Quantessence Capital LLC Purchases Shares of 5,705 FTAI Aviation Ltd. (NYSE:FTAI)

Quantessence Capital LLC purchased a new stake in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,705 shares of the financial services provider's stock, valued at approximately $822,000.

Several other large investors have also recently added to or reduced their stakes in FTAI. Sara Bay Financial bought a new position in shares of FTAI Aviation in the 4th quarter worth about $547,000. Ibex Wealth Advisors acquired a new position in FTAI Aviation in the fourth quarter valued at approximately $3,518,000. Rhumbline Advisers grew its holdings in shares of FTAI Aviation by 2.2% during the fourth quarter. Rhumbline Advisers now owns 142,072 shares of the financial services provider's stock valued at $20,464,000 after purchasing an additional 3,121 shares during the last quarter. SeaCrest Wealth Management LLC grew its holdings in shares of FTAI Aviation by 77.1% during the fourth quarter. SeaCrest Wealth Management LLC now owns 6,555 shares of the financial services provider's stock valued at $944,000 after purchasing an additional 2,853 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in shares of FTAI Aviation by 102.8% during the 3rd quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider's stock worth $54,685,000 after purchasing an additional 208,613 shares during the period. 88.96% of the stock is currently owned by institutional investors.

FTAI Aviation Stock Performance

Shares of FTAI stock traded up $3.47 during mid-day trading on Friday, hitting $104.84. 1,013,822 shares of the stock traded hands, compared to its average volume of 1,708,076. FTAI Aviation Ltd. has a twelve month low of $69.93 and a twelve month high of $181.64. The company's 50-day simple moving average is $108.21 and its 200-day simple moving average is $128.13. The firm has a market cap of $10.75 billion, a price-to-earnings ratio of -1,048.30 and a beta of 1.79.

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors 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 of this dividend was Friday, March 14th. FTAI Aviation's payout ratio is currently -342.86%.

Analyst Ratings Changes

A number of brokerages recently commented on FTAI. Morgan Stanley lowered their price objective on 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 reaffirmed an "outperform" rating and issued a $160.00 price objective on shares of FTAI Aviation in a report on Wednesday, January 22nd. Wolfe Research upgraded shares of FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 price objective on the stock in a research report on Friday, January 10th. StockNews.com upgraded shares of FTAI Aviation to a "sell" rating in a research report on Wednesday. Finally, Citigroup reaffirmed a "buy" rating on shares of FTAI Aviation in a report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, FTAI Aviation presently has an average rating of "Moderate Buy" and a consensus price target of $172.83.

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.