JPMorgan Chase & Co. Buys 2,559 Shares of Willis Lease Finance Co. (NASDAQ:WLFC)

JPMorgan Chase & Co. raised its position in shares of Willis Lease Finance Co. (NASDAQ:WLFC) by 147.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,289 shares of the transportation company’s stock after purchasing an additional 2,559 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.06% of Willis Lease Finance worth $890,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in shares of Willis Lease Finance by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 23,188 shares of the transportation company’s stock valued at $4,813,000 after acquiring an additional 198 shares during the period. Rhumbline Advisers boosted its position in shares of Willis Lease Finance by 5.5% during the fourth quarter. Rhumbline Advisers now owns 7,073 shares of the transportation company’s stock valued at $1,468,000 after buying an additional 371 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Willis Lease Finance in the 4th quarter worth $104,000. Ritholtz Wealth Management increased its stake in Willis Lease Finance by 32.5% in the 4th quarter. Ritholtz Wealth Management now owns 2,778 shares of the transportation company’s stock valued at $577,000 after buying an additional 681 shares during the last quarter. Finally, Truist Financial Corp purchased a new stake in shares of Willis Lease Finance during the fourth quarter valued at approximately $208,000. Institutional investors own 93.70% of the company’s stock.

Willis Lease Finance Price Performance

Shares of NASDAQ:WLFC opened at $150.00 on Tuesday. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.76 and a current ratio of 1.16. The company has a market capitalization of $990.90 million, a P/E ratio of 10.63 and a beta of 0.79. Willis Lease Finance Co. has a fifty-two week low of $48.10 and a fifty-two week high of $235.43. The company’s 50-day moving average is $163.60 and its 200 day moving average is $187.66.

Willis Lease Finance (NASDAQ:WLFC) last posted its quarterly earnings results on Monday, March 10th. The transportation company reported $2.81 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.92. The company had revenue of $152.80 million during the quarter, compared to the consensus estimate of $145.54 million. Willis Lease Finance had a return on equity of 20.62% and a net margin of 18.56%.

Insider Transactions at Willis Lease Finance

In other news, CEO Austin Chandler Willis sold 3,450 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $157.82, for a total transaction of $544,479.00. Following the completion of the transaction, the chief executive officer now owns 206,644 shares of the company’s stock, valued at approximately $32,612,556.08. The trade was a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Scott B. Flaherty sold 1,539 shares of the firm’s stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $170.90, for a total transaction of $263,015.10. Following the sale, the executive vice president now owns 69,296 shares in the company, valued at approximately $11,842,686.40. This trade represents a 2.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,465 shares of company stock valued at $2,439,074 over the last three months. Company insiders own 57.02% of the company’s stock.

Willis Lease Finance Profile

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.