Maven Securities LTD Makes New $341,000 Investment in FTAI Aviation Ltd. $FTAI

Key Points

• Maven Securities LTD has made a new investment of approximately $341,000 in FTAI Aviation Ltd. by purchasing 3,070 shares during the first quarter.
• FTAI Aviation recently reported earnings of $1.57 per share, exceeding analysts' expectations and showing a 52.4% increase in quarterly revenue year-over-year.
• The company announced a quarterly dividend of $0.30 per share, representing an annualized yield of 0.9%.

Maven Securities LTD bought a new position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,070 shares of the financial services provider's stock, valued at approximately $341,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. boosted its stake 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 in the last quarter. WCM Investment Management LLC boosted its stake in FTAI Aviation by 11.2% during the first quarter. WCM Investment Management LLC now owns 242,083 shares of the financial services provider's stock valued at $27,200,000 after buying an additional 24,296 shares in the last quarter. Royce & Associates LP boosted its stake in FTAI Aviation by 97.9% during the first quarter. Royce & Associates LP now owns 411,248 shares of the financial services provider's stock valued at $45,661,000 after buying an additional 203,447 shares in the last quarter. GAMMA Investing LLC boosted its stake in FTAI Aviation by 24,780.1% during the first quarter. GAMMA Investing LLC now owns 47,521 shares of the financial services provider's stock valued at $5,276,000 after buying an additional 47,330 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in FTAI Aviation by 5.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,879 shares of the financial services provider's stock valued at $986,000 after buying an additional 443 shares in the last quarter. Institutional investors own 88.96% of the company's stock.

Analysts Set New Price Targets

FTAI has been the subject of several research reports. Zacks Research raised FTAI Aviation from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 20th. BTIG Research raised their target price on FTAI Aviation from $190.00 to $230.00 and gave the company a "buy" rating in a research note on Monday. JMP Securities raised their target price on FTAI Aviation from $180.00 to $205.00 and gave the company a "market outperform" rating in a research note on Wednesday, August 6th. Citigroup reaffirmed a "buy" rating on shares of FTAI Aviation in a research note on Thursday, July 10th. Finally, Wall Street Zen raised FTAI Aviation from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $182.83.

FTAI Aviation Stock Performance

Shares of NASDAQ:FTAI traded down $0.10 during midday trading on Monday, reaching $147.61. The company had a trading volume of 236,919 shares, compared to its average volume of 2,251,293. The company has a fifty day simple moving average of $126.11 and a two-hundred day simple moving average of $116.50. FTAI Aviation Ltd. has a 1-year low of $75.06 and a 1-year high of $181.64. The firm has a market cap of $15.14 billion, a price-to-earnings ratio of 36.54 and a beta of 1.61.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last announced its earnings results 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. FTAI Aviation had a net margin of 21.31% and a return on equity of 465.13%. The company had revenue of $676.24 million for the quarter, compared to the consensus estimate of $754.75 million. During the same period in the previous year, the business earned ($2.26) EPS. The company's revenue was up 52.4% on a year-over-year basis. Analysts expect that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 12th were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, August 12th. This represents a $1.20 dividend on an annualized basis and a yield of 0.8%. FTAI Aviation's dividend payout ratio (DPR) is presently 29.70%.

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.