SeaCrest Wealth Management LLC Sells 3,780 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

SeaCrest Wealth Management LLC lowered its position in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 57.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,775 shares of the financial services provider's stock after selling 3,780 shares during the quarter. SeaCrest Wealth Management LLC's holdings in FTAI Aviation were worth $308,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of FTAI. CIBC Asset Management Inc raised its position in shares of FTAI Aviation by 4.5% during the fourth quarter. CIBC Asset Management Inc now owns 3,389 shares of the financial services provider's stock worth $488,000 after purchasing an additional 147 shares during the period. Private Trust Co. NA increased 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. Virtus Fund Advisers LLC bought a new stake in FTAI Aviation during the 4th quarter worth approximately $26,000. Versant Capital Management Inc raised its holdings in 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 buying an additional 181 shares during the period. Finally, Transce3nd LLC bought a new position in FTAI Aviation in the fourth quarter valued at approximately $29,000. Institutional investors own 88.96% of the company's stock.

FTAI Aviation Stock Up 2.8%

Shares of NYSE:FTAI traded up $3.39 during midday trading on Thursday, reaching $123.74. The company had a trading volume of 837,336 shares, compared to its average volume of 1,774,899. FTAI Aviation Ltd. has a 1-year low of $75.06 and a 1-year high of $181.64. The stock has a market cap of $12.69 billion, a PE ratio of -1,237.28 and a beta of 1.66. The business's 50 day moving average price is $108.37 and its 200 day moving average price is $120.00.

FTAI Aviation (NYSE:FTAI - Get Free Report) last posted its quarterly 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 return on equity of 206.25% and a net margin of 1.59%. During the same period last year, the business posted $0.31 EPS. The business's revenue was up 53.7% compared to the same quarter last year. On average, research 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 announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 16th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.20 annualized dividend and a dividend yield of 0.97%. FTAI Aviation's dividend payout ratio is presently 571.43%.

Insider Buying and Selling

In other FTAI Aviation news, COO David Moreno bought 6,580 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The shares were acquired at an average cost of $94.85 per share, with a total value of $624,113.00. Following the acquisition, the chief operating officer now owns 231,623 shares of the company's stock, valued at $21,969,441.55. The trade was a 2.92% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stacy Kuperus purchased 1,087 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The stock was acquired at an average price of $92.90 per share, for a total transaction of $100,982.30. Following the purchase, the insider now owns 88,423 shares in the company, valued at $8,214,496.70. This trade represents a 1.24% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 10,667 shares of company stock worth $1,008,715. Insiders own 1.30% of the company's stock.

Analyst Upgrades and Downgrades

FTAI has been the subject of several research reports. Barclays lowered their price objective on shares of FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. Wall Street Zen upgraded FTAI Aviation to a "sell" rating in a report on Wednesday, April 23rd. Stifel Nicolaus raised FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 price target on the stock in a research note on Friday, May 2nd. Morgan Stanley cut their price target on FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Finally, Royal Bank of Canada decreased their price objective on FTAI Aviation from $140.00 to $130.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. One 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, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $171.83.

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.