Inscription Capital LLC Takes $1.11 Million Position in FTAI Aviation Ltd. (NASDAQ:FTAI)

Inscription Capital LLC acquired a new stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 10,000 shares of the financial services provider's stock, valued at approximately $1,110,000.

Several other institutional investors have also added to or reduced their stakes in FTAI. Fortitude Advisory Group L.L.C. bought a new position in shares of FTAI Aviation in the 1st quarter worth approximately $1,044,000. Handelsbanken Fonder AB grew its stake in FTAI Aviation by 6.2% in the first quarter. Handelsbanken Fonder AB now owns 29,300 shares of the financial services provider's stock worth $3,253,000 after purchasing an additional 1,700 shares during the period. GAMMA Investing LLC raised its holdings in FTAI Aviation by 124.1% in the first quarter. GAMMA Investing LLC now owns 428 shares of the financial services provider's stock worth $48,000 after purchasing an additional 237 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in FTAI Aviation by 27.3% during the first quarter. Harbor Capital Advisors Inc. now owns 147,753 shares of the financial services provider's stock valued at $16,405,000 after buying an additional 31,694 shares during the period. Finally, Weybosset Research & Management LLC purchased a new position in FTAI Aviation during the first quarter valued at $9,185,000. 88.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Barclays reduced their target price on shares of FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Royal Bank Of Canada cut their price objective on shares of FTAI Aviation from $140.00 to $130.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Citigroup reiterated a "buy" rating on shares of FTAI Aviation in a report on Thursday, March 6th. Morgan Stanley dropped their price target on FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Finally, Citizens Jmp upgraded FTAI Aviation to a "strong-buy" rating in a research note on Thursday, May 8th. One analyst has rated the stock with a sell rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, FTAI Aviation has a consensus rating of "Moderate Buy" and a consensus price target of $171.83.

FTAI Aviation Stock Down 0.8%

Shares of NASDAQ FTAI traded down $0.99 during trading on Friday, reaching $129.09. 1,624,420 shares of the company traded hands, compared to its average volume of 2,421,094. The firm has a 50 day simple moving average of $111.78 and a 200-day simple moving average of $118.27. FTAI Aviation Ltd. has a 52-week low of $75.06 and a 52-week 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.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last issued its earnings results 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 return on equity of 438.32% and a net margin of 3.74%. The firm's revenue for the quarter was up 53.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.31 earnings per share. As a group, research analysts predict that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Announces Dividend

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

Insider Activity at FTAI Aviation

In other FTAI Aviation news, CEO Joseph P. Jr. Adams acquired 3,000 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was purchased at an average price of $94.54 per share, with a total value of $283,620.00. Following the transaction, the chief executive officer now directly owns 341,852 shares in the company, valued at approximately $32,318,688.08. The trade was a 0.89% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO David Moreno acquired 6,580 shares of FTAI Aviation stock in a transaction dated Friday, May 2nd. The stock was bought at an average price of $94.85 per share, with a total value of $624,113.00. Following the completion of the purchase, the chief operating officer now directly owns 231,623 shares in the company, valued at $21,969,441.55. This represents a 2.92% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 10,667 shares of company stock worth $1,008,715. 1.30% of the stock is owned by insiders.

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.