Bosun Asset Management LLC Sells 452 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Bosun Asset Management LLC reduced its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 6.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,003 shares of the financial services provider’s stock after selling 452 shares during the period. Bosun Asset Management LLC’s holdings in FTAI Aviation were worth $1,009,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in FTAI. Merit Financial Group LLC lifted its stake in shares of FTAI Aviation by 2.5% in the fourth quarter. Merit Financial Group LLC now owns 4,256 shares of the financial services provider’s stock worth $613,000 after acquiring an additional 105 shares during the period. CIBC Asset Management Inc raised its holdings in FTAI Aviation by 4.5% during the 4th quarter. CIBC Asset Management Inc now owns 3,389 shares of the financial services provider’s stock worth $488,000 after purchasing an additional 147 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of FTAI Aviation by 7.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,405 shares of the financial services provider’s stock worth $346,000 after purchasing an additional 161 shares during the period. Private Trust Co. NA boosted its stake in shares of FTAI Aviation by 221.1% in the 4th quarter. Private Trust Co. NA now owns 244 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 168 shares during the last quarter. Finally, Park Avenue Securities LLC increased its position in shares of FTAI Aviation by 8.5% during the fourth quarter. Park Avenue Securities LLC now owns 2,187 shares of the financial services provider’s stock worth $315,000 after buying an additional 172 shares during the period. Institutional investors own 88.96% of the company’s stock.

FTAI Aviation Price Performance

Shares of NYSE FTAI opened at $100.75 on Tuesday. The stock has a market capitalization of $10.33 billion, a PE ratio of -1,007.40 and a beta of 1.64. FTAI Aviation Ltd. has a one year low of $75.06 and a one year high of $181.64. The business’s fifty day moving average price is $104.20 and its 200-day moving average price is $126.11.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.87 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.08). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. FTAI Aviation’s quarterly revenue was up 53.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.31 EPS. As a group, equities analysts expect that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 16th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.20 dividend on an annualized basis and a yield of 1.19%. FTAI Aviation’s dividend payout ratio is 571.43%.

Insider Activity at FTAI Aviation

In related news, insider Stacy Kuperus purchased 1,087 shares of the firm’s stock in a transaction dated Friday, May 2nd. The shares were purchased at an average cost of $92.90 per share, for a total transaction of $100,982.30. Following the completion of the transaction, the insider now directly owns 88,423 shares in the company, valued at approximately $8,214,496.70. This represents a 1.24 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO David Moreno acquired 6,580 shares of the business’s stock in a transaction dated Friday, May 2nd. The stock was purchased at an average price of $94.85 per share, with a total value of $624,113.00. Following the completion of the transaction, the chief operating officer now directly owns 231,623 shares of the company’s stock, valued at $21,969,441.55. This trade represents a 2.92 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 10,667 shares of company stock worth $1,008,715. Corporate insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

FTAI has been the topic of several recent analyst reports. Citigroup restated a “buy” rating on shares of FTAI Aviation in a report on Thursday, March 6th. StockNews.com upgraded shares of FTAI Aviation to a “sell” rating in a research note on Wednesday, April 23rd. Stifel Nicolaus raised shares of FTAI Aviation from a “hold” rating to a “buy” rating and set a $123.00 price objective on the stock in a research note on Friday. Barclays decreased their target price on shares of FTAI Aviation from $180.00 to $150.00 and set an “overweight” rating for the company in a research report on Thursday, May 1st. Finally, Morgan Stanley dropped their price target on FTAI Aviation from $168.00 to $138.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. One research analyst has rated the stock with a sell rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, FTAI Aviation has an average rating of “Moderate Buy” and a consensus target price of $167.83.

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.