Nicholas Investment Partners LP Has $22.56 Million Position in FTAI Aviation Ltd. (NYSE:FTAI)

Nicholas Investment Partners LP reduced its position in FTAI Aviation Ltd. (NYSE:FTAI) by 0.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 156,635 shares of the financial services provider’s stock after selling 409 shares during the period. FTAI Aviation accounts for approximately 2.0% of Nicholas Investment Partners LP’s portfolio, making the stock its 4th largest holding. Nicholas Investment Partners LP’s holdings in FTAI Aviation were worth $22,562,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FTAI. Barclays PLC raised its position in shares of FTAI Aviation by 73.5% in the third quarter. Barclays PLC now owns 214,610 shares of the financial services provider’s stock valued at $28,520,000 after purchasing an additional 90,905 shares during the period. SeaCrest Wealth Management LLC grew its stake in FTAI Aviation by 77.1% in the 4th quarter. SeaCrest Wealth Management LLC now owns 6,555 shares of the financial services provider’s stock valued at $944,000 after buying an additional 2,853 shares in the last quarter. Park Avenue Securities LLC grew its stake in FTAI Aviation by 8.5% in the 4th quarter. Park Avenue Securities LLC now owns 2,187 shares of the financial services provider’s stock valued at $315,000 after buying an additional 172 shares in the last quarter. USA Financial Formulas bought a new stake in FTAI Aviation during the 4th quarter valued at $93,000. Finally, Householder Group Estate & Retirement Specialist LLC lifted its position in shares of FTAI Aviation by 5.4% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 9,067 shares of the financial services provider’s stock worth $1,306,000 after acquiring an additional 467 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors.

FTAI Aviation Trading Up 4.3%

FTAI opened at $117.81 on Wednesday. The stock has a market capitalization of $12.08 billion, a P/E ratio of -1,177.98 and a beta of 1.64. The stock has a 50-day moving average price of $103.25 and a 200-day moving average price of $124.92. FTAI Aviation Ltd. has a 12-month low of $75.06 and a 12-month high of $181.64.

FTAI Aviation (NYSE:FTAI) last issued its earnings results on Wednesday, April 30th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.08). FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. During the same period in the previous year, the business posted $0.31 earnings per share. FTAI Aviation’s quarterly revenue was up 53.7% compared to the same quarter last year. On average, equities research analysts predict that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders 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 dividend yield of 1.02%. FTAI Aviation’s dividend payout ratio (DPR) is 571.43%.

Insider Activity

In related news, CEO Joseph P. Jr. Adams purchased 3,000 shares of the firm’s stock in a transaction on Friday, May 2nd. The shares were acquired at an average cost of $94.54 per share, with a total value of $283,620.00. Following the purchase, the chief executive officer now directly owns 341,852 shares of the company’s stock, valued at approximately $32,318,688.08. This trade represents a 0.89% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Stacy Kuperus acquired 1,087 shares of the stock in a transaction on Friday, May 2nd. The stock was bought at an average price of $92.90 per share, with a total value of $100,982.30. Following the transaction, the insider now directly owns 88,423 shares of the company’s stock, valued at approximately $8,214,496.70. The trade was a 1.24% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 10,667 shares of company stock valued at $1,008,715. Corporate insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Citizens Jmp raised FTAI Aviation to a “strong-buy” rating in a report on Thursday, May 8th. Stifel Nicolaus upgraded FTAI Aviation from a “hold” rating to a “buy” rating and set a $123.00 target price for the company in a research note on Friday, May 2nd. StockNews.com raised FTAI Aviation to a “sell” rating in a report on Wednesday, April 23rd. JMP Securities lowered their price target on shares of FTAI Aviation from $190.00 to $180.00 and set a “market outperform” rating on the stock in a report on Thursday, May 8th. Finally, Morgan Stanley reduced their price objective on shares of FTAI Aviation from $168.00 to $138.00 and set an “overweight” rating for the company in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, FTAI Aviation presently has a consensus rating of “Moderate Buy” and an average price target of $171.83.

FTAI Aviation 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.