Hiddenite Capital Partners LP Has $7.77 Million Position in FTAI Aviation Ltd. $FTAI

Key Points

• Hiddenite Capital Partners LP increased its stake in FTAI Aviation Ltd. by 40%, holding 70,000 shares valued at approximately $7.77 million, making it the fund's 14th largest position.
• Analysts have a generally positive view of FTAI Aviation, with a consensus rating of "Buy" and an average target price of $182.83.
• FTAI Aviation recently declared a quarterly dividend of $0.30 per share, representing a yield of 0.8%.

Hiddenite Capital Partners LP increased its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 40.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,000 shares of the financial services provider's stock after buying an additional 20,000 shares during the period. FTAI Aviation comprises 2.7% of Hiddenite Capital Partners LP's investment portfolio, making the stock its 14th largest holding. Hiddenite Capital Partners LP owned approximately 0.07% of FTAI Aviation worth $7,772,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of FTAI. Wellington Management Group LLP grew its position in shares of FTAI Aviation by 159.6% in the 1st quarter. Wellington Management Group LLP now owns 2,347,633 shares of the financial services provider's stock valued at $260,658,000 after buying an additional 1,443,440 shares during the last quarter. Shellback Capital LP purchased a new position in shares of FTAI Aviation in the 4th quarter valued at $76,510,000. Nuveen LLC purchased a new position in shares of FTAI Aviation in the 1st quarter valued at $41,789,000. GW&K Investment Management LLC purchased a new position in shares of FTAI Aviation in the 1st quarter valued at $30,963,000. Finally, Two Sigma Advisers LP grew its position in shares of FTAI Aviation by 24.5% in the 4th quarter. Two Sigma Advisers LP now owns 1,305,400 shares of the financial services provider's stock valued at $188,030,000 after buying an additional 256,800 shares during the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Price Performance

FTAI traded up $3.59 during trading on Thursday, hitting $154.48. The company had a trading volume of 298,511 shares, compared to its average volume of 2,202,712. The company has a market cap of $15.85 billion, a PE ratio of 38.24 and a beta of 1.65. The business has a 50-day moving average of $129.82 and a 200-day moving average of $118.53. FTAI Aviation Ltd. has a 1-year low of $75.06 and a 1-year high of $181.64.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last released its earnings results on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.24. FTAI Aviation had a net margin of 21.31% and a return on equity of 465.13%. The firm had revenue of $676.24 million during the quarter, compared to analyst estimates of $754.75 million. During the same quarter in the previous year, the firm earned ($2.26) earnings per share. The firm's revenue for the quarter was up 52.4% compared to the same quarter last year. Research analysts forecast that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 19th. Investors of record on Tuesday, August 12th were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $1.20 annualized dividend and a yield of 0.8%. FTAI Aviation's dividend payout ratio is presently 29.70%.

Analyst Upgrades and Downgrades

FTAI has been the topic of several research reports. JMP Securities raised their price objective on shares of FTAI Aviation from $180.00 to $205.00 and gave the stock a "market outperform" rating in a research report on Wednesday, August 6th. Citizens Jmp upgraded shares of FTAI Aviation to a "strong-buy" rating in a research note on Thursday, May 8th. BTIG Research raised their price objective on shares of FTAI Aviation from $190.00 to $230.00 and gave the company a "buy" rating in a research note on Monday, August 25th. Morgan Stanley lifted their price target on shares of FTAI Aviation from $138.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday, August 20th. Finally, Citigroup reiterated a "buy" rating on shares of FTAI Aviation in a report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, FTAI Aviation has an average rating of "Buy" and a consensus price target of $182.83.

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.