FTAI Aviation (NASDAQ:FTAIN) Shares Down 1.2% – Here’s What Happened

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

FTAI Aviation Trading Up 0.0 %

The company has a fifty day moving average price of $25.88 and a 200-day moving average price of $25.67.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a $0.5156 dividend. This represents a $2.06 annualized dividend and a yield of 8.09%. The ex-dividend date 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 position in FTAI Aviation Ltd. (NASDAQ:FTAIN) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 41,400 shares of the company’s stock, valued at approximately $1,062,000.

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.