FTAI Aviation (NASDAQ:FTAIN) Trading Down 1.2% – Should You Sell?

FTAI Aviation Ltd. (NASDAQ:FTAIN) fell 1.2% during trading on Monday . The stock traded as low as $25.49 and last traded at $25.49. 1,670 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 6,180 shares. The stock had previously closed at $25.81.

FTAI Aviation Stock Performance

The stock has a 50-day moving average price of $25.88 and a two-hundred day moving average price of $25.67.

FTAI Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.5156 per share. This represents a $2.06 annualized dividend and a yield of 8.09%. The ex-dividend date of this dividend was Monday, December 2nd.

Institutional Trading of FTAI Aviation

A hedge fund recently bought a new stake in FTAI Aviation stock. Shikiar Asset Management Inc. purchased a new stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAIN) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 41,400 shares of the company’s stock, valued at approximately $1,062,000.

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.