FTAI Aviation Ltd. (NYSE:FTAI) Shares Sold by Penn Capital Management Company LLC

Penn Capital Management Company LLC trimmed its position in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 95.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,720 shares of the financial services provider's stock after selling 93,026 shares during the quarter. Penn Capital Management Company LLC's holdings in FTAI Aviation were worth $680,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Merit Financial Group LLC grew its stake in FTAI Aviation by 2.5% in the 4th quarter. Merit Financial Group LLC now owns 4,256 shares of the financial services provider's stock valued at $613,000 after acquiring an additional 105 shares during the period. MML Investors Services LLC grew its stake in FTAI Aviation by 6.3% during the 3rd quarter. MML Investors Services LLC now owns 2,166 shares of the financial services provider's stock valued at $288,000 after acquiring an additional 129 shares in the last quarter. CIBC Asset Management Inc increased its stake in shares of FTAI Aviation by 4.5% in the 4th quarter. CIBC Asset Management Inc now owns 3,389 shares of the financial services provider's stock worth $488,000 after acquiring an additional 147 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of FTAI Aviation by 7.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,405 shares of the financial services provider's stock valued at $346,000 after buying an additional 161 shares during the period. Finally, Private Trust Co. NA lifted its holdings in FTAI Aviation by 221.1% in the fourth quarter. Private Trust Co. NA now owns 244 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 168 shares during the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on FTAI shares. Stifel Nicolaus reaffirmed a "hold" rating and issued a $123.00 price target (up previously from $100.00) on shares of FTAI Aviation in a research note on Monday, March 3rd. Morgan Stanley lowered their target price on shares of FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Royal Bank of Canada restated an "outperform" rating and issued a $160.00 price objective on shares of FTAI Aviation in a report on Wednesday, January 22nd. BTIG Research lifted their target price on shares of FTAI Aviation from $180.00 to $190.00 and gave the company a "buy" rating in a report on Tuesday, December 31st. Finally, StockNews.com upgraded FTAI Aviation to a "sell" rating in a research note on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, FTAI Aviation has an average rating of "Moderate Buy" and an average price target of $172.83.

FTAI Aviation Stock Down 3.2 %

FTAI Aviation stock traded down $3.44 during trading on Wednesday, reaching $105.71. The stock had a trading volume of 467,933 shares, compared to its average volume of 1,701,055. The stock has a market cap of $10.84 billion, a PE ratio of -1,056.99 and a beta of 1.79. The business has a 50 day moving average price of $107.16 and a 200 day moving average price of $127.62. FTAI Aviation Ltd. has a 52-week low of $70.08 and a 52-week high of $181.64.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 14th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Friday, March 14th. FTAI Aviation's dividend payout ratio (DPR) is -342.86%.

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.