Fortitude Advisory Group L.L.C. Purchases Shares of 9,405 FTAI Aviation Ltd. (NASDAQ:FTAI)

Fortitude Advisory Group L.L.C. acquired a new stake in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 9,405 shares of the financial services provider's stock, valued at approximately $1,044,000. FTAI Aviation accounts for 0.7% of Fortitude Advisory Group L.L.C.'s holdings, making the stock its 26th biggest holding.

Several other hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc boosted its position in FTAI Aviation by 420.9% in the 1st quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider's stock valued at $25,000 after buying an additional 181 shares during the period. Virtus Fund Advisers LLC acquired a new stake in shares of FTAI Aviation in the fourth quarter valued at $26,000. Transce3nd LLC purchased a new position in FTAI Aviation in the fourth quarter valued at $29,000. Kapitalo Investimentos Ltda acquired a new position in FTAI Aviation during the 4th quarter worth $30,000. Finally, Private Trust Co. NA grew its stake in FTAI Aviation by 221.1% during the 4th quarter. Private Trust Co. NA now owns 244 shares of the financial services provider's stock worth $35,000 after purchasing an additional 168 shares in the last quarter. Institutional investors and hedge funds own 88.96% of the company's stock.

Insider Buying and Selling at FTAI Aviation

In other FTAI Aviation news, insider Stacy Kuperus acquired 1,087 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were purchased at an average cost of $92.90 per share, with a total value of $100,982.30. Following the purchase, the insider now owns 88,423 shares in the company, valued at approximately $8,214,496.70. The trade was a 1.24% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Joseph P. Jr. Adams purchased 3,000 shares of the 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 transaction, the chief executive officer now directly owns 341,852 shares of the company's stock, valued at approximately $32,318,688.08. The trade was a 0.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have bought 10,667 shares of company stock valued at $1,008,715. 1.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Wall Street Zen raised FTAI Aviation to a "sell" rating in a research report on Wednesday, April 23rd. Stifel Nicolaus raised shares of FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 target price on the stock in a report on Friday, May 2nd. JMP Securities decreased their price target on shares of FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating for the company in a research note on Thursday, May 8th. Citizens Jmp upgraded shares of FTAI Aviation to a "strong-buy" rating in a report on Thursday, May 8th. Finally, Citigroup restated a "buy" rating on shares of FTAI Aviation in a report on Thursday, March 6th. One research analyst has rated the stock with a sell rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, FTAI Aviation presently has a consensus rating of "Moderate Buy" and a consensus target price of $171.83.

FTAI Aviation Stock Down 0.8%

FTAI traded down $0.99 on Friday, reaching $129.09. The company had a trading volume of 1,623,815 shares, compared to its average volume of 2,419,698. FTAI Aviation Ltd. has a 1 year low of $75.06 and a 1 year high of $181.64. The stock has a market capitalization of $13.24 billion, a PE ratio of 614.71 and a beta of 1.66. The stock has a 50-day moving average price of $111.78 and a 200-day moving average price of $118.27.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last posted its quarterly earnings data 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%. The firm's quarterly revenue was up 53.7% on a year-over-year basis. During the same period last year, the company earned $0.31 earnings per share. As a group, analysts expect that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 16th were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.20 dividend on an annualized basis and a yield of 0.93%. FTAI Aviation's dividend payout ratio (DPR) is 571.43%.

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.