Doliver Advisors LP Purchases New Position in FTAI Aviation Ltd. $FTAI

Doliver Advisors LP purchased a new stake in FTAI Aviation Ltd. (NASDAQ:FTAI) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,657 shares of the financial services provider’s stock, valued at approximately $989,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. SJS Investment Consulting Inc. increased its stake in FTAI Aviation by 122.9% during the first quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 59 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in shares of FTAI Aviation by 142.2% in the 1st quarter. Meeder Asset Management Inc. now owns 109 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 64 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of FTAI Aviation in the 2nd quarter valued at approximately $37,000. Garton & Associates Financial Advisors LLC bought a new stake in shares of FTAI Aviation in the 4th quarter valued at approximately $30,000. Finally, Root Financial Partners LLC boosted its holdings in shares of FTAI Aviation by 40.9% in the 1st quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 45 shares during the period. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Stock Performance

FTAI stock opened at $225.60 on Wednesday. The company has a quick ratio of 2.07, a current ratio of 5.28 and a debt-to-equity ratio of 8.55. The business’s fifty day simple moving average is $234.32 and its two-hundred day simple moving average is $251.00. FTAI Aviation Ltd. has a twelve month low of $136.85 and a twelve month high of $323.51. The firm has a market cap of $23.17 billion, a price-to-earnings ratio of 49.04, a PEG ratio of 0.87 and a beta of 1.51.

FTAI Aviation (NASDAQ:FTAI) last released its earnings results on Wednesday, July 29th. The financial services provider reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.19). The business had revenue of $953.09 million for the quarter. FTAI Aviation had a return on equity of 139.59% and a net margin of 15.94%.The company’s revenue was up 40.9% on a year-over-year basis. During the same period last year, the business posted $1.57 EPS. Analysts predict that FTAI Aviation Ltd. will post 6.77 earnings per share for the current year.

FTAI Aviation Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, August 24th. Investors of record on Wednesday, August 12th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. FTAI Aviation’s dividend payout ratio (DPR) is currently 34.78%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on FTAI shares. Citizens Jmp started coverage on FTAI Aviation in a research report on Wednesday, July 15th. They set a “market outperform” rating and a $375.00 target price on the stock. Royal Bank Of Canada lowered their price target on FTAI Aviation from $350.00 to $300.00 and set an “outperform” rating for the company in a research report on Monday, July 27th. Morgan Stanley reaffirmed an “overweight” rating and set a $319.00 price objective on shares of FTAI Aviation in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft set a $290.00 price objective on shares of FTAI Aviation in a research report on Friday, July 31st. Finally, BTIG Research decreased their price objective on shares of FTAI Aviation from $400.00 to $350.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $315.56.

Insider Transactions at FTAI Aviation

In other FTAI Aviation news, Director Judith A. Hannaway sold 255 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $253.89, for a total value of $64,741.95. Following the completion of the sale, the director directly owned 3,012 shares of the company’s stock, valued at $764,716.68. The trade was a 7.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President David Moreno bought 2,475 shares of the company’s stock in a transaction on Friday, July 31st. The stock was bought at an average price of $201.27 per share, for a total transaction of $498,143.25. Following the completion of the purchase, the president directly owned 199,490 shares in the company, valued at approximately $40,151,352.30. This represents a 1.26% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 1.35% of the company’s stock.

FTAI Aviation Company Profile

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.