nVerses Capital LLC Makes New $492,000 Investment in FTAI Aviation Ltd. (NYSE:FTAI)

nVerses Capital LLC purchased a new stake in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,700 shares of the financial services provider's stock, valued at approximately $492,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Arcadia Investment Management Corp MI purchased a new stake in FTAI Aviation in the 2nd quarter worth approximately $33,000. Ridgewood Investments LLC purchased a new stake in FTAI Aviation in the 2nd quarter worth approximately $59,000. Kapitalo Investimentos Ltda purchased a new stake in FTAI Aviation in the 4th quarter worth approximately $109,000. EverSource Wealth Advisors LLC increased its holdings in FTAI Aviation by 165.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,875 shares of the financial services provider's stock worth $202,000 after acquiring an additional 1,790 shares in the last quarter. Finally, RiverPark Advisors LLC purchased a new stake in FTAI Aviation in the 2nd quarter worth approximately $202,000. Hedge funds and other institutional investors own 88.96% of the company's stock.

FTAI Aviation Stock Down 1.2 %

FTAI traded down $1.74 during trading on Friday, reaching $143.55. The company had a trading volume of 864,712 shares, compared to its average volume of 1,029,286. FTAI Aviation Ltd. has a 52 week low of $32.66 and a 52 week high of $149.74. The stock has a market cap of $14.39 billion, a P/E ratio of 64.97 and a beta of 2.04. The business has a 50 day simple moving average of $125.88 and a 200-day simple moving average of $100.81.

FTAI Aviation (NYSE:FTAI - Get Free Report) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by ($0.14). The company had revenue of $443.59 million for the quarter, compared to analysts' expectations of $361.92 million. FTAI Aviation had a negative net margin of 1.50% and a positive return on equity of 180.68%. As a group, equities research analysts expect that FTAI Aviation Ltd. will post 2.13 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Monday, August 12th were issued a $0.30 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.20 annualized dividend and a dividend yield of 0.84%. FTAI Aviation's payout ratio is currently 54.79%.

Analyst Ratings Changes

Several research firms have weighed in on FTAI. Benchmark upped their price target on FTAI Aviation from $100.00 to $150.00 and gave the stock a "buy" rating in a research note on Friday, August 16th. Compass Point increased their target price on FTAI Aviation from $118.00 to $156.00 and gave the company a "buy" rating in a research report on Friday, September 27th. StockNews.com upgraded FTAI Aviation to a "sell" rating in a research report on Friday, August 2nd. Wolfe Research downgraded FTAI Aviation from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, July 10th. Finally, Jefferies Financial Group increased their target price on FTAI Aviation from $140.00 to $155.00 and gave the company a "buy" rating in a research report on Monday, September 30th. Two analysts have rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $135.45.

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.