Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Insider Trading: Fortress Investment Group Sold Some $AYR

Michael Novogratz’s Fortress Investment Group disclosed on November 16th for its recent insider transactions in Aircastle LTD (AYR). According to the filing, Fortress Investment Group made four insider sales of total 182,575 shares on November 14 and 15. The average selling price was about $11.60. Fortress Investment Group had 17.04 million shares in AYR in the second quarter, and did not make any change during the third quarter. Previously Fortress Investment Group sold 66 thousand shares on November 11th. So approximately Fortress Investment Group now holds 16.9 million shares in AYR. The stock has increased by 13% in 2011, and is now trading at $11.42.

top hedge funds

Beside Fortress Investment Group’s largest chunk in AYR, Fourteen hedge funds were bullish about the stock based on their positions in second quarter. David Dreman’s Dreman Value Management took the second. The firm increased its position by 3% to 3.28 million shares. Debra Fine’s Fine Capital Partners boosted its position by 52% and had 2.67 million shares in the stock. Jim Simons’ Renaissance Technologies increased its position by 10% and had 1.33 million shares.

From the firm’s website, Fortress Investment Group is “a leading, highly diversified global investment management firm. Fortress applies its deep experience and specialized expertise across a range of investment strategies – private equity, credit, liquid markets and traditional fixed income – on behalf of over 1,000 institutional clients and private investors worldwide”. In the second quarter, Fortress Investment Group reported a 13F portfolio of nearly $2 billion. The firm mainly invests in Services, Healthcare, and Financial sector.

Per Yahoo! Finance, Aircastle Limited, “through its subsidiaries, engages in the acquisition, lease, and sale of high-utility commercial jet aircraft to passenger and cargo airlines worldwide. The company also makes investments in various aviation assets, including debt investments secured by commercial jet aircraft. As of December 31, 2010, its portfolio consisted of 136 aircrafts that were leased to 64 lessees located in 36 countries, and managed through offices in the United States, Ireland, and Singapore. The company was formerly known as Aircastle Investment Limited. Aircastle Limited was founded in 2004 and is based in Stamford, Connecticut.”

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!