FTAI Aviation (NASDAQ:FTAIM) Stock Price Down 0.3% – Here’s What Happened

FTAI Aviation Ltd. (NASDAQ:FTAIM) fell 0.3% during trading on Tuesday. The stock traded as low as $26.56 and last traded at $26.56. 2,432 shares traded hands during trading, a decline of 42% from the average daily volume of 4,206 shares. The stock had previously closed at $26.65.

FTAI Aviation Stock Performance

The business’s 50 day simple moving average is $27.23 and its 200 day simple moving average is $27.12.

FTAI Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a $0.5938 dividend. This represents a $2.38 annualized dividend and a yield of 9.0%. The ex-dividend date was Tuesday, September 1st.

Institutional Trading of FTAI Aviation

A hedge fund recently bought a new stake in FTAI Aviation stock. Navellier & Associates Inc. bought a new position in shares of FTAI Aviation Ltd. (NASDAQ:FTAIM) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,642 shares of the company’s stock, valued at approximately $985,000.

About FTAI Aviation

FTAI Aviation Ltd. is an aviation asset owner, lessor and manager that acquires, leases and manages commercial aircraft and aircraft engines. The company focuses primarily on narrowbody aircraft and widely used engine platforms, serving airlines, lessors and other aviation customers.

In addition to leasing activities, FTAI Aviation provides aviation products and services related to engines and aircraft assets. Its operations include engine leasing, asset management, maintenance support and the development of proprietary aviation products intended to extend the useful life and improve the economics of commercial aircraft and engines.

FTAI Aviation serves customers in international aviation markets and is led by Joseph P.