Emerald Advisers LLC Has $52.92 Million Stock Position in FTAI Aviation Ltd. (NASDAQ:FTAI)

Emerald Advisers LLC lessened its stake in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 23.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 476,579 shares of the financial services provider's stock after selling 145,694 shares during the quarter. FTAI Aviation accounts for 2.4% of Emerald Advisers LLC's investment portfolio, making the stock its largest position. Emerald Advisers LLC owned approximately 0.46% of FTAI Aviation worth $52,915,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Amalgamated Bank boosted its stake in shares of FTAI Aviation by 3.5% during the 1st quarter. Amalgamated Bank now owns 3,518 shares of the financial services provider's stock worth $391,000 after purchasing an additional 120 shares during the last quarter. Virtus Fund Advisers LLC acquired a new stake in shares of FTAI Aviation during the 4th quarter worth about $26,000. Versant Capital Management Inc boosted its stake in shares of FTAI Aviation by 420.9% during the 1st quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider's stock worth $25,000 after purchasing an additional 181 shares during the last quarter. Transce3nd LLC acquired a new stake in shares of FTAI Aviation during the 4th quarter worth about $29,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of FTAI Aviation in the fourth quarter worth approximately $30,000. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Joseph P. Jr. Adams purchased 3,000 shares of FTAI Aviation stock in a transaction dated 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 acquisition, the chief executive officer owned 341,852 shares in the company, valued at $32,318,688.08. The trade was a 0.89% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO David Moreno purchased 6,580 shares of FTAI Aviation stock in a transaction dated Friday, May 2nd. The shares were purchased at an average cost of $94.85 per share, with a total value of $624,113.00. Following the acquisition, the chief operating officer owned 231,623 shares of the company's stock, valued at approximately $21,969,441.55. This trade represents a 2.92% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 10,667 shares of company stock valued at $1,008,715. 1.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on FTAI shares. Wall Street Zen raised shares of FTAI Aviation to a "sell" rating in a research report on Wednesday, April 23rd. Royal Bank Of Canada reduced 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 report on Friday, May 2nd. Stifel Nicolaus raised shares of 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. Citigroup reaffirmed a "buy" rating on shares of FTAI Aviation in a research report on Thursday, July 10th. Finally, Citizens Jmp raised shares of FTAI Aviation to a "strong-buy" rating in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, FTAI Aviation has an average rating of "Moderate Buy" and a consensus target price of $171.83.

FTAI Aviation Stock Up 1.2%

FTAI stock traded up $1.36 during trading on Wednesday, hitting $115.15. 1,017,503 shares of the company's stock traded hands, compared to its average volume of 2,445,016. FTAI Aviation Ltd. has a 52 week low of $75.06 and a 52 week high of $181.64. The stock has a fifty day moving average price of $118.78 and a two-hundred day moving average price of $115.35. The stock has a market capitalization of $11.81 billion, a price-to-earnings ratio of 548.33 and a beta of 1.62.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last released its earnings results on Wednesday, April 30th. The financial services provider reported $0.87 earnings per share 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 quarter in the prior year, the business posted $0.31 EPS. The firm's revenue was up 53.7% compared to the same quarter last year. As a group, equities research analysts expect that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 16th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend was Friday, May 16th. FTAI Aviation's dividend payout ratio (DPR) is 571.43%.

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.