2,905 Shares in FTAI Aviation Ltd. $FTAI Purchased by Vident Advisory LLC

Key Points

• Vident Advisory LLC made a new investment in FTAI Aviation Ltd., purchasing 2,905 shares valued at approximately $323,000 in the first quarter.
• FTAI Aviation recently reported earnings per share of $1.57, surpassing analyst expectations, and experienced a 52.4% increase in revenue year-over-year.
• The company declared a quarterly dividend of $0.30 per share with a yield of 0.7%, reflecting a dividend payout ratio of 29.70%.

Vident Advisory LLC purchased a new position in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,905 shares of the financial services provider's stock, valued at approximately $323,000.

A number of other hedge funds have also made changes to their positions in FTAI. Broad Bay Capital Management LP grew its position in shares of FTAI Aviation by 26.8% in the first quarter. Broad Bay Capital Management LP now owns 236,173 shares of the financial services provider's stock valued at $26,222,000 after purchasing an additional 49,885 shares in the last quarter. Ieq Capital LLC grew its position in shares of FTAI Aviation by 313.1% in the first quarter. Ieq Capital LLC now owns 12,022 shares of the financial services provider's stock valued at $1,335,000 after purchasing an additional 9,112 shares in the last quarter. Virtus Advisers LLC purchased a new stake in shares of FTAI Aviation in the first quarter valued at approximately $29,000. Quantitative Investment Management LLC grew its position in shares of FTAI Aviation by 42.9% in the first quarter. Quantitative Investment Management LLC now owns 13,314 shares of the financial services provider's stock valued at $1,478,000 after purchasing an additional 3,997 shares in the last quarter. Finally, Advantage Alpha Capital Partners LP grew its position in shares of FTAI Aviation by 196.1% in the first quarter. Advantage Alpha Capital Partners LP now owns 141,808 shares of the financial services provider's stock valued at $15,745,000 after purchasing an additional 93,914 shares in the last quarter. Institutional investors and hedge funds own 88.96% of the company's stock.

FTAI Aviation Trading Up 8.1%

FTAI opened at $166.42 on Tuesday. The stock's 50-day moving average price is $132.22 and its 200 day moving average price is $119.10. FTAI Aviation Ltd. has a 12-month low of $75.06 and a 12-month high of $181.64. The firm has a market cap of $17.07 billion, a price-to-earnings ratio of 41.19 and a beta of 1.65.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.24. The business had revenue of $676.24 million for the quarter, compared to analysts' expectations of $754.75 million. FTAI Aviation had a return on equity of 465.13% and a net margin of 21.31%.The company's revenue for the quarter was up 52.4% compared to the same quarter last year. During the same period last year, the firm earned ($2.26) earnings per share. On average, research analysts forecast that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 12th were paid a $0.30 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $1.20 dividend on an annualized basis and a yield of 0.7%. FTAI Aviation's dividend payout ratio (DPR) is currently 29.70%.

Analyst Ratings Changes

Several brokerages recently weighed in on FTAI. Morgan Stanley increased their price objective on FTAI Aviation from $138.00 to $175.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 20th. Zacks Research upgraded FTAI Aviation from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 20th. JMP Securities increased their price objective on FTAI Aviation from $180.00 to $205.00 and gave the stock a "market outperform" rating in a research report on Wednesday, August 6th. Royal Bank Of Canada increased their price objective on FTAI Aviation from $130.00 to $160.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Finally, BTIG Research increased their price objective on FTAI Aviation from $190.00 to $230.00 and gave the stock a "buy" rating in a research report on Monday, August 25th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, FTAI Aviation presently has an average rating of "Buy" and a consensus target price of $182.83.

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.

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