investment in FTAI Aviation Ltd. (NASDAQ:FTAI)

Mariner Investment Group LLC purchased a new position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,000 shares of the financial services provider's stock, valued at approximately $1,110,000. FTAI Aviation makes up 0.4% of Mariner Investment Group LLC's holdings, making the stock its 18th largest holding.

Other institutional investors also recently made changes to their positions in the company. Versant Capital Management Inc grew its position in shares of FTAI Aviation by 420.9% in the first quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 181 shares during the period. Virtus Fund Advisers LLC purchased a new stake in FTAI Aviation in the 4th quarter valued at about $26,000. Transce3nd LLC acquired a new position in shares of FTAI Aviation during the 4th quarter valued at about $29,000. Kapitalo Investimentos Ltda purchased a new position in shares of FTAI Aviation during the 4th quarter worth about $30,000. Finally, Rakuten Securities Inc. purchased a new position in shares of FTAI Aviation during the 1st quarter worth about $34,000. 88.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at FTAI Aviation

In other news, CEO Joseph P. Jr. Adams acquired 3,000 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The shares were acquired at an average price of $94.54 per share, with a total value of $283,620.00. Following the acquisition, the chief executive officer directly owned 341,852 shares in the company, valued at approximately $32,318,688.08. The trade was a 0.89% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stacy Kuperus acquired 1,087 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The stock was purchased at an average price of $92.90 per share, for a total transaction of $100,982.30. Following the completion of the transaction, the insider owned 88,423 shares in the company, valued at $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. Over the last three months, insiders have purchased 10,667 shares of company stock worth $1,008,715. 1.60% of the stock is owned by insiders.

FTAI Aviation Trading Up 0.3%

NASDAQ FTAI traded up $0.29 during mid-day trading on Monday, reaching $113.88. 787,394 shares of the company's stock traded hands, compared to its average volume of 2,410,791. FTAI Aviation Ltd. has a 1-year low of $75.06 and a 1-year high of $181.64. The company has a market cap of $11.68 billion, a price-to-earnings ratio of 542.29 and a beta of 1.62. The company has a fifty day simple moving average of $119.13 and a 200-day simple moving average of $114.66.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.08). FTAI Aviation had a net margin of 3.74% and a return on equity of 438.32%. During the same period last year, the firm posted $0.31 EPS. The firm's quarterly revenue was up 53.7% compared to the same quarter last year. Equities research analysts forecast that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 16th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, May 16th. This represents a $1.20 annualized dividend and a yield of 1.05%. FTAI Aviation's dividend payout ratio (DPR) is 571.43%.

Analysts Set New Price Targets

Several brokerages recently commented on FTAI. Morgan Stanley dropped their price target on shares of FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. JMP Securities dropped their price objective on FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating for the company in a report on Thursday, May 8th. Barclays reduced their target price on FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. Citigroup restated a "buy" rating on shares of FTAI Aviation in a research note on Thursday, July 10th. Finally, Royal Bank Of Canada reduced their price objective on 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 issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $171.83.

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.