Insider Selling: Willis Lease Finance Co. (NASDAQ:WLFC) President Sells 2,511 Shares of Stock

Willis Lease Finance Co. (NASDAQ:WLFCGet Rating) President Brian Richard Hole sold 2,511 shares of the stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $31.13, for a total value of $78,167.43. Following the completion of the sale, the president now directly owns 87,774 shares in the company, valued at approximately $2,732,404.62. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Brian Richard Hole also recently made the following trade(s):

  • On Monday, May 16th, Brian Richard Hole sold 2,590 shares of Willis Lease Finance stock. The shares were sold at an average price of $31.67, for a total value of $82,025.30.
  • On Friday, May 13th, Brian Richard Hole sold 3,594 shares of Willis Lease Finance stock. The stock was sold at an average price of $31.74, for a total value of $114,073.56.
  • On Friday, March 25th, Brian Richard Hole sold 2,444 shares of Willis Lease Finance stock. The stock was sold at an average price of $33.52, for a total value of $81,922.88.
  • On Monday, March 21st, Brian Richard Hole sold 2,125 shares of Willis Lease Finance stock. The stock was sold at an average price of $33.26, for a total value of $70,677.50.

Shares of NASDAQ WLFC traded up $0.21 during midday trading on Friday, hitting $31.21. 17,706 shares of the company’s stock were exchanged, compared to its average volume of 10,839. The company has a debt-to-equity ratio of 4.74, a current ratio of 2.85 and a quick ratio of 2.07. Willis Lease Finance Co. has a twelve month low of $30.22 and a twelve month high of $46.80. The firm’s fifty day simple moving average is $32.24 and its 200-day simple moving average is $34.91.

Willis Lease Finance (NASDAQ:WLFCGet Rating) last released its quarterly earnings results on Monday, March 14th. The transportation company reported $0.14 EPS for the quarter. The company had revenue of $75.81 million for the quarter. Willis Lease Finance had a negative return on equity of 4.44% and a negative net margin of 5.86%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WLFC. Water Island Capital LLC purchased a new position in shares of Willis Lease Finance in the 3rd quarter valued at approximately $138,033,000. Charles Schwab Investment Management Inc. grew its stake in shares of Willis Lease Finance by 14.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,674 shares of the transportation company’s stock valued at $252,000 after purchasing an additional 866 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Willis Lease Finance by 86.7% in the 4th quarter. JPMorgan Chase & Co. now owns 4,221 shares of the transportation company’s stock valued at $159,000 after purchasing an additional 1,960 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Willis Lease Finance by 64.4% in the 4th quarter. Wells Fargo & Company MN now owns 4,106 shares of the transportation company’s stock valued at $155,000 after purchasing an additional 1,609 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Willis Lease Finance by 213.9% in the 4th quarter. Barclays PLC now owns 3,516 shares of the transportation company’s stock valued at $133,000 after purchasing an additional 2,396 shares during the last quarter. 94.07% of the stock is currently owned by institutional investors.

Separately, StockNews.com lowered Willis Lease Finance from a “buy” rating to a “hold” rating in a research report on Wednesday.

About Willis Lease Finance (Get Rating)

Willis Lease Finance Corporation operates as a lessor and servicer of commercial aircraft and aircraft engines worldwide. The company operates through two segments, Leasing and Related Operations, and Spare Parts Sales. The Leasing and Related Operations segment engages in acquiring and leasing commercial aircraft, aircraft engines, and other aircraft equipment, as well as the purchase and resale of commercial aircraft engines and other aircraft equipment, and other related businesses.

Further Reading

Insider Buying and Selling by Quarter for Willis Lease Finance (NASDAQ:WLFC)

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