BNP Paribas Financial Markets Has $102,000 Stock Holdings in Willis Lease Finance Co. (NASDAQ:WLFC)

BNP Paribas Financial Markets reduced its holdings in shares of Willis Lease Finance Co. (NASDAQ:WLFC) by 82.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 684 shares of the transportation company’s stock after selling 3,222 shares during the period. BNP Paribas Financial Markets’ holdings in Willis Lease Finance were worth $102,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rhumbline Advisers raised its holdings in shares of Willis Lease Finance by 4.0% in the 2nd quarter. Rhumbline Advisers now owns 6,691 shares of the transportation company’s stock worth $464,000 after buying an additional 259 shares in the last quarter. ProShare Advisors LLC acquired a new position in Willis Lease Finance during the second quarter worth $27,000. Innealta Capital LLC bought a new position in shares of Willis Lease Finance during the second quarter valued at $44,000. SG Americas Securities LLC acquired a new stake in shares of Willis Lease Finance in the 3rd quarter valued at $146,000. Finally, Nisa Investment Advisors LLC bought a new stake in shares of Willis Lease Finance in the 2nd quarter worth about $69,000. Institutional investors own 93.70% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Willis Lease Finance from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th.

Insiders Place Their Bets

In related news, CFO Scott B. Flaherty sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $200.19, for a total value of $1,000,950.00. Following the completion of the sale, the chief financial officer now owns 74,955 shares of the company’s stock, valued at $15,005,241.45. This trade represents a 6.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Brian Richard Hole sold 20,000 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $203.31, for a total value of $4,066,200.00. Following the transaction, the president now directly owns 81,164 shares in the company, valued at approximately $16,501,452.84. This represents a 19.77 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,500 shares of company stock valued at $5,164,310. 57.02% of the stock is currently owned by corporate insiders.

Willis Lease Finance Stock Performance

NASDAQ:WLFC opened at $196.51 on Thursday. The stock has a market capitalization of $1.30 billion, a P/E ratio of 13.93 and a beta of 1.09. The company has a current ratio of 1.16, a quick ratio of 0.76 and a debt-to-equity ratio of 3.84. Willis Lease Finance Co. has a 1 year low of $45.32 and a 1 year high of $235.43. The firm has a 50 day moving average of $198.82 and a 200-day moving average of $131.14.

Willis Lease Finance Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Tuesday, November 12th were given a $0.25 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $1.00 annualized dividend and a yield of 0.51%. Willis Lease Finance’s payout ratio is 7.09%.

About Willis Lease Finance

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.