Willis Lease Finance Co. (NASDAQ:WLFC) CFO Scott B. Flaherty Sells 2,360 Shares

Willis Lease Finance Co. (NASDAQ:WLFCGet Rating) CFO Scott B. Flaherty sold 2,360 shares of the stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $37.56, for a total value of $88,641.60. Following the completion of the transaction, the chief financial officer now directly owns 88,910 shares in the company, valued at approximately $3,339,459.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NASDAQ WLFC traded down $0.10 during trading on Tuesday, hitting $37.52. The company had a trading volume of 20,379 shares, compared to its average volume of 11,913. The stock has a 50 day simple moving average of $32.53 and a 200 day simple moving average of $34.60. The company has a debt-to-equity ratio of 4.74, a quick ratio of 2.07 and a current ratio of 2.85. Willis Lease Finance Co. has a 12 month low of $30.22 and a 12 month high of $45.91. The firm has a market capitalization of $230.56 million, a P/E ratio of -11.17 and a beta of 1.18.

Willis Lease Finance (NASDAQ:WLFCGet Rating) last posted its quarterly earnings data on Monday, May 9th. The transportation company reported ($3.70) EPS for the quarter. Willis Lease Finance had a negative return on equity of 4.44% and a negative net margin of 5.86%. The company had revenue of $68.82 million during the quarter.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. RBF Capital LLC raised its stake in shares of Willis Lease Finance by 79.2% in the first quarter. RBF Capital LLC now owns 107,096 shares of the transportation company’s stock worth $3,454,000 after buying an additional 47,320 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Willis Lease Finance by 29.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 8,629 shares of the transportation company’s stock worth $278,000 after buying an additional 1,955 shares during the period. Barclays PLC grew its position in shares of Willis Lease Finance by 213.9% during the fourth quarter. Barclays PLC now owns 3,516 shares of the transportation company’s stock worth $133,000 after purchasing an additional 2,396 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Willis Lease Finance by 64.4% during the fourth quarter. Wells Fargo & Company MN now owns 4,106 shares of the transportation company’s stock worth $155,000 after purchasing an additional 1,609 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Willis Lease Finance by 86.7% during the fourth quarter. JPMorgan Chase & Co. now owns 4,221 shares of the transportation company’s stock worth $159,000 after purchasing an additional 1,960 shares in the last quarter. 94.07% of the stock is currently owned by hedge funds and other institutional investors.

Separately, StockNews.com downgraded Willis Lease Finance from a “buy” rating to a “hold” rating in a report on Wednesday, May 18th.

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.

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